NCW Prime Buys Delhi Office for Rs 7.5 Billion

28 May 2025 CW Team

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

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..