News
Happiest Minds purchases 2.4 lakh sq ft office space in Bengaluru


Bengaluru, July 15, 2022: Happiest Minds Technologies Limited, on Saturday announced that it has purchased a Grade A, fully built up ready to use commercial property with a super built area of 240,000 Sq.Ft in Bengaluru for a consideration of Rs.101 Crores. The facility with a seating capacity of 1,600 seats is in the technology hub of Electronics City.


Speaking on the purchase, Venkatraman Narayanan, MD & CFO said “Financially, the purchase is funded substantially through borrowings from banks at very favorable terms. The transaction is positive from a P&L perspective while adding a significant asset to our balance sheet. We have structured repayments in a manner such that cash flows are neutral in the medium and positive in the long term”
-
Guest Column4 weeks ago
Rights and Liabilities’ of ‘Oh My God’ project transferred to Saya Cementation
-
Guest Column4 weeks ago
Two new Members join U.P. RERA
-
News4 weeks ago
Premium residential values soar across Mumbai, Bengaluru, Delhi-NCR in 2022, says a report by Savills India
-
News4 weeks ago
Real estate expected to remain buoyant in 2023; demand, prices to continue moving northward, say industry bigwigs
-
Guest Column2 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column3 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column3 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column3 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills