The Chennai-based Olympia Group in a joint venture with a US-headquartered alternative asset manager Apollo Global Management plans to invest Rs. 750 crore on a 1.1-million sq. ft. greenfield IT park in Chennai. This will be developed in three years. Both, the Olympia Group and the Apollo Global share 51% and 49% share in the […]
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Ascendas Singbridge, who is the largest foreign real estate developer in India, has planned to develop office space here at large. The company is soon to launch their plan for constructing 16 million square feet office space pan-country in coming three-four years. According to the officials, the company has decided to double to current office […]
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In a major real estate deal, Ascendas, a Singapore based firm has acquired 12.74 acres of a land parcel for nearly Rs 250 core on Pallavaram Radial Road in Chennai. The group will develop a massive 2.3 million sqft IT park with an investment of around 1500 crore. This is the fifth time Ascendas invested […]
Continue ReadingThe Mapletree Investments which is a Temasek-owned real estate asset manager purchased Chennai’s IT park for worth Rs.2400 crores. This is the largest ever single realty asset transaction in India and the IT Park bought by the company is known as the SP Infocity in Chennai. The SP Infocity was jointly-owned by the Canada Pension […]
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