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Realty

Nippon Life India Acquires Premium Commercial Properties in Mumbai for ₹486 Crore

Nippon Life India Asset Management Ltd. has made a significant move in Mumbai’s commercial real estate market by acquiring two office properties in Lower Parel for Rs. 486.03 crore. The acquisition highlights growing demand for Grade-A office spaces in key business districts like Lower Parel, as multinational firms continue to seek premium office spaces in Mumbai.

SquareFeatIndia
November 26, 2024
2 minute read

Realty

Lodha Group Owner Abhishek Lodha Transfers Shares to Philanthropy Foundation

On Diwali, Abhishek Lodha, CEO of the Lodha Group, announced the transfer of a substantial portion of his shareholding in Macrotech Developers to the Lodha Philanthropy Foundation. With an initial corpus of ₹20,000 crores, the foundation will focus on empowering women, supporting children’s education, promoting environmental sustainability, and preserving Indian culture. This move underscores the Lodha family’s commitment to societal development while enhancing the philanthropic impact of their business success.