Get latest articles and stories on Business at LatestLY. New Delhi [India], March 12: The collaboration between the Federation of Automobile Dealers Associations (FADA), the Raipur Automobile Dealers Association (RADA), and Lawyered, a leading legal-tech platform, culminated in a successful launch event on February 28, 2024, in Raipur, Chhattisgarh. This event marked a significant milestone in redefining on-road legal assistance for vehicle owners across India. Business News | FADA and Lawyered Spearheaded On-Road Legal Assistance For Dealerships, Started from Raipur on February 28th, 2024.
Sumitomo Mitsui Financial Group s Indian subsidiary, SMFG India Credit, has signed a lease agreement for 194,000 square feet of office space in Mumbai. This move is part of SMFG s growth plans in India and will allow the company to consolidate its offices in Powai and Andheri into a single location. The office space, located at Embassy 247, will house over 2,000 employees and offer state-of-the-art infrastructure and amenities.
India s manufacturing sector growth is positively impacting the commercial real estate market, with its share increasing from 6% in 2018 to 15% in 2022. This growth is driven by factors such as the government s Make in India initiative and the Production Linked Incentive (PLI) schemes.
A Cushman & Wakefield report stated that the sector has a share of 15 to 18 percent in office leasing, suggesting rising activity on the back of the Make in India and PLI initiatives.