Maharashtra's Samruddhi Mahamarg to Complete by September 2024

Arkade Buys Filmistan, Plans Rs 30 Bn Project on 4-acre Goregaon Plot

Arkade Developers, a real estate company, has entered into a binding agreement to acquire the entity 'Filmistan Pvt Ltd', for a total outlay of ~Rs 1.83 billion. This acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as ‘Filmistan Studios’.Scheduled for a tentative launch in CY-2026 the planned uber-luxury residential development will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each. With a projected Gross Development Val..

Westermo Opens India Office, Built in Partnership with Space Matrix

Westermo, a global leader in industrial network solutions, has opened its first office in India. Located at Godrej Centre, Hebbal, Bengaluru, the 10,000 sq ft facility was designed and built in collaboration with multinational workplace consultancy Space Matrix. The office marks a key milestone in Westermo’s Asia expansion strategy and is tailored to support innovation, collaboration, and growth. The design of the new workspace blends Westermo’s global industrial brand language with Indian craftsmanship. Developed alongside Westermo’s Swedish branding team, the design incorporates n..

Artha Global Makes India Debut with Rs 7 billion Private Credit Deal

Artha Global Opportunities Fund, one of the largest Category III AIFs based in GIFT City, has announced its first private credit investment in India with an infusion of Rs 7 billion into Phoenix Triton, a 2.8 million sq ft commercial real estate development in Hyderabad’s financial district. The funding is structured as a four-year non-convertible debenture (NCD) with a variable return model linked to the project’s sales performance. With both floor and cap interest rates, the structure aims to reduce cash flow pressures on the developer while offering investors upside aligned with pr..