Ram Walase Named CEO of TransIndia Real Estate
TransIndia Real Estate, a prominent player in the logistics sector, has appointed Ram Walase as its new Chief Executive Officer. This strategic leadership appointment reflects the company's commitment to driving growth and innovation in the real estate segment of the logistics industry.
With extensive experience and expertise in real estate development and management, Ram Walase brings a wealth of knowledge to his new role at TransIndia. His proven track record of leadership and strategic vision positions him well to steer the company towards achieving its business objectives and expand..
India's Office REITs Surge Amid Demand
In response to surging office demand in India, real estate investment trusts (REITs) are rapidly expanding their portfolios through strategic acquisitions. Embassy Office Parks REIT, Brookfield India Real Estate Trust, and Mindspace Business Parks REIT collectively control approximately 100 million square feet (msf) of office space, representing about 12.5% of India's total office stock and boasting a combined market capitalization of $8 billion.
Since its inception in 2019, Embassy REIT has grown its completed area by 47%, increasing from 24 msf to over 45 msf through acquisitions. R..
Eldeco Housing's Q4 FY24 Net Profit Falls 21.54%
Eldeco Housing Industries has reported a significant 21.54% decline in net profit for the fourth quarter of fiscal year 2024. This downturn reflects challenges faced by the company amidst evolving market conditions and economic uncertainties in the real estate sector.
The company attributes this decline to factors such as project delays, cost escalations, and competitive pressures within the industry.
Despite the profit decline, Eldeco Housing remains committed to its strategic goals of delivering quality residential and commercial projects. The company continues to focus on oper..