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RMZ to invest over $2.2 billion in Indian real estate over 5 years

Money ControlMoney Control · 10m ago
RMZ to invest over $2.2 billion in Indian real estate over 5 years
Medial

- Alternate asset manager RMZ plans to invest $2.2 billion across various real estate verticals in the next five years. - RMZ aims to acquire an additional 10-15 million square feet of office space in major markets like Bengaluru, Chennai, Hyderabad, Mumbai-MMR, Delhi-NCR, and Pune by 2025. - RMZ prefers developing large office parks in Bengaluru, preferably between 50 and 70 acres, and is in talks with landowners for potential acquisitions. - The company is also expanding its presence in Mumbai and Pune with ongoing construction projects totaling 3 million square feet in Pune and 4 million square feet in Mumbai. - RMZ plans to expand its operations offshore, potentially targeting markets like the US and the UK, and sees a growing demand for office spaces from GCCs (global capability centers) in India.

Flex spaces boom as the office goes to the employee

LivemintLivemint · 9m ago
Flex spaces boom as the office goes to the employee
Medial

Indian flexible space providers, such as Awfis Space Solutions, WeWork India, IndiQube, and Urban Vault, have experienced significant revenue growth since the pandemic. The demand for alternative workspaces closer to employees has risen among corporates, startups, and professionals. The flexible office segment, including co-working and managed workplaces, has witnessed expansion, with capacity additions of 8-9 million square feet each in 2022 and 2023. This growth has prompted many space providers to go public, including Awfis, Smartworks Coworking Spaces, WeWork India, Simpliwork Offices, IndiQube, and Table Space Technologies. Global capability centres, along with traditional IT services and business process management, are driving the demand for co-working and managed workplaces.

Fintech M&A Activity Led By Lending Sector In 2023; Start-Up Incorporations Drop By 70% From 2021

OutlookIndiaOutlookIndia · 1y ago
Fintech M&A Activity Led By Lending Sector In 2023; Start-Up Incorporations Drop By 70% From 2021
Medial

Lending fintechs accounted for 30% of all fintech acquisitions in 2023, reflecting increased regulatory scrutiny in the lending sector. Payments and Wealthtech were the other sub-sectors that saw high acquisition activity. The lending sub-sector's surge in acquisitions aligns with the tightening regulations in the space. In total, there were around 30 acquisition deals in the Indian Fintech space in 2023. Additionally, there has been a 70% decline in the incorporation of new fintech start-ups. The majority of acquisitions were done by larger companies for product enhancement and expanding capabilities. The fintech sector heavily relies on venture capital backing for sustainability. In the global market, fintech companies raised $46 billion between Q3 2022 and Q3 2023, indicating a focus on business fundamentals.

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