+
Hiranandani Group to launch Tez Platforms with Rs 1k cr investment
Real Estate

Hiranandani Group to launch Tez Platforms with Rs 1k cr investment

The real estate major based in Mumbai, Hiranandani Group announced the foray into their technology-led consumer services via the new venture ‘Tez Platforms’, it is all set to be launched this year, having an initial outlay of around Rs 1,000 crore.

Over the period of the next two or three years, the group plans to make an additional investment of approximately Rs 3,500 crore in the venture.

The company to have their focus on large-scale opportunities in entertainment, social media, e-commerce, gaming and esports, personal mobility, blockchain-linked solutions, and artificial intelligence.

Hiranandani Group's chief executive officer said that the group has a road map for the launch of two highly sought-after services in 2022. It will be followed by three more in the next year. Tez Platforms to leverage talent and synergies from several Hiranandani Group entities while having aggressive plans for hiring more than 250 employees in Financial Year 2023.

Yotta Infrastructure shall continue to be their vehicle for investing in areas of interconnectivity, cloud computing, enterprise applications, and enterprise cyber security technologies, enhanced by their hyper scale as well as edge data center roll-outs.

Image Source

Also read: Hiranandani, Blackstone Group JV to invest Rs 3k cr

The real estate major based in Mumbai, Hiranandani Group announced the foray into their technology-led consumer services via the new venture ‘Tez Platforms’, it is all set to be launched this year, having an initial outlay of around Rs 1,000 crore. Over the period of the next two or three years, the group plans to make an additional investment of approximately Rs 3,500 crore in the venture. The company to have their focus on large-scale opportunities in entertainment, social media, e-commerce, gaming and esports, personal mobility, blockchain-linked solutions, and artificial intelligence. Hiranandani Group's chief executive officer said that the group has a road map for the launch of two highly sought-after services in 2022. It will be followed by three more in the next year. Tez Platforms to leverage talent and synergies from several Hiranandani Group entities while having aggressive plans for hiring more than 250 employees in Financial Year 2023. Yotta Infrastructure shall continue to be their vehicle for investing in areas of interconnectivity, cloud computing, enterprise applications, and enterprise cyber security technologies, enhanced by their hyper scale as well as edge data center roll-outs. Image Source Also read: Hiranandani, Blackstone Group JV to invest Rs 3k cr

Next Story
Infrastructure Urban

APCRDA Approves Rs 9.04 Bn to Upgrade Infrastructure in 29 Amaravati Villages

The Andhra Pradesh Capital Region Development Authority (APCRDA), chaired by Chief Minister N Chandrababu Naidu, has approved Rs 9.04 billion for addressing key infrastructure gaps in 29 villages within Amaravati’s greenfield capital area, announced Municipal Administration Minister P. Narayana at the 51st CRDA meeting.The funds will be used to upgrade critical facilities including roads, drains, drinking water supply, sewerage systems, and street lighting. A detailed assessment revealed a 30 per cent shortfall in water supply, a total absence of sewerage infrastructure, a 40 per cent defici..

Next Story
Infrastructure Transport

Cabinet Approves Phase-1B of Lucknow Metro Rail Project Worth Rs 58.01 Bn

The Union Cabinet, led by Prime Minister Narendra Modi, has approved Phase-1B of the Lucknow Metro Rail Project in Uttar Pradesh. This phase covers an 11.165 km corridor with 12 stations—7 underground and 5 elevated—extending the city’s metro network to 34 km upon completion.Phase-1B targets the dense, historic parts of Lucknow, enhancing connectivity across key commercial, healthcare, tourist, and culinary hubs. Important areas served include Aminabad, Yahiyaganj, Pandeyganj, Chowk, King George’s Medical University, and landmarks like Bara Imambara and Rumi Darwaza.This expansion prom..

Next Story
Infrastructure Transport

Major Upgrades Planned for Tamil Nadu’s National Waterways

Tamil Nadu is poised for significant infrastructure upgrades across its National Waterways (NWs), with a focus on developing jetties, cargo hubs, and cruise tourism circuits, according to the Ministry of Ports, Shipping and Waterways. These projects aim to promote sustainable inland water transport and boost regional economic activity.Key projects include the development of Buckingham Canal (part of NW-4), with jetties planned at the following locations:Mahabalipuram to Ediyur BridgeCooum River near Marina BeachPulicat LakeEnnore Port to ETPS, specifically for cargo operationsOther National Wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?