Damani seals India’s largest residential portfolio deal to date

07 Feb 2023 CW Team

Radhakishan Damani, the founder of the retail chain DMart, and his family have purchased 24 luxury apartments in a super-premium project in Mumbai's Worli neighborhood for approximately Rs 150,00 million. This would be India’s largest residential portfolio deal to date. The Damanis bought the sea-view apartments in the Three Sixty West project on Dr. Annie Besant Road from the Sahana Group, which was developing the property in a joint venture with Oberoi Realty.

The development with mixed-use uses has two towers. The Ritz-Carlton hotel and Ritz-Carlton-managed luxury residences will reside in one. According to sources, Oberoi Realty has also acquired the Sahana Group's 63 apartments in the project as part of a buyout deal for more than Rs 340,00 million.

Damani and his company, Avenue Supermarts, have purchased a number of properties in major Indian cities that have emerged as important centers for consumption in recent years. The company has acquired five properties in Mumbai, including an eight-acre land parcel in Thane from Mondelez India, as well as retail space and land parcels worth more than Rs. 100,00 million.

Additionally, it has acquired retail space worth approximately Rs 1000 million from Sunteck Realty for its upcoming Sunteck City project in Mumbai's Goregaon suburb.The retail chain has bought two properties in Hyderabad, one each in Bengaluru and Pune, in addition to Mumbai. In addition to Damani's personal property, these transactions total more than Rs 360,00 million.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..