SILA buys Forbes Facility Services from Shapoorji Pallonji Group

25 May 2022 CW Team

A real estate platform, SILA, has acquired Forbes Facility Services from the Shapoorji Pallonji Group in an all-cash contract.

With this purchase, SILA's facilities management services business will boost its presence in North India and broaden its service offerings, including catering.

SILA co-founder & CEO Rushabh Vora told the media that this contract would also support expanding our portfolio within the high-growth sectors of Industrial, Manufacturing & Warehousing across India.

The combined entity is anticipated to clock over Rs 600 crore in revenue this year and will be handling over 100 million sq ft of real estate, with over 15,000 employees across India, the company said.

The firm has been a Shapoorji Pallonji group which provided a rich background of policies, lineage, and support. With this agreement, the company now looks forward to collaborating with SILA, a progressive company that has risen rapidly, said Vinay Deshmukh, CEO of Forbes Facilities Services.

Over the last decade, SILA has increased at a compound annual growth rate (CAGR) of over 60%. SILA is confident of keeping a high-growth rate through organic and inorganic opportunities such as the agreement with Forbes facilities management.

SILA, a real estate platform initiated in 2010, is backed by Norwest Venture Partners and Samara Capital Group in their real estate services and development and asset management arms, respectively.

SILA has advised on over $1.5 billion of real estate transactions for large global and domestic budgets and served as development manager for projects with a gross development value of over Rs 15 billion in the Mumbai Metropolitan Region (MMR).

Image Source

Also read: Shapoorji Pallonji to raise $375 mn via luxurious realty properties

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..