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 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..