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CapitaLand launches $32.61 bn fund for Indian business parks
India's first net-zero business park in Chennai achieves IGBC certification
Morphogenesis proudly announces the achievement of International Tech Park Chennai, Radial Road (ITPC-Radial Road), developed for CapitaLand Investment (CLI), marking a monumental milestone as the first business park in India to receive certification as net-zero by the Indian Green Building Council (IGBC). This esteemed recognition underscores the park's unwavering commitment to energy efficiency, water conservation, and waste management.
The net-zero energy strategy implemented by Morphogenesis employs a holistic approach, combining passive and active measures to minimize energy consu..
CapitaLand Investment launches new business park dev. Fund
In order to invest in Grade A business parks across India, CapitaLand Investment (CLI) has established the CapitaLand India Growth Fund 2 (CIGF2), a business park development fund with a target fund size of Singapore $525 million.
A worldwide institution has agreed to give CLI S$263 million (about Rs 16.3 billion) in exchange for a 50% ownership in the fund's initial close. CLI plans to keep a 20% sponsor stake in the fund.
The overall equity commitment for the first transaction is S$368 million (Rs 22.9 billion), including CLI's equity investment for the 20% share. It is an..
CapitaLand Investment to raise $300 million for IT, business parks
Singapore-based CapitaLand Investment is planning to raise around $300 million (about ₹2,500 crore) through one of its private funds to develop IT and business parks in India.
CapitaLand Investment, which manages real estate assets worth over $100 billion, has already raised around $600 million since 2018 to fund its asset purchases and develop its portfolio of real estate in India.
A fund of $300 million raised in 2018 has been fully deployed in logistics and warehousing assets, and a similar amount raised in 2022 will be deployed in similar assets in India over the next 6-7 ..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
