Latest news with #HNIs
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Business Standard
13 hours ago
- Business
- Business Standard
Prices of South Delhi luxury independent floors up 105% in 3 yrs: Report
The prices of luxury independent-floor homes in certain South Delhi colonies have increased 64 per cent to 105 per cent in three years due to investments by high-net-worth individuals (HNIs), said a report on Friday. Category A colonies such as Mayfair Garden and Panchsheel Park represent places with the highest circle rates, according to the report by Golden Growth Fund, a real-estate-focused alternate investment fund (AIF). Category B comprises colonies like Andrews Ganj and Defence Colony – places where circle rates fall between the highest (Category A) and lower categories. In Category A colonies, the average price for a 2,500-square-feet floor increased almost 100 per cent in three years: from Rs 8-11 crore to Rs 16-22 crore. The price for a 6000-square-feet floor rose by 105 per cent: from Rs 18-22 crore to Rs 36-45 crore. In Category B colonies, the average price for a 2,500-square-feet floor grew 70 per cent: from Rs 5-6.5 crore to Rs 8.5-11 crore. A 3,200-square-feet floor's price increased 64 per cent: Rs 8-11 crore to Rs 13-18 crore. Ankur Jalan, chief executive officer of Golden Growth Fund, said South Delhi offers privacy and customised space to ultra-rich people like startup founders. 'South Delhi's connectivity to the office hubs in Gurugram and Noida and the airport adds to its appeal. The excellent return on investment is another factor that has added to the growing interest,' he said. Experts have said that HNIs, non-resident Indians and family offices, who earlier invested in local properties without the cushion of compliance and safety, are making investments in AIFs that invest in affluent colonies. Jalan said that with returns as high as 18 per cent to 20 per cent, AIFs have opened a new avenue for these investors. Golden Growth's report said South Delhi is one of India's most premium real estate markets, with per square feet rate in a Category A colony ranging between Rs 60,000 to Rs 90,000 and in Category B colony between Rs 36,000 to Rs 56,000 depending upon floor and colony. The fund previously said the redevelopment potential of South Delhi is worth Rs 5.65 trillion across 42 regulated colonies overseen by the Municipal Council of Delhi (MCD), with occupied and vacant plots in Category A and B colonies alone accounting for over Rs 5.35 trillion. Jalan said that while the real estate market is bullish, South Delhi stands out for consistent demand, reliable investment and substantial returns.
Hans India
17 hours ago
- Business
- Hans India
La Wisteria leads Goa's luxury real estate surge in 2025
Goa's real estate boom is being shaped by premium developments like La Wisteria in Siolim, North Goa. Developed by Sea Breeze Villas, the boutique project offers 80 luxury apartments with private pools, lagoon views, and resort-style amenities. As infrastructure improves and demand for high-end living rises, projects like La Wisteria attract HNIs and global investors seeking privacy, lifestyle, and value. CEO Arpit Bansal highlights the focus on blending luxury with Goa's charm. With rental yields up to 10% and strong appreciation potential, La Wisteria exemplifies the state's shift from vacation spot to elite real estate destination.
Time of India
2 days ago
- Business
- Time of India
Eppeltone Engineers IPO subscribed 234 times, GMP robust at 47% on Day 3. Check details
Eppeltone Engineers' IPO saw overwhelming demand with 234x subscription on Day 3, led by retail investors. Shares command a 46.9% grey market premium ahead of NSE SME listing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads About Eppeltone Engineers IPO Eppeltone Engineers The third day of Eppeltone Engineers' initial public offering (IPO) witnessed an impressive subscription of 234 times, with the company's shares trading at a healthy grey market premium (GMP) of 46.9% or Rs 3:20 pm today, 57.49 crore bids were received from the market participants out of 24.56 lakh investors led the demand, submitting 2.47 lakh applications for a total of 24.71 crore shares. Non-Institutional Investors (NIIs) followed with 21,941 applications for nearly 26.41 crore Qualified Institutional Buyers (QIBs) had placed 91 applications for 7,92,31,000 Rs 43.96 crore IPO opened for subscription on Tuesday and will close on Thursday, with shares expected to be listed on the NSE SME on June offering comprises solely a fresh issue of 34.34 lakh equity shares, with a price band of Rs 125 to Rs 128 per share. Retail investors can apply for a minimum of 1,000 shares per lot, requiring an investment of Rs 1.28 lakh. High-net-worth individuals (HNIs) are required to bid for at least two lots, totaling Rs 2.56 proceeds from the IPO will be allocated to meet working capital requirements (Rs 30 crore), fund capital expenditure for new machinery (Rs 5 crore), and cover general corporate purposes and issue Global Consultants is the book-running lead manager, while Skyline Financial Services serves as the in 1977 and based in Noida, the company specializes in the manufacturing and supply of a wide range of energy management solutions, such as static and smart meters, watt-hour meters, BPL kits, LED lighting systems, advanced UPS solutions, battery chargers, and equipment for the railway and power key clients include Indian government agencies, electricity boards, and institutional buyers within the infrastructure operates a 36,000 sq. ft. manufacturing plant in Greater Noida, with additional units in New Delhi. The company employs 59 permanent staff and is known for its robust research and development capabilities, along with a focus on sustainability in its energy FY25, the company reported a 57% year-on-year revenue growth, reaching Rs 125.74 crore. Its profit after tax also grew by 38%, amounting to Rs 11.23 crore.
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Business Standard
2 days ago
- Business
- Business Standard
VC firm Speciale Invest plans launch of new fund for deep-tech investments
Deep-tech investment firm Speciale Invest, which backs seed-stage and early-stage companies, is planning to launch its third fund as the current fund nears completion. The firm did not disclose the size of the upcoming fund but stated that it would be slightly larger than its previous fund, which stood at ₹300 crore. The firm plans to make five to six investments from the upcoming fund in the first year, with an average ticket size ranging between $0.75 million and $1 million, said Arjun Rao, general partner at the firm. 'We are working on it (Fund III)... Fund II will be fully deployed in the coming weeks or months, and then we should be ready to make new investments, and that will be a classic Fund III. The overall size will be a little larger than the last fund, but not significantly larger,' Rao said. Speciale Invest has backed companies including space-tech firm Agnikul Cosmos, flying taxi startup The ePlane Company, and semiconductor company Morphing Machines, among others. Over the past eight years, the firm has operated three funds — Fund I, Fund II, and an additional growth fund. Rao said the majority of limited partners are domestic, and capital has been raised from family offices, high-net-worth individuals (HNIs), ultra-HNIs, corporates, and some members of the Indian diaspora abroad. Fund I, launched in 2017, had a corpus of ₹60 crore, with investments in 18 companies. The average investment size was around $0.5 million. Apart from Agnikul Cosmos and The ePlane Company, other portfolio firms from this fund include robotics startup CynLr and space-tech firm GalaxEye. Fund II, launched in 2021, scaled up fivefold to ₹300 crore. As the fund nears full deployment, the firm expects to invest in one or two more companies. So far, it has backed 17 companies. Investment sizes ranged from $0.5 million to $1 million. Notable investments from this fund include climate-tech startup Newtrace, cybersecurity firm QNu Labs, and drug discovery startup Peptris. In 2023, Speciale Invest also raised a ₹185 crore growth fund to participate in follow-on rounds of its existing portfolio companies. 'We raised a growth fund in 2023 which amounted to ₹185 crore. We invested in around 5–6 companies from Fund I and Fund II. We can invest in a total of 8–10 companies from this fund,' Rao said. On exit performance, Rao said, 'They have all been healthy, positive multiple outcomes, some in the range of 2x to 8x multiples on mergers and acquisitions. These early-to-young companies were acquired by larger, strategic players who found value in the product, technology, and team.' He noted that Wingman was acquired by Clari, a global player in the sales intelligence space, and augmented reality startup Scapic was acquired by Walmart-owned Flipkart. In total, there have been seven exits. While the firm identifies as sector-agnostic, it sees high-growth opportunities in space technology, climate and sustainability, manufacturing, defence, industrial automation and robotics, artificial intelligence in enterprise infrastructure, biotech, and life sciences.
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Business Standard
4 days ago
- Business
- Business Standard
Actor Jaideep Ahlawat spends ₹20 cr on 2 Andheri flats in just two months
Bollywood actor Jaideep Ahlawat and his wife Jyoti Hooda have purchased a second luxury apartment in Mumbai's Andheri West within two months—bringing their total real estate spend to Rs 20 crore, according to property registration records accessed by Square Yards from Maharashtra's Inspector General of Registration (IGR). The couple's most recent acquisition—a Rs 10 crore apartment in Poorna Apartments—was registered in June 2025, just weeks after they purchased a similar flat in the same building in May 2025. Both apartments are located in the upscale Poorna Apartments residential complex, a premium development in the sought-after Andheri West locality. Though on different floors, both flats share nearly identical configurations: Carpet Area: 1,950 sq. ft. Built-up Area: 2,341 sq. ft. Price per unit: ₹10 crore Stamp Duty: ₹60 lakh each Registration Charges: ₹30,000 per flat Car Parks: 2 with the June purchase; 4 with the May purchase The couple's total real estate investment—including stamp duty and registration fees—exceeds Rs 21.2 crore across both units. "According to the IGR property registration documents, the value of latest purchased apartment in June 2025 stands at Rs. 10 crore. It has a carpet area of 1,950 sq. ft. (~181 sq. m.) and a built-up area of 217.47 sq. m. (~2,341 sq. ft.), which is the same as the apartment acquired in May. The deal also includes two car parking spaces. The transaction attracted a stamp duty payment of Rs. 60 lakh and registration charges of Rs. 30,000," said Square Yards. According to the IGR property registration documents reviewed by Square Yards, the property purchased in May 2025, also for Rs 10 crore, features a similar carpet area of 1,950 sq. ft and a built-up area of 217.47 sq.m. (~2,341 It included a total of four car parking spaces. The transaction incurred a stamp duty payment of Rs. 60 lakh and registration charges of Rs. 30,000. Why Andheri West? Andheri West has emerged as a real estate hotspot—especially for celebrities, HNIs, and professionals—owing to its combination of business connectivity and entertainment lifestyle. Strategically located between key commercial districts like BKC, SEEPZ, and Lower Parel, it enjoys excellent connectivity via: Western Express Highway SV Road and Link Road Versova–Andheri–Ghatkopar Metro The area is also a magnet for premium residential projects, upscale retail zones, and co-working spaces, making it one of the most vibrant and desirable addresses in Mumbai. Jaideep Ahlawat is an Indian actor who works in Hindi films and web series. He gained recognition for his roles in the films Raees (2017) and Raazi (2018). In 2020, he starred as a police officer in the streaming series Paatal Lok, for which he received the Filmfare OTT Award for Best Actor in a Drama Series. Most recently, he appeared alongside Saif Ali Khan in the Netflix film Jewel Thief (2025).
