Alpha Wave Global Invests $145 Million in Oberoi Realty JV

25 Mar 2025 CW Team

Alternative investment firm Alpha Wave Global has committed to investing Rs 12.5 billion ($145 million) in I-Ven Realty Ltd, a joint venture between Oberoi Realty Ltd and its chairman & managing director, Vikas Oberoi.

With this investment, Alpha Wave will acquire a 21.74% stake in I-Ven Realty on a fully diluted basis, according to Oberoi Realty’s stock exchange filing.

I-Ven Realty, originally formed in 2003, is engaged in construction, development, and real estate operations. The fund infusion—a precondition for Alpha Wave’s stake acquisition—will primarily be used to repay loans taken from Oberoi Realty and Vikas Oberoi.

In addition, Oberoi Realty and Vikas Oberoi will invest an additional Rs 1.65 billion ($20 million) in I-Ven Realty through 4.125 million redeemable preference shares.

The joint venture, which was initially formed to acquire a four-acre land parcel in Worli from GlaxoSmithKline, has undergone multiple development revisions. While initially approved for 44 duplex apartments in two towers, plans have evolved to include a luxury mall, boutique hotel, and office space spanning 1.8 million square feet.

Oberoi Realty had acquired a 50% stake in I-Ven Realty in 2013 from ICICI Venture, and the JV secured key approvals in 2016. A portion of the land had also been allocated temporarily to the Mumbai Metropolitan Region Development Authority (MMRDA) for the Worli Metro station, as per a 2017 media report.

This latest investment underscores Alpha Wave’s confidence in India’s luxury real estate sector, positioning I-Ven Realty for future growth

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..