Realty firm Salarpuria Sattva s co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, like Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Salarpuria Sattva, one of the leading real estate firms in the country with large presence in office market, has 50 per cent stake in Bengaluru-based Simpliwork Offices. Kunal Walia, the founder and CEO of Simpliwork, holds the remaining stake. In an interview with PTI, Walia said the company achieved a robust growth during the 2020-21 fiscal year in terms of revenue and also area expansion despite the pandemic.
Simpliwork Offices plans to raise $50-60 million to expand in India, make overseas forays SECTIONS Last Updated: Jul 25, 2021, 11:17 AM IST Share Synopsis Founded in 2018, Simpliwork s current operational portfolio is 2.8 million sq ft across Bengaluru, Delhi-NCR, Mumbai, Pune and Hyderabad. It is also entering Chennai market. Getty Images Realty firm Salarpuria Sattva s co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, like Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Salarpuria Sattva, one of the leading real estate firms in the country with large presence in office market, has 50 per cent stake in Bengaluru-based Simpliwork Offices.
Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
Listed realty developers’ sales share rises to 22% in April-December from 6% in FY17: Report SECTIONS Share Synopsis Of the total sales of 93,140 apartments in the first nine months of 2020-21 across the top 7 cities, top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share, showed data from Anarock Property Consultants. Agencies These companies together sold 21.23 million sq ft residential area between April and December 2020 despite the first wave of Covid-19, up 2% on year. The overall housing sales share of the top 8 listed real estate developers is on the rise indicating homebuyers’ increased preference for their projects.
Co-living spaces see boom in India, driven by Gen-Z, young couples SECTIONS Share Synopsis According to a recent survey by Colive, covering 20,000 respondents around 91% of the occupiers of the coliving space prefer to live alone as compared to the shared living. There is also a demand for a one bedroom or a studio apartment, with 82% of the occupiers demanding the same. India’s coliving segment is driven by salaried professionals and students currently. India’s co-living or shared space accommodation continues to attract Gen-Z and couples as they look for safer accommodation due to the spread of the COVID-19 in the country.
India: Co-working startup Simpliwork looks to expand in Singapore, Hong Kong dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
How Greens and More cashed in on its subscriptions format and launched a new vertical during the pandemic yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Salarpuria Sattva bullish on REITs market- Business News businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
Salarpuria Sattva bullish on REITs market- Business News origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
Bengaluru-based real estate player Prestige Estates has completed phase I of its Rs 9,160-crore deal with US equity major Blackstone Group at approximately Rs 7,467 crore. The Prestige-Blackstone deal is one of the largest real estate deals in the country comprising the sale of 21 million square feet of assets by the Prestige Group to Blackstone. These include six completed office assets, four under construction offices, and 9 retail malls. Phase 1 of the transaction includes sale of 12 assets comprising completed retail, office and hotel assets. Phase 2 of the transaction is expected to get completed by the end of next quarter. “We believe that this transaction will further strengthen our foundation and help us in gearing up for the next level of growth. This transaction will also aid us in building long-term strategic partnership with Blackstone Group and leverage the respective strengths of both to create value for the stakeholders,” said Irfan Razack, Chairman, Prestige Group.