NCW Prime Buys Delhi Office for Rs 7.5 Billion
Real Estate

NCW Prime Buys Delhi Office for Rs 7.5 Billion

NCW Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management Pvt Ltd, has acquired a premium 0.3 million square foot commercial property in South Delhi’s Saket for around Rs 7.5 billion.

The asset, Prius Platinum, was acquired from a Kotak-led consortium that originally took over the property through the Insolvency and Bankruptcy Code process in 2021. Since then, the building has undergone upgrades, sustainability improvements, and operational enhancements, leading to strong leasing activity.

Currently, the property is ninety-five per cent leased, generating rental income of around Rs 50 to 60 million per month. The asset has a weighted average lease expiry of five years and includes tenants from legal, pharma, and financial sectors, offering stable long-term income.

The acquisition aligns with the Prime Offices Fund’s strategy to invest in high-quality, ESG-compliant commercial assets across India’s top markets. This is the fund’s first major investment since receiving Securities and Exchange Board of India approval in 2024 and completing its first close in 2025.

JLL India acted as transaction advisor for the deal. The fund targets institutional-grade income-generating properties and aims to broaden access for domestic investors.

Source: HT Real Estate News 


NCW Prime Offices Fund, managed by Nuvama and Cushman & Wakefield Management Pvt Ltd, has acquired a premium 0.3 million square foot commercial property in South Delhi’s Saket for around Rs 7.5 billion.The asset, Prius Platinum, was acquired from a Kotak-led consortium that originally took over the property through the Insolvency and Bankruptcy Code process in 2021. Since then, the building has undergone upgrades, sustainability improvements, and operational enhancements, leading to strong leasing activity.Currently, the property is ninety-five per cent leased, generating rental income of around Rs 50 to 60 million per month. The asset has a weighted average lease expiry of five years and includes tenants from legal, pharma, and financial sectors, offering stable long-term income.The acquisition aligns with the Prime Offices Fund’s strategy to invest in high-quality, ESG-compliant commercial assets across India’s top markets. This is the fund’s first major investment since receiving Securities and Exchange Board of India approval in 2024 and completing its first close in 2025.JLL India acted as transaction advisor for the deal. The fund targets institutional-grade income-generating properties and aims to broaden access for domestic investors.Source: HT Real Estate News 

Next Story
Real Estate

Dharavi Reimagined Rs 957.9 Billion Makeover

Construction World got a sneak peek at the plan submitted and approved by the Maharashtra Government a few days ago. Here are a few insights from the plan. When we spoke to SVR Srinivas, CEO of the Dharavi Redevelopment Project, last month, the plans were still under wraps. Today, with the development blueprint in hand, the vision is beginning to take shape—with timelines, phases, and goals now clearly defined. Imagine Dharavi in 2031 — no longer a crowded slum but a thriving, green, and modern community with wide walkways, clean parks, and fast metro connections. This dream is becomi..

Next Story
Real Estate

Tall Expectations

Mumbai’s World Trade Centre Tower 1, completed in 1970, marked the start of tall building construction in India, going by the Council on Tall Buildings & Urban Habitat’s definition of tall buildings as structures with a height of at least 150 m. More than half a century later, the country has barely 273 tall buildings by the same definition, according to the CBRE report Sky is the Limit: Rise of Tall Buildings in India.Mumbai remains the centre of tall building construction in India, notes Sailesh Mahimtura, Chairman & Managing Director, Mahimtura Consultants, a fact corrobora..

Next Story
Real Estate

Cool Office

In a city clogged by traffic and long commutes, WoCO One emerges as a sustainable, commuter-friendly workplace. Spread across 3.6 acre, WoCO One (World of Cool Offices) reimagines the modern office for today’s workforce. More than just a place to work, it nurtures wellbeing and collaboration through open, airy layouts, cafés, lush verandas and multifunctional terraces designed to inspire and refresh.“Gurugram is moving towards sustainability and the walk-to-work model aligns seamlessly with that shift,” says Gagan Deep Singh, Founder Director, WoCO...To read read the full story Cli..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?