Tag: ICICI Prudential AMC

IndustryLatest Stories

Puravankara Q1 FY27 Pre-Sales Up 28% to ₹1,439 Crore

Representative AI image NEW DELHI: Puravankara reported pre-sales of ₹1,439 crore in Q1 FY27, achieving a 28% year-on-year growth. Collections increased by 40% from the previous year to ₹1,199 crore during the quarter. The sales area expanded to 1.36 million sq ft, marking a 9% rise compared to the same period last year. The average price realization improved by 18% year-on-year to ₹10,589 per sq ft. The company delivered 0.94 million sq ft, completing 745 homes during this quarter. Additionally, Puravankara finalized an agreement with ICICI Prudential AMC for the sale of its commercial property, Purva Zentech. The transaction values…

CommercialLatest Stories

ICICI Prudential AMC Acquires VIOS Tower in Mumbai for ₹525 Cr

Investment management firm ICICI Prudential Asset Management Company has acquired nine floors of the VIOS Tower, a commercial property, from global asset manager Varde Partners in Wadala, central Mumbai, for over ₹525 crore. The acquisition provides more than 3 lakh sq ft of office space through the ₹2,500-crore ICICI Prudential Office Yield Optimiser Fund II, dedicated to acquiring completed and pre-leased office properties in major Indian markets. The office space, spanning from the ground to the 8th floor, is fully leased to established companies and is anticipated to yield more than 8% annually, with lease agreements featuring a 5% rental…