Clear Bridge Ventures Buys IT Park, 2 Acre in Mumbai for Rs 3.35 Bn
ROADS & HIGHWAYS

Clear Bridge Ventures Buys IT Park, 2 Acre in Mumbai for Rs 3.35 Bn

Clear Bridge Ventures, a venture capital and investment firm, has acquired an information technology (IT) park and the nearly 2-acre land parcel on which it is built in Malad, a western suburb of Mumbai, from Property Ventures (India) for Rs 3.35 billion.

The seller, a subsidiary of RK Marbles, owned the IT Park 4th Dimension and the land parcel located on Linking Road. Developed in 2002, the property consists of a ground floor plus six additional floors and offers over 147,000 square feet of saleable built-up area, including 129 parking slots for cars and transportation vehicles.

According to documents accessed through the real estate data analytics firm CRE Matrix, the buyer paid a stamp duty of Rs 210.86 million for the registration of the deal, which was finalized on August 23.

Clear Bridge Ventures specializes in venture capital and investments, focusing on funding and providing strategic support to startups and emerging businesses.

The demand for office properties in India has seen a substantial increase, driven by the rapid expansion of the IT and ITeS sectors, the rise of startups, and the growing trend of hybrid workspaces.

Clear Bridge Ventures, a venture capital and investment firm, has acquired an information technology (IT) park and the nearly 2-acre land parcel on which it is built in Malad, a western suburb of Mumbai, from Property Ventures (India) for Rs 3.35 billion. The seller, a subsidiary of RK Marbles, owned the IT Park 4th Dimension and the land parcel located on Linking Road. Developed in 2002, the property consists of a ground floor plus six additional floors and offers over 147,000 square feet of saleable built-up area, including 129 parking slots for cars and transportation vehicles. According to documents accessed through the real estate data analytics firm CRE Matrix, the buyer paid a stamp duty of Rs 210.86 million for the registration of the deal, which was finalized on August 23. Clear Bridge Ventures specializes in venture capital and investments, focusing on funding and providing strategic support to startups and emerging businesses. The demand for office properties in India has seen a substantial increase, driven by the rapid expansion of the IT and ITeS sectors, the rise of startups, and the growing trend of hybrid workspaces.

Next Story
Infrastructure Energy

Sterling and Wilson Secures Rs 12 Bn Solar EPC Contract in Gujarat

Sterling and Wilson Renewable Energy has been awarded a Rs 1,200 crore contract for a 500-megawatt (MW) solar photovoltaic (PV) project in Gujarat, strengthening its foothold in India’s renewable energy sector. The engineering, procurement, and construction (EPC) contract encompasses the design, engineering, and installation of balance-of-system (BoS) components with single-point responsibility. It also includes operations and maintenance (O&M) services for three years. “We are delighted to secure this significant order, which will aid India, especially Gujarat, in its transition to clean ..

Next Story
Infrastructure Energy

NTPC Green Energy Signs MoU with Bihar Government

NTPC Green Energy (NGEL), a subsidiary of NTPC, has entered into a Memorandum of Understanding (MoU) with the Department of Industries, Government of Bihar, during the Bihar Business Connect 2024 Global Investors’ Summit held on 20 December 2024 in Patna. The MoU outlines plans for substantial investments in Bihar to establish various renewable energy projects, including: Ground-mounted and floating solar installations Battery energy storage systems Green hydrogen mobility initiatives The Bihar Government will assist by facilitating necessary approvals, permissions, registrations, and cleara..

Next Story
Infrastructure Energy

ASECOL Launches 50 MW Solar Power Plant in Chitrakoot

ASECOL, a subsidiary of Adani Green Energy Limited (AGEL), has commissioned a 50 MW solar power plant in Chitrakoot, Uttar Pradesh. The plant has a 25-year Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kWh. This milestone increases AGEL's total renewable energy capacity to 3,520 MW, moving closer to its 25 GW target by 2025. With the successful commissioning of this plant, AGEL’s operational solar generation capacity exceeds 3 GW. The company’s total renewable capacity stands at 15,240 MW, including 11,720 MW under development. The facility..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000