Casagrand enters the realm of commercial real estate
Real Estate

Casagrand enters the realm of commercial real estate

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement