Real Estate

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Having been cooped up indoors for over two years, employees and business owners are looking to transition back to working from the premises or follow a hybrid working model. “Now we see people returning to the office as work from home has entirely lost its lustre,” says Yuvraj Rajan, Director, R...

Having been cooped up indoors for over two years, employees and business owners are looking to transition back to working from the premises or follow a hybrid working model. “Now we see people returning to the office as work from home has entirely lost its lustre,” says Yuvraj Rajan, Director, Raiaskaran Group, as he shares more on how their recently LEED-certified tech park has been leveraging this rising trend. The brief and design approach Established in 2001 with an objective to provide a complete environment for business that comprises more than four walls, Raiaskaran Tech Park (RTP)’s cutting-edge structures have been engineered to last long. The tech park houses an art gallery in the lobby that displays work from globally renowned artists and has a significant amount of natural landscape surrounding the structure, making it appear submerged in greenery. Additionally, in recent times, office spaces have made a conscious effort to cater to employee wellness and comfort. Towards that, many of our clients have incorporated amenities such as gymnasiums with personal training, yoga and wellness sessions, and spaces for interactive activities such as gaming. Our credo is the foundation for all design at Raiaskaran. All our projects, irrespective of offices, homes, retail or commercial, follow this. Our brand ethos individually defines Art, Indian Luxury and Sustainability as the three pillars on which we design our structures. The design brief was to make a campus that was sustainable and environment-friendly as well as easy to maintain with a carbon-zero footprint. At its full capacity, our facility can house around 11,000 personnel. Material selection and sustainability We have always been conscious of the materials used in construction. One of the key materials we used at the very beginning was LOW-E glass, which considerably reduces heat gains and, therefore, requirements for cooling. In the interiors, other choices such as automatic faucets for the bathroom have been made. In every space, we have been conscious of resources used. RTP has been awarded the LEED Platinum certification. We have strived not only to maintain balance but give more than we take from nature. Material selection was one of the critical aspects in procuring a LEED certification. Thus, we ensured that our raw material was purchased from the sources closest to us. Data collection and technology RTP has implemented real-time data collection and constant monitoring. This helps maintainall the strict parameters we set priorly. We have managed to collect data for the IT park since 2006 on waste management, electrical panels and HVAC operations. This data is updated into our database on either a six-monthor quarterly basis. RTP has also invested in the best and extremely efficient cooling and water recycling systems. For instance, we have an online monitoring system for our chillers that tells us the energy consumption for the past few years. The data provides details about consumption, losses incurred and output. Optimising air quality We have incorporated a variety of vegetation, right from actual plantations and caring of trees to a multitude of plants. In fact, we have several nurseries open for our clients and employees to learn and grow. These contribute to maintaining an optimum air quality index within the park’s ecosystem, increasing the amount of oxygen in the air and assisting with purifying the overall air health in the tech park. In the interiors, the air-cooling systems work to ensure good air quality. Conserving water Today, everyone around the globe is actively attempting to live more sustainably. We meet the demand for water by harvesting rainwater. We also have a 500 kld STP plant, operational since 2006. The purified water is utilised for gardening and landscape upkeep. So, we only bring in fresh water for potable use, lowering our water consumption drastically in comparison to other tech parks. Additionally, the project incorporates a drip irrigation system for vegetation that promotes optimal soil moisture and plant development along with water efficiency. In conclusion Developers are increasingly leaning towards green real-estate development to cut their carbon footprint and create more energy-efficient homes. Residents also take notice of immediate savings on their water and electricity bills. The progress is slow, but we believe that with more government intervention and realisation of the benefits, real estate can move towards being recognised as a positively impacting sector.

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Consistent reforms will foster growth and reduce investor risk

Incorporated in 1986 as a wholly owned subsidiary of State Bank of India, SBI Capital Markets Ltd (SBICAPS) is a SEBI-registered Category I merchant banker and research analyst. It offers the entire bouquet of investment banking and corporate advisory services under one umbrella, covering project advisory and structured financing, capital markets, mergers and acquisitions, private equity, ESG advisory, startup advisory and stressed assets resolution. Headquartered in Mumbai, SBICAPS has seven regional offices of which six are in India (Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata and New ..

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Adani Group Invests $240M in Global Skills Academy

The Adani Group has announced a partnership with ITE Education Services (ITEES) of Singapore to establish a world-class talent pipeline for industries such as Green Energy, Manufacturing, Hi-tech, Project Excellence, and Industrial Design. The initiative will see an investment of over $240 million by the Adani family to set up internationally benchmarked schools of excellence, named Adani Global Skills Academy. These finishing schools will train students from technical and vocational backgrounds, equipping them with industry-relevant certifications. Graduates will have employment opportunities..

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Swiggy to Invest $120M in Scootsy for Expansion

Food and grocery delivery giant Swiggy Ltd announced on Friday that it will invest up to $120 million in its wholly owned subsidiary Scootsy Logistics in one or more tranches. Scootsy specializes in supply chain services and distribution, including warehouse management, in-warehouse processing with value-added services, and order fulfillment for wholesalers and retailers. "We wish to inform that the Board of Directors of the company, at its meeting held on Friday, February 21, 2025, has approved the investment by the company in the equity shares of Scootsy Logistics Private Limited, a wholly..

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