Nuvama-C&W Fund Buys Chennai Office Campus for Rs 25.50 Bn

01 Oct 2025 CW Team

Nuvama and Cushman & Wakefield-backed realty fund has acquired a 24-lakh sq ft office campus in Chennai from Singapore-based Keppel group for Rs 25.50 billion, marking one of the largest office space deals in the city.

The transaction was executed by Nuvama and Cushman & Wakefield Management (NCW), a 50:50 joint venture between Nuvama Asset Management and global real estate services firm Cushman & Wakefield. The acquisition was made through NCW’s flagship vehicle, the Prime Offices Fund (PRIME), which had marked its first close earlier in 2025.

The fully acquired asset, located in Porur, Chennai, was purchased from Keppel’s real estate division for approximately Rs 2,550 crore. Spread across 2.4 million sq ft, the campus significantly enhances the fund’s portfolio of institutional-grade commercial assets in India.

PRIME is focused on investments in premium commercial office properties across key high-growth micro-markets in the country. This marks the fund’s second major acquisition since its inception.

Commenting on the transaction, Gaurav Puri, Chief Investment Officer, NCW, said: “This second acquisition under PRIME is a strong validation of our strategy and execution. With this, we are reinforcing our commitment to building a portfolio that reflects the evolving priorities of global occupiers: sustainability, agility, and institutional-grade quality.”

News source: Business Standard

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..