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Ganesh Housing to invest ₹15,000 crore in Ahmedabad project
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NEW DELHI: The initial public offering (IPO) of Bagmane Prime Office REIT, backed by Blackstone, was subscribed 23.71 times by the end of the bidding period on Thursday, demonstrating strong investor interest. The IPO, valued at Rs 3,405 crore, received bids for 3,50,77,38,150 units against 14,79,21,000 units available, according to NSE data. The institutional investor category saw a subscription rate of 25.25 times, while retail investors submitted bids 21.87 times the available quota. More than 200,000 applications were recorded for the offer, surpassing previous REITs such as Knowledge Realty Trust, Nexus Select Trust, Mindspace Business Parks REIT, Brookfield India REIT,…
BENGALURU: Microsoft India (R&D) has finalized one of the largest office lease agreements in Hyderabad this year, securing 264,000 sq ft in the city’s financial hub. According to a registered lease document shared by Propstack, the tech giant has inked a new five-year lease with workspace provider Table Space Technologies, with the agreement set to commence on July 1, 2025. The deal encompasses the third and fourth levels of the building, with a total chargeable area of 264,000 sq ft. Microsoft will pay a base monthly rent of ₹1.77 crore at a rate of ₹67 per sq ft, while the…
NEW DELHI: India’s Real Estate Investment Trust (REIT) market has developed into a significant institutional asset class, with a gross asset value (GAV) reaching approximately ₹2.3 lakh crore and the equity market capitalisation nearing ₹1.66 lakh crore as of September 30, 2025, as reported by Anarock Capital. Despite only about 32% of India’s REIT-eligible commercial stock being listed, the domestic REIT market has outperformed Hong Kong in market capitalisation, highlighting rapid growth since the first listing in 2019. Following Knowledge Realty Trust’s listing in August 2025, India now boasts five listed REITs that manage a combined portfolio of around 176…