Integrow AMC looks to mop up 15000 mn for office realty fund

19 May 2023 CW Team

Integrow Asset Management, a real estate-focused alternative asset management firm, intends to raise more than $15,000 million through a commercial real estate fund to invest in India's top six property markets. The alternate investment fund under category I1 will invest in pre-leased and income-producing assets in Mumbai, Pune, Hyderabad, Bengaluru, Chennai, and the Delhi-National Capital Region.

Integrow Asset Management would be able to construct an investment portfolio worth over 74,000 crores, including leverage possibilities, thanks to the fund. It just gained approval from capital market regulator Sebi for the fund and plans to raise the corpus by the end of this year.

Ashish Mundada, who was recently hired by the business, will lead the new commercial property fund. His almost 20-year career includes a substantial period as director and co-founder of the private debt (infrastructure) platform at global investment firm BlackRock's New York office.

The proposed India Grade A Office Fund will establish Integrow Asset Management India's only real estate-focused multi-fund institution. Create portfolios that include both residential and commercial property. The company has previously formed a residential real estate fund of 71,000 crore in June 2022 and has started investing through it in housing projects in Mumbai, Pune, and other significant cities.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..