CapitaLand India Trust (CLINT) has partnered with Phoenix Group to acquire two IT buildings in HITEC City, Hyderabad, with a total leasable area of 2.5 million square feet. The acquisition is expected to increase CLINT s earnings and distributions for Unitholders, with a pro forma net profit of around S$4.5 million2 on a stabilised basis
As Ahmedabad emerges as a swiftly developing market, there has been a notable surge in real estate activities. The city s location and favourable business environment have drawn the attention of investors and homebuyers alike, fuelling the growth of its real estate sector.