HBITS Launches Rs.62.97 Crore Fractional Ownership Asset in Pune

13 Aug 2024 CW Team

HBITS has launched a fractional ownership asset valued at Rs.62.97 crore in Pune. This initiative aims to provide investors with a new way to participate in high-value real estate opportunities.

Key Details:

Fractional Ownership Asset: The new offering allows investors to own a portion of a high-value commercial property in Pune, lowering the barrier to entry for real estate investment.

Investment Amount: The asset is valued at Rs.62.97 crore, reflecting the significant value and potential of the property.

Strategic Location: The asset is located in Pune, a growing commercial hub with a strong demand for premium real estate, enhancing the investment's potential.

Investment Model: Fractional ownership enables multiple investors to share the costs and benefits of owning a commercial property, providing access to lucrative real estate markets without the need for full capital investment.

Market Trends: This launch aligns with the increasing popularity of fractional ownership models in the real estate sector, catering to investors looking for diversified and scalable investment options.

Overall, HBITS's fractional ownership asset in Pune represents an innovative approach to real estate investment, offering a practical solution for investors interested in high-value properties without requiring substantial capital.

Infrastructure Urban

10 Apr 2026

HNGIL Appoints Bharathi Mangaiahgari as CHRO

India’s leading container glass manufacturer, Hindusthan National Glass & Industries (HNGIL), has appointed Bharathi Mangaiahgari as Chief Human Resources Officer.With nearly three decades of experience in human resources, Bharathi will work closely with the leadership team on the company’s people strategy and workforce planning. Her appointment comes as HNGIL sharpens its transformation agenda and operational priorities following a change in ownership last year.Her experience spans technology, manufacturing, renewables, infrastructure, biotech, pharmaceuticals and EPC. She has also wo..

Nexus Select Trust To Acquire Diamond Plaza Mall, Kolkata

Nexus Select Trust has agreed to acquire Diamond Plaza mall in Kolkata for Rs 3.475 billion (bn). The announcement was made on April nine, 2026 and identified the asset as a retail mall in the city of Kolkata. The purchase consideration was specified as Rs 3.475 bn, reflecting the conversion of the amount originally stated in crores. The transaction price was presented in the company statement without further financial breakdown. The mall will be added to the trust's portfolio of income producing retail assets and is expected to broaden its geographic footprint in eastern India. The announceme..

Madhya Pradesh Cabinet Approves 437 Acres for Ujjain Airstrip Expansion

The Madhya Pradesh cabinet has approved the acquisition of 437 acres of land to expand the airstrip at Ujjain. The decision, taken by the state executive, clears the way for a significant enlargement of the existing facility and its surrounding operational area. The approval marks a key administrative step towards upgrading aviation infrastructure in the region. The land will be formally earmarked for the project under the state acquisition plan. The expansion is intended to improve regional connectivity and to support increased civil aviation operations at the site. Officials have outlined pl..