Axis MF to launch Rs 15 bn fund, partner Tishman Speyer

28 Jul 2022 CW Team

Axis Mutual Fund will launch a Rs 15 billion alternative investment fund to part finance commercial realty projects in partnership with US realtor Tishman Speyer. These projects will be developed across eight major metros.

The partnership will invest in early-stage or greenfield commercial real estate projects across the Mumbai Metropolitan Region, the Delhi National Capital Region, Bengaluru, Hyderabad, Chennai, Pune, Ahmedabad and Kolkata, Axis Asset Management Company said in a statement.

Since its inception in 1976, the New York-based firm has acquired, developed and operated a portfolio of over 217 million square feet a total value of over $126 billion, spread over 512 assets globally.

Under this agreement, Tishman will be the exclusive development manager of the projects that will be developed under the partnership, and will not have any equity participation, said Ashwin Patni, head of products and alternatives at Axis AMC.

Tishman entered the country in 2010, launching Waverock IT Park in Hyderabad, which houses TCS, Accenture, DuPont and Capgemini, among others. It owns or manages around 4 million sq ft of office space in various cities now.

Patni also said that to part-finance the proposed projects, the fund house is shortly launching a category II alternate investment fund (AIF) worth Rs 15 billion.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..