Brigade Group, Gruhas Launch Rs 3 Bn Earth Fund for PropTech & Sustainability

19 Mar 2025 CW Team

Brigade Group and Gruhas, the investment arm of Nikhil Kamath and Abhijeet Pai, have partnered to launch The Earth Fund, a Rs 3 billion investment initiative supporting startups in real estate, construction, and PropTech. This SEBI-registered Rs 2 bn Category II AIF, with a Rs.100 crore green-shoe option, aims to drive innovation and sustainability in India’s built environment.

Earth Fund will invest USD 1-2 million in Pre-Series A and Series A startups with proven market fit, targeting 10-15 companies innovating in UrbanTech, climate tech, clean energy, and smart mobility. Brigade’s deep real estate expertise and Gruhas’ investment acumen will provide industry integration, market access, and strategic growth support.

Nirupa Shankar, Joint MD, Brigade Enterprises Ltd., emphasized Earth Fund’s focus on bridging traditional real estate with cutting-edge technology, leveraging Brigade REAP’s experience in accelerating UrbanTech startups. Abhijeet Pai, Co-Founder, Gruhas, highlighted the fund’s role in modernizing India’s built environment, supporting ventures in AI-driven urban planning, green buildings, and smart infrastructure.

The fund’s first investments are expected to be announced soon.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..