Edelweiss Alternatives to Acquire Bengaluru IT Park for Over Rs 14.75 Bn

05 Mar 2024 CW Team

In a strategic development, Edelweiss Alternatives is on the verge of acquiring an IT Park in Bengaluru, signalling a substantial investment in the real estate market. The acquisition, valued at over Rs 14.75 billion, reflects Edelweiss Alternatives' commitment to capitalising on the potential of the commercial real estate segment.

The Bengaluru IT Park, positioned as a key asset in the city's thriving business landscape, is poised to become part of Edelweiss Alternatives' portfolio. The significant financial commitment underscores the attractiveness of the commercial real estate sector, particularly in dynamic and growth-centric locations like Bengaluru.

Edelweiss Alternatives' move aligns with the broader trend of increased investor interest in commercial properties, driven by the potential for steady returns and long-term value appreciation. The acquisition of the IT Park is expected to contribute to Edelweiss Alternatives' strategic real estate portfolio diversification.

As the real estate market continues to evolve, transactions of this magnitude highlight the resilience and attractiveness of commercial properties, particularly in established business hubs. The acquisition of the Bengaluru IT Park positions Edelweiss Alternatives for potential growth and success in the competitive real estate landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..