BHIVE: raise Rs 400 crore coworking-focused AIF CAT-2 fund

18 Aug 2023 CW Team

To support its expansion, Bengaluru-based coworking company BHIVE wants to raise Rs 400 crore for a CAT-2 alternative investment fund (AIF).

A series of fully finished commercial real estate assets in enviable locations with clear titles, occupancy certificates, and a capex will be purchased by the new fund that is being proposed. The previous year has seen BHIVE solidify its position as Bengaluru's top co-working provider, completing deals worth more than Rs 200 crore.

"The number of AlFs in India has increased exponentially. In contrast to a decade ago, when overseas investors were financing India's AlFs, an increasing number of indigenous investors are now supporting their expansion. The BHIVE's founder and CEO, Sheshagiri Rao Paplikar, said, "We see a big opportunity in this market and will be aggressive with our plans as we embark on the next growth phase of the organization.

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..