Ekam project joins Prosperiti Homes' portfolio

Shriram Finance Sells Housing Finance Business

Shriram Finance has finalised the sale of its entire 85% stake in the housing finance business to Warburg Pincus for a whopping Rs 46.30 billion. This move marks Shriram Finance's exit from the housing finance sector, signalling a strategic shift in its business focus. The deal, valued at over Rs 54 billion including a stake sale and fresh equity infusion, positions Warburg Pincus as a significant player in the Indian housing finance market.

Shriram Finance's decision to divest its housing finance arm aligns with its broader corporate strategy, aimed at optimising its portfolio and conc..

BMC Finds 188 Dilapidated Buildings in Mumbai

The Brihanmumbai Municipal Corporation (BMC) has identified 188 dilapidated buildings across Mumbai, with a significant concentration of 47 in the eastern suburbs alone. This move comes as part of the BMC's ongoing efforts to ensure structural safety and mitigate risks associated with ageing infrastructure in the city.

The identification of these dilapidated structures underscores the pressing need for proactive measures to address potential hazards and safeguard the lives of residents. The BMC's focus on monitoring and assessing the structural integrity of buildings reflects its commit..

Ask Property Fund Exits Naiknavare Pune Project

Ask Property Fund has successfully exited from its investment in a Pune project developed by Naiknavare Developers, achieving an impressive Internal Rate of Return (IRR) of 21%. This move signifies the fund's strategic divestment from the project, marking a significant milestone in its investment portfolio.

The decision to exit from the Pune project reflects Ask Property Fund's commitment to optimising its investment returns and redeploying capital into new opportunities. The favourable IRR of 21% underscores the project's success and the prudent investment strategy employed by the fund..