Casagrand enters the realm of commercial real estate

29 Mar 2023 CW Team

A residential real estate developer from Chennai named Casagrand announced the formation of a new company called "Casagrand Commercial" to mark its debut into the commercial real estate market.

The corporation intends to invest Rs 80 billion over the next five years in the development of 10 million square feet of commercial space by 2027.

Arun Mn, Founder and Managing Director of Casagrand, said during a press conference that “The company sees enormous growth potential in the commercial real estate sector, particularly at this time when the industry is booming due to significant investments, the launch of numerous new projects, and high office space absorptions following the Covid-19 pandemic-led lull.”

In the Chennai, Bangalore, and Hyderabad markets, Casagrand Commercial will concentrate on constructing IT/ITeS space, small retail malls (strip malls), and standalone retail space.

The company will invest Rs 10–15 billion of its own capital, leverage another Rs 15 billion through equity, and raise Rs 40–50 billion in debt from banks and NBFCs out of the total investment of approximately Rs 80 billion.

Also read:
A Tale of Two Cities in a global village
How to be energy-efficient in roofing and cladding

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..