Welcome back to the Weekly News Roundup! Let’s see what’s in the bulletin for this week.
The rate of advancement of Real Estate sector in Pune has witnessed a constant growth as compared to its neighbouring metropolis of Mumbai. A steady inundation of various workforces from all across the country along the rise in the construction of real estate in the city has produced many opportunities for investors. The sustained migration of professionals to Pune has led to the transformation of the city into a vibrant technological hub.
Bengaluru-based firm Salarpuria Sattva is one of the leading real estate developer in South India is now entering into affordable housing segment and plans to develop two projects in the IT city with an estimated investment of around Rs 900 crore. It focuses more on commercial real estate projects.
Adani Group is partnering with San Francisco-based Digital Realty, a leading global provider of data centre to boost its foray into the data centre domain, as Data centre infrastructure is critical to enable a Digital India. They are setting up a mega piece of data centre infrastructure in Hyderabad in Telangana and both firms will jointly evaluate, develop and operate data centres, data centre parks and cultivate undersea cable provider communities of interest across India.
Delhi has been ranked as the most polluted capital in the world and after Diwali, the danger has set in again. But it’s not just the government working on possible solutions for this problem but several start-ups too are working for a clean air like, Ambee that gives accurate hyperlocal air quality data, Blue Sky Analytics that offers real time data and Nanoclean which promises to turn air conditioner into an air purifier.
Shapoorji Pallonji group’s real estate arm plans to acquire multiple land parcels for its mid-income housing brand ‘Joyville’, and it intends to monetize non-core land as part of the land monetization programme it embarked upon last year to primarily deleverage. Under Joyville, they plan to acquire 3-4 land parcels in the next six months that will give its mid-income housing platform a deeper pan-India presence. Each land parcel would throw up 1.5-2 million sq ft of development potential.
That was all for this week, we’ll be back next week until then stay healthy and keep your surroundings clean. Even a small step matters.