Rising Sun Holdings Acquires Pune Office

26 Sep 2024 CW Team

Rising Sun Holdings, a company co-owned by billionaire Adar Poonawalla, has successfully acquired a substantial office space in Pune forRs.395 crore. This commercial real estate purchase is located in the Cerebrum IT Park, situated in the bustling Hinjewadi IT hub. The acquired property spans a total area of approximately 2.2 lakh square feet, distributed across four floors, with a carpet area of around 1.75 lakh square feet

The deal also includes provisions for parking, accommodating up to 218 vehicles. This acquisition reflects the growing demand for quality office spaces in Pune, particularly in areas known for their IT infrastructure. The purchase is indicative of Rising Sun Holdings' commitment to expanding its presence in the commercial sector amid a recovering post-pandemic economy

The seller of this property, Zawareh Soli Poonawalla, is a brother of Adar Poonawalla, highlighting the family ties within this significant transaction. With Pune emerging as a pivotal location for IT and other tech-related industries, this investment is poised to contribute to the ongoing development and modernization of the city's commercial landscape As the market for commercial real estate continues to evolve, Rising Sun Holdings' latest acquisition positions it strategically within one of India's key business hubs, aligning with broader trends in the sector. This investment not only showcases the confidence in Pune's economic prospects but also reinforces the growing influence of local enterprises in shaping the commercial real estate landscape

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..