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Prime Offices Fund closes first round at Rs 4,000 crore, commits 45% of capital
Prime Offices Fund has successfully raised Rs 4,000 crore in its initial funding round. The fund has already committed nearly half its capital to acquire three office properties. This expanded corpus reflects strong investor demand for Indian commercial real estate opportunities. The fund's portfolio now spans approximately four million square feet of office space. It houses over seventy occupiers, including many Global Capability Centres.
Hyundai Motor India to roll out its first mass-market EV from Chennai facility this year
This year, Hyundai Motor India will unveil two innovative vehicle models sourced from its Chennai plant, featuring the company’s first budget-friendly electric vehicle designed for the masses. Committed to turning Tamil Nadu into its electric vehicle headquarters in India, Hyundai is simultaneously expanding its network of charging stations.
Japan’s Development Bank invests in Indian real estate through HDFC Capital fund
Japan's Development Bank of Japan Inc. has entered India's residential property market. It committed capital to HDFC Capital's affordable and mid-income housing platform. This marks a significant new entry of Japanese institutional capital. The investment supports sustainable development and addresses India's housing shortage. It also enhances geographic diversification for the bank's overseas real estate portfolio.
Can WFH adoption upset the apple cart for office leasing by Reits?
Committed occupancy levels for key real estate investment trusts exceeded 90% in FY26, with positive demand outlook. However, geopolitical tensions and a potential shift back to remote work could hinder leasing activity, impacting the office space market.
Bikaji founder Shiv Ratan Agarwal passes away at 74
Shiv Ratan Agarwal, the visionary founder of Bikaji Foods International, has passed away at the age of 75. Agarwal was instrumental in transforming the traditional Bikaneri snacks business into the globally recognized Bikaji brand. His strategic leadership combined authentic taste with modern business practices. The company is committed to continuing his legacy of growth and responsible business operations.