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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. ....
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. ....
Simpliwork Offices plans to raise USD 50-60 mn to expand biz in India, foray into overseas mkt dailyexcelsior.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexcelsior.com Daily Mail and Mail on Sunday newspapers.
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. ....
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. ....