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Simpliwork Offices plans to raise $50-60 mn to expand business

Realty firm Salarpuria Sattva s co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, like Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Salarpuria Sattva, one of the leading real estate firms in the country with large presence in office market, has 50 per cent stake in Bengaluru-based Simpliwork Offices. Kunal Walia, the founder and CEO of Simpliwork, holds the remaining stake. In an interview with PTI, Walia said the company achieved a robust growth during the 2020-21 fiscal year in terms of revenue and also area expansion despite the pandemic.

United arab emiratesAndhra pradeshTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்தமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா

Simpliwork Offices plans to raise $50-60 million to expand in India, make overseas forays

Simpliwork Offices plans to raise $50-60 million to expand in India, make overseas forays SECTIONS Last Updated: Jul 25, 2021, 11:17 AM IST Share Synopsis Founded in 2018, Simpliwork s current operational portfolio is 2.8 million sq ft across Bengaluru, Delhi-NCR, Mumbai, Pune and Hyderabad. It is also entering Chennai market. Getty Images Realty firm Salarpuria Sattva s co-promoted Simpliwork Offices plans to raise USD 50-60 million as equity to expand business in India and enter into overseas markets, like Singapore, as it sees the demand for managed flexible office space rising amid the COVID-19 pandemic. Salarpuria Sattva, one of the leading real estate firms in the country with large presence in office market, has 50 per cent stake in Bengaluru-based Simpliwork Offices.

United arab emiratesAndhra pradeshTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்தமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா

Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt

Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt
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United arab emiratesAndhra pradeshNew delhiTamil naduKunal waliaSalarpuria sattvaSimpliwork officesBengaluru based simpliworkஒன்றுபட்டது அரபு அமீரகங்கள்ஆந்திரா பிரதேஷ்புதியது டெல்ஹிதமிழ் நாடுகுணால் வாலியாசலார்பூரியா சத்வா

Listed realty developers sales share rises to 22% in April-December from 6% in FY17: Report

Listed realty developers’ sales share rises to 22% in April-December from 6% in FY17: Report SECTIONS Share Synopsis Of the total sales of 93,140 apartments in the first nine months of 2020-21 across the top 7 cities, top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share, showed data from Anarock Property Consultants. Agencies These companies together sold 21.23 million sq ft residential area between April and December 2020 despite the first wave of Covid-19, up 2% on year. The overall housing sales share of the top 8 listed real estate developers is on the rise indicating homebuyers’ increased preference for their projects.

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Co-living spaces see boom in India, driven by Gen-Z, young couples

Co-living spaces see boom in India, driven by Gen-Z, young couples SECTIONS Share Synopsis According to a recent survey by Colive, covering 20,000 respondents around 91% of the occupiers of the coliving space prefer to live alone as compared to the shared living. There is also a demand for a one bedroom or a studio apartment, with 82% of the occupiers demanding the same. India’s coliving segment is driven by salaried professionals and students currently. India’s co-living or shared space accommodation continues to attract Gen-Z and couples as they look for safer accommodation due to the spread of the COVID-19 in the country.

Andhra pradeshTamil naduSuresh rangarajanSalarpuria sattvaCo vidGen zEco livingஆந்திரா பிரதேஷ்தமிழ் நாடுசுரேஷ் ரங்கராஜன்சலார்பூரியா சத்வாஇணை வித்கேன் ஸீஇணை வாழும்