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Kotak eyes $1 bn fund to invest in residential market in five cities
Real Estate

Kotak eyes $1 bn fund to invest in residential market in five cities

Kotak Investment Advisors, backed by Asia's richest banker Uday Kotak, is trying to raise $1 billion for a new fund focused on residential real estate in India. The Abu Dhabi Investment Authority may contribute $500 million to the property fund, while Allianz SE may contribute $220 million. For the fundraising, Kotak Investment is also in advanced talks with additional investors. According to the individual, Kotak Investment intends to finish its fundraising by the end of this year and to begin investing in residential property in India's top five cities in 2023. Deliberations are still ongoing, and factors like as size and investor lineup may change.

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Kotak Investment Advisors, backed by Asia's richest banker Uday Kotak, is trying to raise $1 billion for a new fund focused on residential real estate in India. The Abu Dhabi Investment Authority may contribute $500 million to the property fund, while Allianz SE may contribute $220 million. For the fundraising, Kotak Investment is also in advanced talks with additional investors. According to the individual, Kotak Investment intends to finish its fundraising by the end of this year and to begin investing in residential property in India's top five cities in 2023. Deliberations are still ongoing, and factors like as size and investor lineup may change. Also Read Dubai mansion in ultra-luxury Palm Jumeirah sold for $82.4 mn! Key Hyderabad road to get a makeover for Formula E race

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Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

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Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

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Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

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