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Blackstone Eyes Adani Realty's BKC Tower
Blackstone, a global investment firm, is reportedly in advanced discussions to acquire Adani Realty's office tower located in the Bandra Kurla Complex (BKC) for an estimated Rs 20 billion. If the deal materialises, it would mark another significant investment by Blackstone in India's commercial real estate market.
The BKC office tower, known for its prime location and modern amenities, is considered a prized asset in Mumbai's commercial real estate landscape. Adani Realty, the real estate arm of the Adani Group, developed the property and is now exploring options to monetize its investm..
Blackstone in Talks to Acquire Adani Realty's BKC Office Tower for Rs 2,000 Cr
Blackstone is reportedly in discussions to acquire Adani Realty's office tower in Bandra-Kurla Complex (BKC) for approximately Rs 2,000 crore. If finalised, this deal would mark a significant transaction in the commercial real estate sector.
The potential acquisition highlights Blackstone's continued interest in expanding its presence in India's commercial property market, particularly in prime locations like BKC. Adani Realty's office tower in BKC is considered a valuable asset due to its strategic location and modern amenities.
For Adani Realty, the sale of the BKC office tow..
Mumbai Metro 3 loaded trials set, phase 1 likely operational
Next week marks a significant milestone for Mumbai's Metro 3 project, as loaded trials are set to commence. This crucial phase of testing will pave the way for the operationalization of Phase 1, spanning from Seepz to BKC, with expectations to start by the end of May.
The upcoming loaded trials represent a pivotal stage in the Metro 3 project's journey towards becoming a reality. It involves testing the metro system under actual operational conditions, with trains carrying simulated passenger loads. This rigorous testing process is essential to ensure the safety, reliability, and effici..
NHAI to Offer 12 TOT Bundles
The National Highways Authority of India (NHAI) is gearing up to offer 12 Toll-Operate-Transfer (TOT) bundles this year, aiming to enhance its asset monetisation strategy. These bundles, totalling hundreds of kilometres of national highways, will invite private sector participation to operate and maintain these road stretches.
The TOT model has proven effective in unlocking significant value from India's road infrastructure, providing NHAI with necessary funds to reinvest in further development. Recent TOT awards, including bundles 11 and 12, secured Rs 6,584 crore, covering key stret..
Pune-Mumbai Travel Shortens: Cable Stayed Bridge Completion by 2025
Travelling between Pune and Mumbai is set to become faster and more convenient with the anticipated completion of a cable-stayed bridge by March 2025. This infrastructure marvel promises to significantly reduce travel time, easing the journey for commuters and enhancing connectivity between the two bustling cities. The cable-stayed bridge, with its sleek and modern design, is poised to become a symbol of technological advancement and architectural prowess in the region.
Once operational, the bridge will offer commuters a seamless experience, bypassing congested routes and reducing trav..
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