NCW closes PRIME Offices Fund at Rs 40 billion
Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..
Mayfair Housing adopts Autodesk Forma for digital project planning
Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..
Bhadradri Kothagudem Greenfield Airport Proposal Advances
The plan for a greenfield airport for Bhadradri Kothagudem in Telangana has moved closer to realisation after the state government chose two sites following a feasibility study. Seethampeta and Sujathanagar were identified as the most feasible locations based on land, terrain, environmental impact, runway alignment and transport links. The proposal now awaits approval from the Union government. Raj Technologies prepared the feasibility study after examining six potential sites and concluded that around 667 acres can be developed at the two preferred locations without major technical or environ..
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