Meenakshi Group launches financial services arm, unveils ₹700 cr real estate fund

Mahesh Katragadda, CEO of Meenakshi Alternates Meenakshi Group, a Hyderabad-based realty and clean energy group, has launched its new financial services arm, Meenakshi Alternates (M-Alts) and its debut fund – Meenakshi Real Assets Fund for investments in real estate across top-tier cities in India. This SEBI-approved Category II AIF will adopt a hybrid investment ...
June 2, 2025

Baashyaam Group to acquire Standard Chartered property in Chennai for ₹1,100 crore

Standard Chartered building on Haddows Road, Chennai. | Photo Credit: BIJOY GHOSH/businessline Chennai-based real estate developer Baashyaam Group is set to acquire the 5.78-acre Standard Chartered property on Haddows Road in Chennai for over ₹1,100 crore, according to multiple sources. Sources in the know said that Baashyaam Group has closed the deal, beating Arihant ...
May 30, 2025

EFC (I)’s net profit grows 71.72% in Q4 FY25

NEW DELHI: EFC (I), a company offering managed office spaces, interior designing and furniture manufacturing, has reported a growth of 71.72 per cent in its net consolidated profit during the quarter ended March 31, 2025. Its profit after tax stood at ₹47.96 crore in Q4 FY25 as against ₹27.93 crore it registered in the ...
May 30, 2025

Kanakia, Hines, Mitsubishi Estate & Sumitomo Corporation’s JV to develop office space in Mumbai

NEW DELHI: Kanakia Group has entered into a joint venture with Hines, Mitsubishi Estate Co (MEC) and Sumitomo Corporation to develop a commercial project in Bandra Kurla Complex (BKC), Mumbai. Under the partnership, Kanakia Group is the land partner while Hines, MEC, and Sumitomo are institutional investors and development partners. The office space spread ...
May 30, 2025