INDIS raises Rs 1,000 cr from Brookfield for five residential projects

12 Nov 2021 CW Team

INDIS Group has raised Rs 1,000 crore from Brookfield Asset Management Inc for its five residential projects in southern India.

The residential projects have a development potential area of 6.5 million sq ft.

The project's investment has been made through Brookfield's Special Investment (BSI) Fund in the form of structured capital with base returns and an equity upside.

It will catalyse INDIS's strategy of expanding its housing portfolio in the mid-market segment in southern India-based urban regions.

Founder of INDIS Group, G Anand Reddy, said that the BSI investment fund would help to grow its market portfolio of operating projects at a faster speed and also provide more value for the stakeholders and customers. A part of the deal will also give an exit to a few current investors.

INDIS added that the deal provides the company with additional liquidity to promote the development of projects in a strong residential market.

The BSI Fund was made for investing in large-scale, non-control and equity and equity-like investments with a sector agnostic strategy.

Image Source

Also read: Shapoorji Pallonji to raise Rs 3,655 cr, plans clean slate by FY22

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..