INDIS raises Rs 1,000 cr from Brookfield for five residential projects

12 Nov 2021 CW Team

INDIS Group has raised Rs 1,000 crore from Brookfield Asset Management Inc for its five residential projects in southern India.

The residential projects have a development potential area of 6.5 million sq ft.

The project's investment has been made through Brookfield's Special Investment (BSI) Fund in the form of structured capital with base returns and an equity upside.

It will catalyse INDIS's strategy of expanding its housing portfolio in the mid-market segment in southern India-based urban regions.

Founder of INDIS Group, G Anand Reddy, said that the BSI investment fund would help to grow its market portfolio of operating projects at a faster speed and also provide more value for the stakeholders and customers. A part of the deal will also give an exit to a few current investors.

INDIS added that the deal provides the company with additional liquidity to promote the development of projects in a strong residential market.

The BSI Fund was made for investing in large-scale, non-control and equity and equity-like investments with a sector agnostic strategy.

Also read: Shapoorji Pallonji to raise Rs 3,655 cr, plans clean slate by FY22

Resources

20 May 2025

Blum India brings Design Reverie to Hyderabad

Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..

Resources

20 May 2025

Hafele launches Platinum Studio in Nagpur

Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..

Resources

20 May 2025

Truflo by Hindware wins GPTW honour again

Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..