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Ashwin Sheth Group buys 50% stake, PAG pours ₹540 cr in posh south Mumbai tower

Livemint

Livemint · 5m ago

Ashwin Sheth Group buys 50% stake, PAG pours ₹540 cr in posh south Mumbai tower

Ashwin Sheth Group has acquired a 50% stake in the luxury residential project 'One Marina' in South Mumbai. The project, a stalled 74-storey tower, will receive a ₹540 crore credit finance boost from the Asia-focused investment firm PAG, targeting a gross development value of ₹2,300 crore. This two-way strategic deal allows existing lender J.C. Flowers Asset Reconstruction Pvt. Ltd an exit and aims to make One Marina a premium residential address in the area.

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Ashwin Sheth eyes over 10 housing projects, nearly ₹30,000 cr sales in 2025

Livemint

Livemint · 11m ago

Ashwin Sheth eyes over 10 housing projects, nearly ₹30,000 cr sales in 2025

Ashwin Sheth Group, a real estate developer, plans to launch over 10 housing projects by 2025 and enter the Bengaluru market. The group anticipates a potential gross development value of ₹30,000 crore from these projects. To fund its expansion, the company is considering an IPO in the next 12-18 months. The group is targeting the premium and luxury real estate segments, with a focus on strategic partnerships and joint ventures to minimize debt.

Kunal Shah-backed Blox buys into real estate advisory firm Guardians

VCCircle

VCCircle · 1y ago

Kunal Shah-backed Blox buys into real estate advisory firm Guardians

Blox, the proptech platform backed by Kunal Shah, is acquiring an 11% stake in Mumbai-based real estate advisory firm Guardians for around $12 million. Blox plans to increase its stake to 50% over the next three years as part of its expansion strategy. The company aims to consolidate its market share in Mumbai before expanding to other cities like NCR and Bangalore. With this acquisition, Blox aims to increase its gross transaction value to $10 billion in the next five years. Previously, Blox acquired real estate brokerage firm Justo and Plinthstone REMA.

From snacks to soft drinks, Delhi is now India’s FMCG capital: West spends the most, South buys the most

Economic Times

Economic Times · 5m ago

From snacks to soft drinks, Delhi is now India’s FMCG capital: West spends the most, South buys the most

Delhi has become the FMCG capital of India, with households in West Delhi spending the most on fast-moving consumer goods. Families in clusters like Tilak Nagar and Janakpuri spend more than double the national average, while South Delhi homes buy the largest quantities. In contrast, Bengaluru records the highest expenditure on premium FMCG products. Mumbai residents shop frequently, making 233 shopping trips annually, albeit with smaller baskets compared to other cities.

Godrej Properties eyes over Rs 10k cr revenue from upcoming housing project at Worli, Mumbai

Economic Times

Economic Times · 1m ago

Godrej Properties eyes over Rs 10k cr revenue from upcoming housing project at Worli, Mumbai

Godrej Properties aims for over Rs 10,000 crore revenue from its upcoming housing project, "Godrej Trilogy," in Worli, Mumbai. This 2.63-acre development will feature three residential towers, with two launching in the first phase this quarter. The project has received Maharashtra RERA approval for the first phase, comprising around 11 lakh square feet of saleable area. The initiative aligns with Godrej's strategy of developing high-potential urban land parcels, strengthening its presence in South Mumbai.

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

Entrackr

Entrackr · 9d ago

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt Auxilo, an education-focused non-banking financial company (NBFC), has secured Rs 225 crore (around $25.5 million) in debt funding from Neo Group, Nuvama Wealth, Dezerv, and The South Indian Bank. Earlier this year in February, Motilal Oswal invested Rs 50 crore in Auxilo through a debt round, as exclusively reported by Entrackr. The Auxilo’s board has issued 22,500 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-mentioned sum, according to its filing with the Registrar of Companies (RoC). Neo Group led the debt round with a Rs 100 crore ($11.36 million) investment, while Nuvama Wealth and Dezerv contributed Rs 50 crore each, and The South Indian Bank added Rs 25 crore. The debentures carry an interest rate of 9.7% per annum with a three-year tenure, while those issued to The South Indian Bank come at a 10% annual interest rate. Founded in 2016, Auxilo provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course, including classroom expenditures, pre-visa approvals, and airfares. For the fiscal year ended March 2025, Auxilo’s operating revenue rose nearly 50% to Rs 528 crore from Rs 357 crore in FY24. During the same period, the company’s profit surged 62% to Rs 112 crore.

CloudExtel raises external debt of Rs 200 Cr

YourStory

YourStory · 1y ago

CloudExtel raises external debt of Rs 200 Cr

Mumbai-based Network-as-a-Service provider CloudExtel has received Rs 150 crore in external debt from NIIF Infrastructure Finance Limited, and an additional Rs 50 crore from Aditya Birla Finance Limited to grow its market presence in fiber and small cells deployment. The company has also received first-time credit rating of 'A-' from CARE Ratings Limited.

Ladurée’s local arm mulls ₹60 cr offline store expansion

Livemint

Livemint · 2y ago

Ladurée’s local arm mulls ₹60 cr offline store expansion

CK Lifestyle LLP, the Indian unit of CK Israni Group, plans to open about 20 outlets of luxury Parisian pastry chain Ladurée in India over the next three years. The company, which acquired the master franchise rights in India, will invest ₹50-60 crore in developing the stores. Currently, there are four Ladurée stores in Delhi-NCR, with the next expansion phase set to target Mumbai, Kolkata, Bengaluru, and Pune. CK Lifestyle aims for profitability within five years and expects a 50% annual growth in operations.

Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr

Money Control

Money Control · 1y ago

Raymond shares rise 2% as subsidiary bags new realty project worth Rs 2,000-cr

Shares of Raymond Limited have surged 2 percent to Rs 2,600 after its real estate arm, Raymond Realty, was chosen for the redevelopment of a residential project in Bandra East, Mumbai. The project is estimated to generate a revenue of over Rs 2,000 crore and is in line with the company's growth plans for real estate development in the Mumbai Metropolitan Region. The shares of Raymond have rallied nearly 50 percent since the beginning of the year.

Ashiana Housing buys 23-acre land in Chennai, eyes Rs 1,200 cr revenue from senior living project

Economic Times

Economic Times · 3m ago

Ashiana Housing buys 23-acre land in Chennai, eyes Rs 1,200 cr revenue from senior living project

Ashiana Housing has acquired nearly 23 acres of land in Chennai from Mahindra World City Developers for developing a senior living project. This project is expected to generate revenue of Rs 1,200 crore. The land, acquired on a perpetual lease basis, is adjacent to Ashiana's existing Senior Living project, 'Ashiana Vatsalya,' and offers a saleable area of approximately 15 lakh sq ft. Ashiana Housing plans to expand further into Bengaluru and Mumbai.

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV

Entrackr

Entrackr · 23d ago

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV EV charging startup ACS Energy has raised Rs 1.1 crore (around $132K) in a pre-seed funding round led by Inflection Point Ventures (IPV). The proceeds will be used to deploy 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat, and to develop AI-driven energy management systems for high-rise buildings. Founded in 2022 by Jash Sheth and Mihir Bhanushali, ACS Energy is a UPI-enabled EV charging platform, combining hardware and software to make charging more efficient and accessible. Its chargers support two, three, and four-wheelers and integrate with the ACS Pay system, allowing users to complete transactions instantly through UPI. The startup is addressing a major gap in charging infrastructure for high-rise buildings and residential complexes, offering AI-based systems that manage power distribution and reduce energy waste. Currently active in Mumbai, Pune, Surat, Ahmedabad, and Kerala, ACS Energy plans to expand nationwide. As per market research, India’s EV charging market is projected to reach $13 billion by 2032, and ACS aims to be a key player in this growth by enabling seamless, digital-first charging experiences.

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