Westcon Space Acquires 4 Hectares in Pune's Wagholi

18 Feb 2025 CW Team

Westcon Space Private Limited, a subsidiary of Solitaire Group, has acquired nearly 10 acres of land in Pune’s Wagholi area for ?1.29 billion, according to property registration documents reviewed by Propstack.com.

The land purchase, made through four separate transactions on February 6, 2025, involved a total stamp duty payment of ?90 million, along with a registration fee of ?120,000.

The land was sold by the Shitale family and two individuals, Anuradha NDD and Jaymala Navkishore. Attempts to reach Westcon Space and the sellers for comment were unsuccessful.

Wagholi, a northeastern suburb of Pune, is becoming an attractive hub for both residential and commercial investments. Surrounded by prominent IT companies, it is positioned near Kharadi, one of Pune’s busiest commercial districts.

Property rates in Wagholi are also rising, with residential apartments priced around ?10,000 per square foot. Rent for a 2 BHK apartment in the area ranges from ?20,000 to ?30,000 per month, according to local brokers.

This acquisition follows a similar deal in Pune, where Prestige Estates’ subsidiary, Prestige Exora Business Parks Ltd, purchased 4.57 acres in Kharadi for ?2 billion in April 2024.

The demand for land in top cities like Pune has surged by 47% in 2024, with over 2,000 acres of land changing hands across major metropolitan areas, as noted in a CBRE India report.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..