Assetz Buys Land in East Bengaluru for Rs 14 Billion Project

07 Aug 2025 CW Team

Bengaluru-based real estate developer Assetz has acquired an 11.5-acre land parcel along the Old Madras Road–Hoskote Highway in East Bengaluru to develop a luxury residential community, with an estimated gross development value exceeding Rs 14 billion. The acquisition is supported by Motilal Oswal Alternates (MOA) and includes a joint development agreement with Vanshee Builders & Developers Pvt Ltd.

The premium residential project will feature highway-facing support amenities and cover a saleable built-up area of 1.4 million square feet, comprising around 800 units. This move further consolidates Assetz’s footprint in East Bengaluru, where it already has notable developments such as Marq, Bloom & Dell, Sun & Sanctum, 66, and Shibui.

“Strategic land acquisition has always been central to our development strategy, forming the base well ahead of execution,” said Sunil Pareek, Executive Director at Assetz. “Over the past two years, we have built a pipeline of 17 million square feet across 19 projects, capable of delivering 9,000 homes. With 10 launches this year, our focus remains on offering long-term value to both buyers and communities.”

In July, Motilal Oswal Alternates closed its sixth real estate fund with a corpus of Rs 20 billion. Anand Lakhotia, Managing Director and Co-Head (Real Estate) at MOA, said, “We are well-placed to support quality land acquisitions. Our partnership with Assetz reflects our confidence in their execution capabilities and commitment to sound governance, aligning with our investment philosophy.”

Since its inception in 2006, Assetz has delivered 20 residential and commercial projects spanning around 15 million square feet. In the residential sector alone, the company’s growing portfolio now includes 46 projects — either delivered, launched, or under approval — with a cumulative development potential of 45 million square feet.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..