Are Flats for Sale in Perungudi a Smart Choice for City Living?

Are you in search of a neighbourhood in Chennai that offers the perfect blend of convenience, tranquillity, and long-term growth potential? Perungudi strikes a balance between the city’s vibrant core and its quieter edges, providing easy access to both work and leisure without the congestion of central Chennai. This unique combination is making it an increasingly popular choice for first-time homebuyers and investors.

If you are considering various neighbourhoods in Chennai, Perungudi should be at the top of your list. With its potential for long-term value and a lifestyle that supports both work and leisure, it could be the perfect place for your next home. Keep reading to discover what makes Perungudi an ideal choice for you.

Connectivity, Liveability, and Everyday Convenience

Perungudi's location along key city routes gives it an edge with daily travel and lifestyle comfort. Homebuyers who evaluate commute time and access to essentials often find the area a practical choice for long-term living.

Commute Advantages for Chennai's IT and Business Workforce

Perungudi's strategic position on Old Mahabalipuram Road (OMR) makes it highly convenient for professionals. It offers easy access to major IT hubs such as Tidel Park and SIPCOT, reducing daily travel time and helping residents maintain a better work-life balance.

The well-developed transportation network, with frequent buses and metro connectivity, makes commuting to other parts of Chennai easier and more predictable. For many homebuyers exploring flats for sale in Perungudi, this direct connection to employment centres is a key deciding factor.

Access to Schools, Healthcare, and Daily Needs Within Short Reach

Over the years, Perungudi has transitioned from an industrial pocket to a mixed-use neighbourhood with residential and commercial developments. Supermarkets, clinics, local shops, and recreational avenues are now within convenient reach.

This combination of quiet suburban character and modern conveniences has made Perungudi a practical option for flats in Chennai. Homebuyers who want a balance between affordability, connectivity, and everyday comfort often shortlist flats in Perungudi early in their search.

Essential Features and Lifestyle Amenities in Perungudi Flats

Flats for sale in Perungudi are designed to match the needs of modern households. Beyond location, homebuyers increasingly assess project features, safety, community facilities, and the overall living experience before making a decision.

Core Utilities, Safety Features, and Building Management Standards

Many residential complexes in Perungudi emphasise essential features that support secure, hassle-free living. Gated security, power backup, and 24/7 water supply are common inclusions that help residents feel more at ease.

Reliable building management, timely maintenance support, and organised common areas further contribute to a smoother day-to-day experience. For homebuyers comparing different flats in Perungudi, these practical aspects often carry as much weight as the carpet area or layout.

Recreation, Wellness, and Community Spaces that Enhance Quality of Life

Lifestyle amenities are another strong reason why flats in Perungudi attract homebuyers. Outdoor facilities such as cycle tracks, pedestrian pathways, and landscaped zones encourage residents to stay active and spend more time outside their homes.

Access to clubhouses and fitness-oriented spaces, such as gyms, yoga rooms, and indoor games, supports health and wellness goals. Features like a swimming pool, rock garden, hammock garden, and thoughtfully planned sit-out spaces help families and individuals unwind after a busy day.

This blend of comfort, security, and leisure makes many flats for sale in Perungudi feel like complete lifestyle addresses rather than just living spaces.

Assessing Pricing, Long-term Value, and Rental Scope in Perungudi

Pricing is a key factor for most homebuyers, especially when comparing different micro-markets in Chennai. Perungudi has gained attention for offering a mix of budget-friendly options and future growth potential.

Affordable Living Without Compromise

Compared to central neighbourhoods in Chennai, flats for sale in Perungudi are often more affordable. Homebuyers can secure spacious homes with modern features at comparatively reasonable rates.

For many, this means they do not have to compromise heavily on location or amenities to stay within budget. With careful planning, homebuyers can find flats in Perungudi that align with both their present financial comfort and long-term housing goals.

Infrastructure Growth Supports Appreciation and Rental Demand

Perungudi's appeal is strengthened by ongoing and planned infrastructure growth. New commercial spaces, educational institutions, and shopping centres have contributed to steady demand in the locality.

As the area continues to develop, flats in Perungudi have the potential to see appreciation over time. The presence of IT parks and business centres nearby also translates into consistent rental demand. Investors looking at flats for sale in Perungudi often see the combination of capital growth and rental income as a strong advantage.

Which Buyer Segments Gain the Most from Flats in Perungudi

Flats for sale in Perungudi suit different life stages and priorities. From early-career professionals to families and retirees, the area offers housing options that can adapt to changing needs.

Professionals and First-time Homebuyers Seeking Stability Near Work

For young professionals, living closer to major employment hubs can reduce commute fatigue and free up more personal time. Flats in Perungudi enable them to stay near key IT and business centres while enjoying a planned residential environment.

Many projects feature practical layouts, making it easier for new homebuyers to step into homeownership with confidence.

Families, Retirees, and Remote Workers Prioritising Comfort and Balance

Families often look for neighbourhoods that offer access to schools, healthcare, parks, and safe community spaces. Perungudi's evolving social infrastructure and residential complexes with child-friendly and family-centric amenities help meet these expectations.

Retirees and remote workers can also benefit from the quieter surroundings, green pockets, and co-working or work-from-home-friendly spaces that some projects offer. Overall, flats in Perungudi support a lifestyle where daily convenience and comfort stay at the forefront.

For homebuyers exploring a house for purchase in Chennai, Perungudi presents a perfect blend of urban connectivity and serene, residential living. It offers a peaceful retreat without compromising on convenience, making it an ideal location for those seeking spacious villas in a well-connected neighbourhood.

Choose the Right Flat for Sale in Perungudi Today

Flats for sale in Perungudi present a compelling option for homebuyers seeking a convenient, well-connected, and modern living space. The locality's infrastructure growth, proximity to key work hubs, and expanding social amenities make it suitable for both end-use and investment.

As you evaluate options, compare projects carefully based on location within Perungudi, amenities, layout, and long-term plans. Builders like Casagrand are contributing to the area's residential landscape with high-quality, feature-rich flats that cater to diverse needs.

RealVantage Secures Majority Stake in £14M Acquisition of Manchester’s Grade II-Listed Heathcote Hotel with Oberland

Global real estate investment platform RealVantage (‘RealVantage’, ‘the Company’) – which operates as RV SG Pte. Ltd., a private limited company regulated by the Monetary Authority of Singapore and holds a Capital Markets Services license – is pleased to announce that the Company has completed an off-market acquisition of Grade II-listed heritage hospitality asset The Heathcote Hotel (formerly ABode Manchester) in a 2nd collaboration with London-based real estate investor and asset manager Oberland. The transaction represents a total capitalization of GBP 14 million; which effectively translates to a new capital stack alignment with RealVantage taking up a majority 85 per cent equity interest with 15 per cent held by Oberland.

“A core pillar of this opportunity is significant sponsor capital commitment by Oberland and co-investment together with RealVantage; demonstrating a shared investment philosophy centered on value-add strategies, disciplined asset management, and long-term capital growth,” according to RealVantage co-founder and chief executive officer Keith Ong. “With a soft launch targeted for October 2026, active asset management will commence thereafter. RealVantage will then undertake investment monitoring and oversight responsibilities; with a focused 12 to 18 month asset management period aimed at optimising operating performance and value realisation.”

The Heathcote Hotel investment opportunity is projected to deliver to RealVantage’s platform investors a targeted 16 per cent net internal rate of return over an expected investment period of 36 months. Located in prime central Manchester, Greater Manchester, England, the United Kingdom, The Heathcote Hotel transaction further exemplifies RealVantage’s strong track record and ability in sourcing differentiated off-market opportunities, originate structure aligned partnerships, execute disciplined, value-accretive repositioning and institutional-grade asset management strategies in gateway markets; and deploy capital alongside experienced local partners.

With Oberland committing meaningful capital alongside RealVantage and its pool of private wealth investors and platform members, the structure demonstrates clear alignment of interests, downside discipline, and long-term value orientation. The new ownership structure reflects a conservative underwriting approach; prioritising capital preservation while targeting attractive risk-adjusted returns. The investment is underwritten via RealVantage’s disciplined risk framework; targeting downside protection through prudent capital structuring and value creation while positioning The Heathcote Hotel for medium-term income growth and potential yield compression in Manchester – a global gateway city.

History

Built in 1899 by influential Mancunian architect Charles Henry Heathcote, The Heathcote Hotel is a Jacobian-Baroque styled red brick and sandstone structure with tall arched windows, and ornate stonework. Resplendent of Manchester’s industrialization during the 1800s, The Heathcote Hotel was originally designed and built as a packing warehouse and showroom with offices for cotton manufacturer Sparrow Hardwick & Company.

Asset overview

The Heathcote Hotel, formerly Abode Manchester and a freehold Grade II-listed heritage hospitality asset, is located at 107 Piccadilly, Manchester, Greater Manchester, England, the United Kingdom. Upon completion, The Heathcote Hotel will increase its room count from 61 to 78 keys. The Heathcote Hotel’s net floor area is approximately 50,000 square feet.

Project timeline

“The Heathcote Hotel will undergo a comprehensive revamp aimed at enhancing asset value, upgrading guest experience, and strengthening its competitive positioning within the local hospitality market,” states Keith. “RealVantage’s heritage-centric value creation and repositioning strategy for The Heathcote Hotel combines thoughtful preservation of historical architectural elements paired with modern amenities and facilities in order to capture premium demand from leisure and business travelers.”

Appointed hotel operator

Hotel and serviced apartment investment specialist and manager C1 Capital is the appointed hotel operator when The Heathcote Hotel reopens. C1 Capital currently manages seven hotels throughout the UK comprising 1,300 bedrooms with a capital value of over GBP 500 million and an annual turnover in excess of GBP 80 million.

Bharat Nav‑Nirmaan Challenge 2025: NICMAR’s Nationwide Contest for Civil & Architecture Students

NICMAR, India’s premier and dedicated institution for Construction, Real Estate, Infrastructure and Project Management education (CRIP), has announced the launch of the Bharat Nav-Nirmaan Challenge, a nationwide initiative aimed at encouraging undergraduate students in solving real-world challenges linked to India’s built environment and nurture breakthrough ideas that can transform the country’s infrastructure landscape.

This one-of-a-kind challenge offers prizes worth Rs 30 lakh and is supported by the All India Council for Technical Education (AICTE). The Bharat Nav-Nirmaan Challenge is open to students in Final and Pre-Final year of civil engineering, architecture, planning and allied disciplines across Indian colleges and universities. Designed as a structured, multi-stage programme, it provides participants with an opportunity to apply their technical learning to practical infrastructure issues while gaining exposure to the academic and industry ecosystem that supports India’s infrastructure development.

Welcoming the Bharat Nav-Nirmaan Challenge as an opportunity for budding students to bring their creative and practical knowledge in one platform, Dr Tapash Kumar Ganguli, Director General (Interim), NICMAR said, “India is entering its most ambitious decade of infrastructure expansion and the demand for skilled problem-solvers with engineering foundations has never been higher. The Bharat Nav-Nirmaan Challenge is our commitment to empower young minds to be part of our nation’s future infrastructure story. India needs innovative thinkers and this platform gives students a meaningful starting point to explore their interests and contribute ideas that align with the country’s development priorities.”

With free registration, student groups comprising of three members (pre-final or final year students), can apply through their colleges. Interdisciplinary approach is encouraged with the requirement of at least two members from civil engineering, architecture or allied disciplines. Participating student groups must submit a brief concept outlining their solution to an infrastructure-related problem.

The Challenge follows five structured stages, College-Level Round, Online Submission Round, City Finale, Regional Finale, and the Grand Finale which will be held in Mumbai. One winning team per college qualifies for the next round, where selected teams enter a national pool to submit detailed proposals. These proposals will form the first layer of evaluation for the jury. This is followed by the City Finales, hosted across key urban centres, where winners will progress to Regional Finales, hosted at NICMAR campuses in Pune, Hyderabad, and Delhi-NCR. One regional winner from each region will participate in the National Grand Finale in Mumbai.

The winners of the Bharat Nav-Nirmaan challenge will receive exciting set of rewards such as infrastructure excellence tour to Dubai, MacBooks, VR headsets, drone trophies and more.

Throughout the contest, participants will gain access to mentorship from NICMAR experts, workshops with engineers, planners, and innovation leaders. Submissions may focus on areas such as construction technology, sustainability, digital construction, mobility, housing, or urban development. Shortlisted teams will be paired with NICMAR faculty and industry mentors to refine their ideas and strengthen feasibility.

RealVantage Secures Oversubscribed USD 10M Series A at USD 70M Valuation

Global real estate investment platform RealVantage @ www.realvantage.co – which operates as RV SG Pte. Ltd., a private limited company regulated by the Monetary Authority of Singapore and holds a Capital Markets Services licence – has announced a USD 10 million Series A fundraise oversubscription, USD 70 million valuation well supported in excess. Overspill in demand from investors include 3 family offices such as the family office of leading integrated property group SoilBuild being met by some secondary tranches; enabling dedicated staff of the fast-growing fintech company to receive some liquidity.

States Keith Ong, co-founder and chief executive officer of RealVantage:

The strong vote of confidence from new investors reinforces our mission: to continue advancing our mandate of making institutional-grade real estate investing far more accessible, transparent and rewarding for everyone across the globe

Since inception in April of 2019, RealVantage has raised more than SGD 400 million investment monies and completed more than 130 deals across seven global markets; including its latest expansion into South Korea. The platform has built a rapidly-growing following of over 10,000 members from 58 countries, spanning institutions, listed companies, family offices, accredited investors and mass-affluent individuals. Some of its operating partners include leading global developers and asset managers such as Greystar, ESR and Investcorp.

Proceeds from the fundraise will be deployed into three key areas:

• New investment products including thematic funds.
• Advancing RealVantage’s AI-powered platform.
• Regional growth beginning with Hong Kong SAR.

RealVantage has already taken its first major step regionally through a joint venture in Hong Kong SAR with a consortium of established real estate partners and a prominent family office. The Hong Kong business will be led by Ivan Ho, former chief executive officer of KaiLong REI; with former Standard Chartered senior banker Edmund Ho providing strategic guidance.

Adds Lim Han Feng, a director at leading integrated property group Soilbuild Group Holdings Ltd (‘SoilBuild’) and a participating investor through SoilBuild’s family office: “RealVantage is bringing a fresh, disciplined and investor-aligned approach to real estate investing. I appreciate the team’s rigour, transparency and strong deal-making capabilities. Their platform fills a real gap in the market and I’m confident they are poised for even greater growth.”

Mitsui, Sumitomo Lead Japan’s Push Into India’s $1 Trillion Realty Future

Japanese property developers like Mitsui Fudosan and Sumitomo Realty are accelerating investments in India, drawn by rising office rents, low construction costs, and the country’s fast-growing economy.

Why Japan is Betting Big on Indian Real Estate

• Mitsui Fudosan, Japan’s largest property developer, entered India in 2020 through a partnership with RMZ Real Estate in Bengaluru. It is now considering fresh investments worth ¥30–35 billion ($190–225 million) in new projects.
• In November 2025, Mitsui’s management team visited Mumbai and Delhi NCR to scout opportunities, signaling a long-term commitment.
• Sumitomo Realty and other Japanese developers are also exploring India, encouraged by surging office rents and comparatively low building costs.

Drivers of the Push

• Booming economy: India’s GDP growth and expanding corporate footprint are fueling demand for office and residential spaces.
• Rising rents: Commercial rents in major hubs like Bengaluru, Mumbai, and Gurugram are climbing, offering strong returns.
• Low construction costs: Compared to Japan and other Asian markets, India offers cheaper development costs, improving margins.
• Private credit inflows: India has become Asia’s hub for private credit, delivering 12–21% IRR for investors, which makes real estate particularly attractive.

Challenges & Risks

• Regulatory complexity: India’s real estate sector is notorious for bureaucratic hurdles and compliance issues.
• Market volatility: While demand is strong, oversupply in certain segments (luxury housing, office parks) could dampen returns.
• Labour law changes: New labour codes effective in late 2025 may reshape construction costs and workforce management.

Strategic Outlook

• Japanese developers are not just chasing short-term gains—they see India as a long-term growth market, potentially rivaling Southeast Asia.
• With India’s real estate sector projected to grow from $385 billion in 2024 to $1 trillion by 2030, their timing aligns with a transformative phase in the industry.

Japanese developers are pursuing a cautious but deepening entry into India’s property market, while Singaporean firms are scaling aggressively with institutional capital and Korean investors are building cultural-industrial hubs.

🇯🇵 Japan’s Strategy

• Key players: Mitsui Fudosan, Sumitomo Realty.
• Approach: Incremental investments (¥30–35 billion / $190–225 million) in office complexes and partnerships with local developers.
• Focus: Commercial real estate (office parks in Bengaluru, Mumbai, Delhi NCR).
• Style: Conservative, project-by-project expansion, testing regulatory waters before scaling.
• Risk posture: Careful navigation of India’s bureaucratic hurdles and labour law changes.

🇸🇬 Singapore’s Strategy

• Key players: CapitaLand Investment, Lighthouse Canton.
• Scale: CapitaLand plans to invest ₹90,200 crore (~$14.8 billion) by 2028, doubling its funds under management in India.
• Lighthouse Canton: Targeting $1.5 billion in India, split between private credit ($1 billion) and real estate ($500 million).
• Focus: Institutional-grade assets, private equity in real estate, and large-scale fund management.
• Style: Aggressive scaling, leveraging Singapore’s global capital networks.
• Risk posture: Higher tolerance, betting on India as a top global play for alternatives.

🇰🇷 Korea’s Strategy

• Key players: Hyundai, LG, Samsung, Mirae Asset, plus niche developers.
• Scale: Smaller M&A footprint (USD 228 million in 2024), but strong industrial presence.
• Unique hub: “Mini Korea” in Talegaon (near Pune), blending cultural identity with real estate growth.
• Focus: Industrial parks, manufacturing-linked real estate, expat communities.
• Style: Community-driven, tied to industrial expansion and cultural soft power.
• Risk posture: Moderate—less speculative, more tied to operational expansion and diaspora needs.

Comparative Divergence

Country	Scale of Investment	Focus Areas	Style of Expansion	Risk Posture
Japan	$190–225M (per project)	Office complexes, commercial	Incremental, cautious	Conservative, regulatory-sensitive
Singapore	$14.8B (CapitaLand by 2028); $1.5B (Lighthouse)	Institutional real estate, private credit	Aggressive, fund-driven	High tolerance, global capital play
Korea	$228M (2024 M&A) + industrial hubs	Industrial parks, expat communities	Community + industry-led	Moderate, tied to manufacturing

Strategic Insight

• Japan: Testing waters, prioritizing stability and long-term partnerships.
• Singapore: Treating India as a core global growth market, scaling aggressively with institutional capital.
• Korea: Building industrial-cultural ecosystems (like Talegaon’s “Mini Korea”), less about speculative returns, more about embedding presence.

Japan’s risk-managed entry contrasts sharply with Singapore’s capital-heavy bets and Korea’s community-industrial integration. 

Sarvam Properties Secures Strategic Funding, Launches ₹300 Cr AI Platform ‘Assure X’ for Developers

Sarvam Properties, a Mumbai-based real-estate solutions firm, has raised strategic equity funding from Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, founders of PharmEasy and All Home, along with a select group of angel investors across India.

Coinciding with the fundraise, the company announced the launch of Assure X, a ₹300 crore AI-powered initiative designed exclusively for developers partnering with Sarvam. The platform integrates high-performance sales execution with on-demand liquidity support, offering a structured mechanism for predictable project cash flows within Mumbai’s real estate ecosystem.

The fundraise marks a major step in Sarvam’s plan to address a long-standing challenge in Mumbai’s real-estate market. Developers often face liquidity strain between sales progress and cash-flow realization. When inflows lag construction schedules, even projects with strong demand can experience delays. Assure X addresses this challenge by using real-time sales data and predefined liquidity triggers to anticipate funding gaps and facilitate timely capital infusion, ensuring steady project execution. The alignment of performance metrics with prompt capital access enables developers to maintain execution pace and meet delivery timelines.

Reflecting on the milestone, Manan Joshi, Founder of Sarvam Properties, said: “Our goal has always been to make real-estate execution as cohesive and dependable as the assets it produces. Assure X is an extension of that belief. It is a framework that converts market complexity into measurable order. For developers, it means working within a system where progress and liquidity move in tandem.”

The capital raise will enable Sarvam to strengthen its operating framework and extend its reach across Mumbai’s development corridors. The company plans to expand its technology infrastructure, deepen advisory capabilities, and build specialist teams for project strategy and customer engagement.

Speaking on Sarvam’s operational approach, Monty Joshi, Co-Founder of Sarvam Properties, said: “Technology has always been central to how we operate. With Assure X, we are extending that approach, using AI not as a label but as a tool that brings clarity, precision, and speed to project execution, positioning Sarvam as a dependable ally for developers focused on efficiency and timely delivery.”

The equity participation highlights investor conviction in analytics-led, accountable practices within real estate, in line with Sarvam’s plan to professionalize developer services.

Commenting on investor interest, Dhaval Hemani, Co-Founder of Sarvam Properties, said: “We are privileged to partner with founders who have built some of India’s notable digital enterprises. Their entrepreneurial vision and disciplined approach bring perspective that extends well beyond capital, helping us scale responsibly and deliver measurable efficiency.”

Recent industry reports indicate that equity investments in Indian real estate rose 48% to about $3.8 billion in Q3 FY25, signalling renewed investor activity in the real estate sector. As this trend gathers pace, Sarvam is contributing to a more organized and performance-led developer ecosystem through initiatives such as Assure X.

About Sarvam Properties

Sarvam Properties is a Mumbai-based real estate consultancy serving clients across India and international markets. The firm’s mission is to make property transactions efficient and transparent, while maintaining the highest professional standards. With a clientele that includes individual homeowners, developers, investors, and corporate tenants, Sarvam Properties has established a reputation built on credibility and consistent service delivery. The company’s offerings combine competitive pricing, quick possession, and a zero-brokerage advantage, positioning it as a trusted partner in Mumbai’s residential and commercial property segments.

Adani Group Moves to Acquire Sahara’s Premium Assets Pending Court Nod

Image - Bloomberg

The Adani Group is preparing to acquire four marquee properties from the beleaguered Sahara Group in a deal estimated at ₹5,000 crore, pending Supreme Court approval, said a report exclusive to India Today. Here's a breakdown of the situation and what it could mean:

The Four Flagship Properties

• Aamby Valley: A luxury township near Lonavala
• Hotel Sahara Star: A prominent hotel near Mumbai airport
• Sahara City Homes (Lucknow): A large-scale residential project
• Sahara Mall (Gurgaon): A commercial property in a prime location of Gurugram. 

These assets are part of a broader package of 87–88 properties Adani seeks to acquire, including hotels, malls, and land parcels across India.

Legal and Financial Hurdles

• The Supreme Court is overseeing the transaction due to Sahara’s long-standing legal battles over investor refunds.
• The Employees’ Provident Fund Organisation (EPFO) has issued a ₹1,567 crore notice to Adani, demanding settlement of Sahara’s unpaid PF dues before the acquisition proceeds.
• Adani may need to provide an undertaking to clear these dues post-acquisition if not settled upfront.

Strategic Implications

• For Adani, the acquisition aligns with its strategy to expand its real estate and hospitality footprint.
• For Sahara, this could be a final attempt to resolve its decade-long financial crisis and repay investors.

The goal of this possible acquisition is said to help Sahara repay ₹9,000 crore in investor dues, stemming from a long-running Supreme Court-monitored dispute over illegal bond schemes.

As mentioned above, the EPFO has issued a ₹1,567 crore notice to Adani, citing unpaid PF dues by Sahara entities dating back to 1982. Under Indian law, Adani must either settle these dues before acquisition or provide a binding undertaking to pay them afterward.

The Supreme Court bench led by Chief Justice B.R. Gavai is reviewing the proposal. It has directed the Ministry of Finance and Ministry of Cooperation to be impleaded, given the scale and complexity of the case. The court emphasized that Sahara employees, many unpaid since 2014, must be considered before any deal is finalized.

The acquisition would significantly expand Adani’s real estate footprint, especially in high-value urban and resort zones. Adani Properties Pvt. Ltd., the group’s unlisted real estate arm, is leading the bid.

Adani Airports Launches ₹20,000 Crore Cityside Development Drive, Anchored by Mega Projects in Mumbai Region

In a bold move to reshape India’s airport infrastructure and revenue model, Adani Airports has unveiled a ₹20,000 crore cityside development programme, with nearly ₹14,000 crore earmarked for large-scale real estate ventures near Mumbai and Navi Mumbai airports. The initiative marks a strategic pivot toward boosting non-aeronautical revenues, which the group aims to grow to 70% of total income by 2030, up from the current industry average of 50%.

Mixed-Use Airport Cities Inspired by Global Models

The centrepiece of this transformation is a 240-acre mixed-use development at the upcoming Navi Mumbai International Airport, scheduled to begin operations in October. The first phase, spanning 50 acres, will feature:

• Five hotels with a combined 1,000 rooms
• A high-capacity shopping mall
• Three premium office towers
• Service apartments integrated with hotel facilities

Inspired by global airport cities like Amsterdam’s Schiphol, Zurich’s The Circle, and Sydney Airport, Adani’s model aims to create walkable business districts that serve both travelers and local residents.

Strategic Shift Toward Commercial Real Estate

The cityside programme spans 655 acres across eight airports, but Mumbai and Navi Mumbai will receive nearly 70% of the total investment. According to Amit Grover, CEO of City Side Development at Adani Airports, the goal is to flip the traditional airport revenue model, making retail, hospitality, and real estate the primary growth drivers.

Financing and Growth Momentum

To fund the expansion, Adani Airports recently raised $750 million through external commercial borrowings, aimed at refinancing debt and scaling up its retail, F&B, and duty-free operations. The airport business reported ₹2,715 crore in revenue for Q1FY26, marking a 25% year-on-year growth, driven by higher passenger footfalls and stronger commercial leasing.

Urban Impact and Future Outlook

Industry analysts suggest that Adani’s cityside developments could transform surrounding regions into high-demand real estate corridors, positioning airports as economic and cultural anchors rather than mere transit hubs. The projects are expected to integrate green building standards, pedestrian-friendly layouts, and long-term lease opportunities for corporate tenants and hospitality brands.

With construction advancing rapidly, Mumbai and Navi Mumbai are poised to lead India’s evolution toward global-style airport business hubs, redefining how cities interact with transport infrastructure.

Adani’s Manorview Developers to Build Paytm’s IT Complex in Noida

Adani Group's Manorview Developers will develop IT and ITes complex of fintech firm One97 Communications, which owns Paytm brand, in Noida, the company said in a regulatory filing.

Here's a detailed breakdown of the latest development involving Adani Group and Paytm:

Project Overview

• Developer: Manorview Developers Pvt Ltd, a wholly-owned subsidiary of Adani Infrastructure and Developers.
• Client: One97 Communications Ltd, the parent company of Paytm.
• Location: Sector 159, Noida.
• Size: 10-acre plot allotted by the Noida Authority in 2018.
• Purpose: Construction of an advanced IT and IT-enabled services (ITES) complex to support Paytm’s long-term tech operations.

Shift in Development Strategy

• Original Plan: Paytm had entered a Joint Development Agreement (JDA) with ACE Builders and Promoters in January 2024.
• ACE was expected to raise capital and lead the development.
• Why the Change?: The JDA with ACE Builders was scrapped due to non-compliance with Noida rules and byelaws.
• New Approach: Paytm will now develop the project independently, appointing Manorview Developers as the Engineering, Procurement, and Construction (EPC) contractor.

Strategic Implications

• Signals Paytm’s commitment to expanding its tech infrastructure.
• Strengthens Adani Group’s footprint in digital infrastructure and fintech collaboration.
• Expected to boost local employment and contribute to Noida’s growing tech ecosystem.

India’s fintech infra is maturing from fragmented innovation to institutional-grade development, with players like Adani entering the fray. Paytm’s move signals a shift from startup-style agility to enterprise-grade infrastructure, aligning with global fintech maturity trends. Adani’s involvement could catalyze more private-sector participation in fintech infra, especially in Tier-1 cities.

Is It Worth Buying a 3BHK for Sale in Chennai as a First Home?

You’ve saved up for your first home and narrowed down your choices. Now, the big question: should you go for a 2BHK or stretch a bit for a 3BHK in Chennai? It’s a dilemma many first-time homebuyers face. On one hand, a 2BHK might be more budget-friendly, but on the other, a 3BHK could offer more space and room for growth. So, which one is the right fit for you?

Chennai, with its bustling real estate market and diverse neighbourhoods, offers a range of options, including 3BHK in Chennai. But is it worth stretching your budget for the extra space?

In this blog, we’ll explore the factors to consider when deciding on a 3BHK in Chennai, with a focus on key areas like cost, location, and long-term value. Let’s find out if investing in a 3BHK is the smarter move for you.

Why Buy a 3BHK in Chennai?

When looking for your first home, a 3BHK in Chennai can offer a lot of benefits. Whether you're a young professional, a growing family, or someone looking for more space, a 3BHK might be the perfect fit for your needs.

Space and Comfort

One of the key reasons many homebuyers choose a 3BHK is the generous space it offers. With three bedrooms, a spacious living area, a functional kitchen, and often added features like a balcony or utility space, it provides enough room to meet the needs of a growing family. Whether it’s creating a separate study area, setting up a home office, or simply enjoying more breathing space, a 3BHK gives you the flexibility to live more comfortably. For those exploring flats in Sholinganallur, this layout is especially popular, offering a practical balance between space, comfort, and long-term value.

Long-term Investment

Real estate in Chennai has long been seen as a stable and rewarding investment option. Over the years, property values have shown consistent growth, making it a reliable choice for those thinking long term. Purchasing a 3BHK now can offer promising returns, whether through future resale or rental income.

Areas with strong infrastructure and good connectivity tend to attract steady demand, and this is especially true for emerging neighbourhoods. For example, flats in Sholinganallur have become increasingly popular due to the area's rapid development, IT hubs, and improved transport links. Investing in such a location not only ensures better living standards but also boosts the property's potential for appreciation.

Factors to Consider When Buying a 3BHK in Chennai

Before making a decision, take time to assess a few key factors. This helps ensure you're choosing wisely.

Location Matters

Location is crucial when buying a 3BHK in Chennai. Areas close to IT hubs, transport links, and essential services like hospitals offer greater convenience and better lifestyle value. With upcoming metro connectivity and quick access to key zones, such neighbourhoods are ideal for first-time homebuyers. Plus, high rental demand adds long-term investment potential.

Connectivity and Amenities

Choosing the right location for your 3BHK in Chennai goes beyond just the address. It is about how easily you can access daily essentials. Areas with strong connectivity to business zones, public transport, and major roads can make daily commuting more convenient.

Equally important are the lifestyle amenities that surround your home. From fitness centres and clubhouses to themed gardens, sports facilities, kids’ zones, and wellness areas, modern developments now offer everything you need to work, play, and relax without stepping far from home. These features not only enhance your living experience but also add long-term value to your investment.

Future Growth Potential

Chennai is a city that's continuously evolving. The real estate market in the city has grown steadily in recent years. Areas with new developments, such as Sholinganallur, have become increasingly popular. Investing in a 3BHK in a growing area like this can be a smart choice, as property prices are likely to increase in the future. If you buy a 3BHK for sale in Chennai now, you could see a substantial return on investment as the area matures.

Pros of Buying a 3BHK for Sale in Chennai

1. Spacious Living: A 3BHK provides ample space for growing families or individuals who want extra room for home offices, gyms, or guest rooms.
2. Excellent Investment Potential: Real estate in Chennai has a history of steady appreciation, making it a good investment for the long term.
3. Growing Areas: Areas like Sholinganallur are rapidly developing, making them great choices for first-time homebuyers looking to benefit from future growth.
4. Convenient Amenities: Sholinganallur offers easy access to schools, hospitals, shopping malls, and entertainment options, making it an ideal location for families.

Is It Worth Buying a 3BHK for Sale in Chennai?

A 3BHK in Chennai brings flexibility, comfort, and long-term value. With the city’s real estate market steadily growing, especially in fast-developing areas like Sholinganallur, investing in a 3BHK today can yield strong returns tomorrow.

Trusted builders like Casagrand are creating homes that go beyond just good design. Their projects focus on liveability, with excellent connectivity, thoughtful layouts, and a wide range of modern amenities.

If you’re looking for a home that supports your lifestyle and grows with your needs, a 3BHK in the right location is a choice worth considering.

Granthik Acquisition Sets the Stage for AdaniConneX’s AI-Ready Future

AdaniConneX, the strategic joint venture between Adani Enterprises and EdgeConneX, has taken another decisive step in expanding its digital infrastructure footprint by acquiring Granthik Realtors Pvt Ltd for ₹85.99 crore. Executed on June 26, 2025, through a share purchase agreement with Windson Projects LLP and its nominees, the acquisition highlights AdaniConneX’s focus on fast-tracking data center development across India.

Though Granthik Realtors is not yet operational, it possesses significant land holdings and the requisite regulatory clearances—making it a valuable asset in AdaniConneX’s mission to build a 1GW data center platform by 2030. This move allows the joint venture to bypass the usual bureaucratic hurdles of land acquisition and licensing, significantly accelerating project timelines for infrastructure development.

This isn’t AdaniConneX’s first such acquisition. In May 2024, the company acquired Terravista Developers—another strategic land-holding entity. While details on Terravista's holdings are limited, the pattern is clear: the company is focusing on acquiring land-rich firms that provide a springboard for rapid infrastructure deployment.

Such moves serve a dual purpose. First, they enable strategic land banking in urban hotspots like Chennai, Navi Mumbai, Noida, Hyderabad, and Vizag—future-proofing AdaniConneX’s ambitions amid India's digital transformation. Second, they reinforce vertical integration, giving AdaniConneX greater control over timelines, development standards, and alignment with sustainability goals.

With the broader Indian tech ecosystem gearing up for an era of AI-driven growth and cloud adoption, AdaniConneX’s acquisitions reflect a long-term play for digital sovereignty and hyperscale readiness. These quiet acquisitions may not dominate headlines, but they’re laying the groundwork for India’s next-generation digital backbone.

Interarch Secures India’s Largest-Ever Single PEB Order, in public domain, Worth over Rs 300 Crore · Over Rs 300 crore order

• Over Rs 300 crore order secured from one of India’s most advanced tyre manufacturing facility.
• Interarch to engineer, manufacture and erect the complete steel buildings.

Interarch Building Solutions Limited (BSE) (NSE), pioneers of Pre-Engineered Buildings (PEB) has secured the largest-ever single PEB order in the Indian PEB industry, valued at over 300 crore. The plant is being set up for a major tyre manufacturing company based in Gujarat.

The upcoming tyre facility is poised to be one of the most large-scale and technologically advanced in the country. Interarch has been entrusted with the end-to-end execution of the facility; covering design, manufacturing, and on-site installation of the pre-engineered structures.

The upcoming tyre manufacturing facility will have an area of approx. 3,00,000 m2 i.e.3 million Sq. Ft. under one roof. The proposed plant is slated to be completed within FY 25-26. The plant is designed to optimize operational efficiency while meeting the latest sustainability standards. This large-scale project highlights the growing demand for high-quality steel buildings and underscores our commitment to supporting global mobility, industrial development, and infrastructure expansion.

Arvind Nanda, Managing Director, Interarch Building Solutions Limited, said, “We are proud to have secured the largest-ever single PEB order, in public domain, in the Indian PEB industry – a significant milestone that reflects the trust our clients have in Interarch’s engineering excellence, manufacturing and execution capabilities. This project, for one of India’s most advanced tyre manufacturing facility, will involve end-to-end delivery of critical steel infrastructure – from design to on-site installation. It’s a strong endorsement of our four-decade legacy and our commitment to delivering large-scale, complex industrial solutions with precision, speed, and sustainability at the core.

At Interarch, we have always believed in pushing the boundaries of innovation in steel construction. This project reinforces our leadership in the PEB segment and marks another step forward in supporting India’s manufacturing and infrastructure ambitions. As we begin work on this prestigious assignment, our focus remains on delivering world-class quality, on-time execution, and contributing meaningfully to the nation’s industrial growth story”.

With this milestone, Interarch continues to push the boundaries of steel construction, offering faster, more efficient, and sustainable building solutions that meet the dynamic needs of India’s industrial growth story.

Interarch Pre- Pre-Engineered Buildings

Interarch Building Solutions Limited commenced its operations in 1983. Today, 40 years later, Interarch is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.

TRACDEK® Metal Roofing & Cladding Systems

We manufacture world-class pre-engineered roofing and cladding systems designed to meet custom requirements. Our extensive portfolio includes the Hi-Rib Roofing & Cladding System, Klippon Roofing & Cladding System, and SS-2000 Standing Seam Roofing System. Each of these solutions is engineered to provide exceptional performance and durability, ensuring that we meet a wide range of needs with precision and reliability.

Trac® Ceilings

Our TRAC® range of metal ceilings are manufactured from fully recyclable materials and are pre-painted and prefabricated in our factory. The ceiling systems are friendly to handle and will not promote the growth of bacteria and fungi. TRAC® ceilings exhibit excellent corrosion resistance. They can withstand very high humidity (up to 100 %) and are suitable for use in outdoor applications.

Interarch Life: Non-Industrial Buildings

We offer a state-of-the-art solution for non-industrial buildings through our innovative load-bearing wall framing systems, crafted to support lightweight structures. Embracing a hassle-free drywall construction approach, these systems guarantee swift and efficient assembly, simplifying the construction process for our esteemed clients. With a focus on durability and safety, our load-bearing wall framing systems are engineered to be earthquake and termite-proof, providing robust protection for the structure and its occupants.

Moreover, these systems offer the flexibility of dismantling if required, providing adaptability for future changes or modifications. These structures can be custom-made according to the specific plans, accommodating varying shapes, sizes, and designs to meet the exact needs of customers.

HDFC Capital Invests ₹ 1,300 Crores in Total Environment, with a Potential GDV of ₹ 10,100 Crores

HDFC Capital, the real estate private equity arm of HDFC Group, has partnered with Total Environment, one of South India’s leading real estate developers, to form a ₹1,300 crore platform for the development of high-quality homes in Bangalore.

Image - Glassdoor

This strategic collaboration will add an additional 6.5 million square feet of new residential projects to the ongoing 16 million square feet of residential projects being developed by Total Environment. The new residential projects will have a combined GDV of ₹10,100 crores, which will be delivered over the next four to five years.

The partnership will develop sustainable greenfield residential projects enhancing the city’s housing landscape by providing quality living spaces for its residents.

Commenting on the transaction, Vipul Roongta, Managing Director & CEO, HDFC Capital said, “HDFC Capital is committed to strengthening our partnership with trusted real estate developers with an established track record. Our collaboration with Total Environment helps address the significant demand for sustainable, high-quality homes for mid-income and upper mid-income households in India.”

Vipul Roongta

Kamal Sagar, Founder, Total Environment, expressed his views on the collaboration, stating, "We are glad to build upon and deepen our long-standing partnership with HDFC Capital. The investment provides long-term and flexible capital to fund and develop large, vibrant residential communities, and includes investment into some of our ongoing projects to help deliver them faster. This collaboration will help further our mission to continuously improve our products and services through care and craftsmanship.”

This platform marks the fourth investment by HDFC Capital in Total Environment, highlighting their strategy of partnering with top-rated developers. Two of the three existing investments have resulted in successful exits, creating significant value for all stakeholders.

HDFC Capital, a subsidiary of HDFC Bank Ltd, is the real estate private equity arm of HDFC Group. HDFC Capital is aligned with the Government of India’s ‘Housing for All’ initiative and is focused on financing the development of affordable and mid-income homes in a sustainable manner. HDFC Capital also seeks to promote innovation and the adoption of new technologies within the real estate sector by investing in and partnering with technology companies.

HDFC Capital is the investment manager to four SEBI registered Category II Alternative Investment Funds. These funds combine to create a US$ 4.2 billion platform targeting the development of affordable and mid-income housing in India.

Total Environment was founded in 1996 as a forward integration initiative by design firm Shibanee + Kamal Architects, with the simple goal of creating homes that are actually designed for the people that will live in them. “Each custom-designed home is built with Care & Craftsmanship, based on our principles of People-Centred Design” says Kamal. The company has also backward integrated into production of furniture, doors and windows, metalworks and several other parts of its supply chain and also manages its properties for life.

Total Environment has delivered 5.5 million square feet of residential and commercial space to date, and is the world’s largest developer of furnished homes with custom designed interiors, and has 4,800 custom designed homes and a total of 16 million square feet under construction currently and recorded sales bookings of INR 3007 cr. [US $350 Mn] in calendar year 2024.

TCS to Acquire Real Estate Firm Darshita Southern India Happy Homes for ₹2,250 Crore

Tata Consultancy Services (TCS) has announced its acquisition of Darshita Southern India Happy Homes Pvt Ltd for ₹2,250 crore. This all-cash deal involves acquiring the land and building held by Darshita Southern India Happy Homes to serve as a delivery center for TCS.

The entity, incorporated in September 2004, is engaged in the development of commercial property intended for lease to industrial consumers. Since the property is still under development, revenue generation has not yet commenced.

This acquisition is part of TCS's strategic move to expand its physical infrastructure, particularly in Bengaluru, a key hub for India's tech industry. The new delivery center will enhance TCS's capacity to serve its clients and support its growth plans.

The deal also includes a call option to acquire 100% equity shares in the entity after two years. This provides TCS with flexibility in managing its investment and future plans for the property.

Earlier this year, TCS announced the acquisition of two wholly-owned subsidiaries of Tata Realty and Infrastructure Limited for ₹1,625 crore.

While not a direct acquisition, TCS also announced a strategic partnership with Vantage Towers, Europe's second-largest telecom tower operator. This collaboration aims to launch a digital service platform to streamline service processes for property owners leasing land for telecom towers across eight European markets.

NPCI Picks Up 1.15 Lakh Sq. Ft. Office Space in Mumbai’s Goregaon

The National Payments Corporation of India (NPCI) has leased 1.15 lakh square feet of office space in Mumbai's Goregaon area.

As per the agreement, NPCI will pay a monthly rental of Rs 2.15 crore. The lease includes a clause to escalate rentals by 15%, which will take effect after three years, taking the total rental payout to over Rs 136 crore over the entire tenure of the lease.

Here are some key details:

• Location: Oberoi Commerz III, Goregaon East, Mumbai.
• Floors: 27th and 28th floors
• Lease Duration: Five years.
• Monthly Rent: ₹2.15 crore, with a 15% escalation after three years.
• Annual Rent: Over ₹25 crore
• Rent per Sq. Ft.: ₹187 per sq ft

This move highlights the ongoing demand for Grade A commercial real estate in Mumbai, driven by leading institutions and multinational corporations.

The NPCI has several offices across India to support its operations. The key locations include Mumbai, Maharashtra, with addresses at Bandra East, Mumbai, and Raheja Titanium, Western Express Highway, Goregaon East. In Chennai, Tamil Nadu, NPCI's office is located Siruseri Information Technology Park, Kanchipuram. NPCI's Hyderabad, Telangana, office can be found at Ranga Reddy District.

Lastly, in Delhi, National Capital Territory, NPCI is located at Level 8, The Executive Centre, DLF Centre, Sansad Marg, Connaught Place, New Delhi.

These offices help NPCI manage and operate various retail payment and settlement systems across India, ensuring seamless and efficient digital transactions.

Recent Real Estate Deals in Mumbai:

1. Morgan Stanley: Leased 1 million square feet of office space in Oberoi Commerz III for over nine years at a starting monthly rental of ₹15.96 crore.
2. Nielsen Media and Whats On India Media Pvt Ltd: Leased 1.52 lakh square feet of office space in Oberoi Commerz III for a starting monthly rent of ₹3.87 crore for 10 years.
3. Deloitte Shared Services India LLP: Leased 80,849 square feet of office space in Oberoi Commerz III at a monthly rent of ₹2.09 crore.

These transactions highlight the ongoing demand for Grade A commercial real estate in Mumbai, driven by leading institutions and multinational corporations.

Dubai's Emaar in Talks With Adani Group for Stake Sale in Indian Operations

Emaar Properties, Dubai's largest publicly listed real estate developer, has confirmed that it is in talks with the Adani Group to sell a stake in its Indian subsidiary. The deal is valued at Rs 40-50 billion (approximately $462 million to $578 million USD). Discussions are still in the early stages, with valuation and deal terms yet to be finalized.

This potential deal could mark Adani Group's largest investment in the real estate sector to date. Emaar entered the Indian real estate market in 2005 and has since built a diverse portfolio of residential and commercial properties across key cities like Gurugram, Mohali, Lucknow, Jaipur, and Indore.

The deal would provide Emaar with substantial capital. This could be reinvested in its core markets or used to pay down debt.

As of September 2024, Emaar Properties' total debt stands at approximately ₹240.32 billion (around $2.84 billion USD) . The company has a solid financial profile with a debt to EBITDA ratio below 1.0x for the last twelve months ending March 2024. Emaar Properties maintains a strong liquidity profile and a significant sales backlog, which provides revenue visibility over the next few years.

Emaar Properties has been active in the Indian real estate market since 2005. Some of Emaar's notable projects include Emaar Emerald Hills, Emaar Digi Homes, Emaar Business District 83, and the luxury residential project Amaris in Gurugram.

In November 2024, Emaar India launched Amaris, a luxury residential project in Gurugram, with an investment of Rs 1,000 crore.

If the deal goes through, it could lead to the launch of new projects across key Indian cities, enhancing urban development and potentially boosting local economies.

For Adani Group, acquiring a stake in Emaar's Indian operations would represent a major expansion into the real estate sector. This would diversify Adani's portfolio, which already spans infrastructure, energy, and logistics.

The Adani Group has been expanding its presence in the real estate sector through its subsidiary, Adani Realty.

Adani Realty has a diverse portfolio of residential and commercial projects across key cities in India, including Mumbai, Pune, Ahmedabad, and Delhi-NCR. Some of their high-profile projects include the controversial Dharavi slum redevelopment project in Mumbai, valued at Rs 40,000 crore, and a luxury residential project in Mumbai's Bandra East.

Education Has Become Increasingly Unaffordable Due to Urban Real Estate, Says Zoho CEO Vembu

SaaS major Zoho's CEO & Founder Sridhar Vembu believes that "Education has become increasingly unaffordable. A good part of it due to urban real estate (and even real estate around small towns) becoming extremely expensive; that affects education, health care and of course, housing and retail as well."

Sridhar Vembu further said that – "A lot of corruption money from politics is 'parked' in real estate and that has inflated prices beyond normal market forces. In a sense, all of us pay for political corruption in the form of expensive housing, schools and health care."

In a post over social media platform X, the Zoho CEO referred to a post on X, which showed the term-wise split of the amount to be paid to a school, in addition to a registration fee and an annual fee.

According to the X user's post, which Sridhar Vembu referred as an example for his point, he had to pay Rs 10,000 as a non-refundable registration fee, an annual fee of Rs 25,000 that was recurring and Rs 98,750 each for four three-month terms, between April 2024 and March 2025.

"We are investing in school education to make it affordable (our schools are free) but we can only do it in deep rural areas where land is affordable," added Vembu in the X post.

Notably, the cost of education in India has increased substantially. Between 2012 and 2020, education costs rose by about 10-12% annually. This includes tuition fees, transportation, and examination fees.

The rising cost of real estate in urban areas drives up the expenses for educational institutions. Schools and colleges often pass these costs onto students through higher tuition fees.

Corruption and speculative investments in real estate can inflate property prices, indirectly affecting the cost of education. This creates a cycle where high real estate prices lead to higher educational costs, making quality education less accessible.

Public expenditure on education has remained relatively stable, around 3.9% of GDP in 2018-19. However, private expenditure has grown faster, reflecting the increasing privatization of education. Together, public and private spending on education accounted for 6.6% of GDP in 2018-19.

Although, the education budget has seen periodic increases. For instance, the 2024 budget allocated ₹1.48 lakh crore to education, with significant increases for school education and literacy. Despite these efforts, affordability remains a challenge for many families, especially with the rising costs. And, Zoho founder, Sridhar Vembu, despite being a billionaire raise this issue to bring it in open.

While there are several government schemes aimed at making education more affordable, the implementation and reach of these programs can be inconsistent, limiting their effectiveness.

Addressing these barriers requires a multifaceted approach, including increased public investment, better implementation of government schemes, and efforts to reduce the cost of private education.

Anil Ambani Sets Up New Company Reliance Jai Properties Aligning with PM Modi's PMAY-U 2.0 Initiative

Anil Ambani has launched a new company called Reliance Jai Properties Private Limited (RJPPL) to enter the real estate sector. This move is part of Reliance Infrastructure's strategy to diversify its business portfolio. The new subsidiary, officially incorporated on August 12, 2024, aims to engage in acquiring, selling, leasing, and developing various properties.

RJPPL's focus aligns with the Pradhan Mantri Awas Yojana (PMAY-U) 2.0 initiative, which aims to provide affordable housing to urban poor and middle-class families. Despite this ambitious expansion, Reliance Infrastructure's stock has faced a downturn, indicating a cautious response from investors.

The new subsidiary has an authorized and paid-up share capital of ₹1,00,000, divided into 10,000 equity shares at ₹10 each.

RJPPL aims to engage in acquiring, selling, leasing, and developing various properties.

This move is seen as part of Reliance Infrastructure's strategy to diversify its business portfolio and capitalize on the growing real estate market in India. Despite this ambitious expansion, Reliance Infrastructure's stock has faced a downturn, indicating a cautious response from investors. To recall, in June Anil Ambani's Reliance Infrastructure incorporated Reliance EV Private Limited (REVPL), through its subsidiary Reliance Velocity Limited (RVL), to enter Electric Vehicles business.

The Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) is an ambitious initiative by the Indian government aimed at providing affordable housing to urban poor and middle-class families. The scheme aims to benefit 1 crore families over the next five years.

Notably, an investment of ₹10 lakh crore (approximately US $120 billion) has been allocated for PMAY-U 2.0 initiative, with a government subsidy of ₹2.30 lakh crore or US $27. 6 billion.

The Indian real estate sector is expected to reach a market size of USD 1 trillion by 2030, up from USD 200 billion in 2021. By 2047, the market is projected to expand to USD 5.8 trillion, contributing 15.5% to India’s GDP.

In FY23, the residential property market saw home sales reaching an all-time high of ₹3.47 lakh crore (USD 42 billion), marking a 48% year-on-year increase. The demand for residential properties surged in the top 8 cities, driven by mid-income, premium, and luxury segments.

Swedish Firm EQT to Acquire Singapore-based PropertyGuru in an All-Cash Deal

Sweden based EQT Private Capital Asia is set to acquire PropertyGuru, a leading property technology company in Southeast Asia, for approximately $1.1 billion. This acquisition will result in PropertyGuru being delisted from the New York Stock Exchange.

The deal represents a significant premium over PropertyGuru's recent share prices, reflecting the strategic value EQT sees in the company. This move is expected to bolster PropertyGuru's growth and innovation in the real estate technology sector.

On Friday today, PropertyGuru Group Limited, Southeast Asia’s leading PropTech company, announced that it has entered into an agreement and plan of merger with affiliates of BPEA Private Equity Fund VIII Limited (“EQT Private Capital Asia”), part of EQT AB, a purpose-driven global investment organization, pursuant to which the Company will be acquired by EQT Private Capital Asia in an all-cash transaction (the “Merger”) that values PropertyGuru at an equity value of approximately USD 1.1 billion.

Under the terms of the Merger Agreement, at the effective time of the Merger, each ordinary share of the Company issued and outstanding immediately prior to the effective time (other than certain excluded shares) will be cancelled and converted automatically into the right to receive an amount in cash equal to USD 6.70 per share, without interest.

The merger consideration represents a 52% premium to PropertyGuru’s closing share price on May 21, 2024, the last unaffected trading day prior to media speculation regarding a potential transaction, and a 75% and 86% premium to the Company’s 30-day and 90-day volume-weighted average share price, respectively, for the period ending May 21, 2024.

Major shareholders, TPG Asia VI SF Pte. Ltd. and TPG Asia VI SPV GP LLC, in its capacity as general partner of TPG Asia VI Digs 1 L.P. (collectively, “TPG”) and Epsilon Asia Holdings II Pte. Ltd., an entity managed by global investment fund KKR (“KKR”), which hold a combined 56% ownership of ordinary shares outstanding, have entered into voting and support agreements with the Company and EQT Private Capital Asia in support of the Merger.

PropertyGuru was founded in 2006 by Steve Melhuish and Jani Rautiainen. The idea for PropertyGuru came from their personal frustrations with the property search process in Singapore. They aimed to create a smarter, more intuitive online platform for property seekers.

The CEO and Managing Director of PropertyGuru is Hari V. Krishnan. He has been instrumental in leading the company through significant milestones, including its successful public listing on the New York Stock Exchange. Hari has over two decades of experience in technology and digital transformation, having previously led LinkedIn in the Asia Pacific region.

PropertyGuru primarily operates in Southeast Asia, including markets like Singapore, Malaysia, Indonesia, Thailand, and Vietnam1. However, it doesn’t have a significant presence in India. Instead, the Indian real estate market is dominated by local platforms like 99acres, MagicBricks, and Housing.com

EQT has been quite active in the acquisition space recently. In March 2024, EQT announced the acquisition of Equitrans Midstream, creating a vertically integrated natural gas company with an enterprise value over $35 billion. In September 2022, EQT acquired Tug Hill's upstream assets and XcL Midstream's gathering and processing assets for $5.2 billion.

In January 2021, EQT acquired 100% of the Exeter management company and a significant stake in its funds, enhancing its position in value-add real estate investing.

These acquisitions reflect EQT's strategy to expand its capabilities and market presence across various sectors.

Infosys Along with AEEE and IIHS to Decarbonize India’s Commercial Building Sector

Infosys has taken a significant step towards sustainability by collaborating with the Alliance for an Energy Efficient Economy (AEEE) and the Indian Institute for Human Settlements (IIHS) to decarbonize India's commercial building sector. This initiative, named 'ASSURE' (Accelerating Sustainable and Super-efficient Real Estate), aims to realize 100 million sq. ft. of high-performance commercial buildings in India by 2030.

The program is designed to be the world's largest organized effort to implement high-performance buildings at scale. It will bring together experts, innovators, enterprises, and the government to provide technical assistance to lighthouse projects, develop ecosystem-wide capacity, and demonstrate viability inspired by Infosys' campuses¹. Additionally, ASSURE will foster entrepreneurship, collaborate with government agencies to create a supportive policy environment, and engage with large financial institutions to implement these high-performance commercial buildings.

Nandan Nilekani, Co-founder and Chairman of Infosys, emphasized the opportunity this collaboration presents for India's building sector to contribute significantly to the nation's sustainability goals. He expressed enthusiasm about amplifying the potential of the nationwide community of industry leaders, practitioners, knowledge institutions, and students to drive positive climate action.

ASSURE is not just about meeting global standards but setting new ones, with rigorous performance validation and ambitious emissions reduction targets to transform building practices and drive real change. Infosys, which became carbon neutral in 2020, is continuing its efforts to realize its ESG 2030 vision and transition to low-carbon operations. This collaboration marks a pivotal step in paving the way for a greener and more sustainable future.

Infosys is an early mover in setting and achieving ESG goals, advocating for responsible business over the decades. Infosys became carbon neutral in 2020, 30 years ahead of the timeline set by the Paris Agreement and has aggressively progressed commitments and efforts to realize its ESG 2030 vision, and transition to low-carbon operations.