Clear Bridge Ventures Acquires Mumbai IT Park for Rs 335 Crore
Clear Bridge Ventures has acquired an IT park in Mumbai's Malad for Rs 335 crore, marking a significant investment in the city's commercial real estate market.
Commercial Real EstateOffice PropertiesIt ParkMumbaiMaladClear Bridge VenturesProperty Ventures IndiaRk MarblesReal Estate MumbaiAug 30, 2024
Clear Bridge Ventures operates in the venture capital and investment space, providing funding and strategic support to startups and emerging businesses. Despite efforts to contact them, Clear Bridge Ventures and RK Marbles did not respond to separate email queries.The demand for office properties in India has witnessed a significant surge, driven by the rapid expansion of IT and ITeS sectors, the rise of startups, and the growing trend of hybrid workspaces. The return to physical offices post-pandemic has further bolstered demand, as businesses seek to enhance collaboration and innovation, leading to increased leasing activity in key commercial hubs.
This growing demand for office spaces has sparked a notable rise in investment appetite among domestic and international investors. Institutional investors, including real estate investment trusts (REITs), private equity firms, and sovereign wealth funds, are increasingly focusing on the commercial real estate segment, attracted by the stable rental yields and long-term growth prospects.
About Clear Bridge Ventures
Clear Bridge Ventures is a venture capital and investment firm that provides funding and strategic support to startups and emerging businesses.
About Property Ventures (India)
Property Ventures (India) is a subsidiary of RK Marbles, a leading player in the marble and granite industry.
The Indian commercial real estate market has witnessed significant growth in recent years, driven by the expansion of IT and ITeS sectors, the rise of startups, and the growing trend of hybrid workspaces. The demand for office properties is expected to continue, driven by the return to physical offices post-pandemic and the need for businesses to enhance collaboration and innovation.Clear Bridge Ventures is a venture capital and investment firm that operates in the venture capital and investment space, providing funding and strategic support to startups and emerging businesses. Property Ventures (India) is a subsidiary of RK Marbles, a leading player in the marble and granite industry.
Frequently Asked Questions
Who acquired the IT park in Mumbai's Malad?
Clear Bridge Ventures acquired the IT park in Mumbai's Malad for Rs 335 crore.
What is the saleable built-up area of the IT park?
The IT park has a saleable built-up area of over 147,000 sq ft.
How many parking slots does the IT park have?
The IT park has 129 parking slots for cars and transportation vehicles.
What is the name of the subsidiary of RK Marbles that sold the IT park?
Property Ventures (India) is the subsidiary of RK Marbles that sold the IT park.
What is the expected demand for office properties in India?
The demand for office properties in India is expected to continue, driven by the return to physical offices post-pandemic and the need for businesses to enhance collaboration and innovation.
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