Mumbai-based hospitality firm Byke Hotels and Resorts, which has presence in Jaipur, Manali and Kovalam, has also submitted its bids.
The fund will focus on residential projects across Mumbai, Bengaluru, NCR, Pune, Chennai and Hyderabad, and is likely to be deployed within the next 18 months.
At present, Ascendas India Trust operates around 12.6 million sq. ft of office space in Bengaluru, Mumbai, Pune, Chennai and Hyderabad.
The Kanakia group is looking to utilize the land either for mixed used development or building residential projects.
The developer now plans to focus on its premium projects and expand on its own in India following its separation from local partner MGF Developments Ltd.
The 8 lakh sq. ft. luxury housing project is being converted into a 50-storey office building and renamed as ‘Parinee Eminence’.
Some of the tenants of Equinox Business Park include Tata Communications, Experian, Crompton Greaves and Lafarge.
Led by Darshan Hiranandani, H-Energy expects to start commercial operation of its first LNG terminal at Jaigarh in Maharashtra by October.
Oberoi Realty Ltd expects to generate rental revenue of around Rs1,000 crore in the next three years.
AAI could fetch about Rs17,000 crore through its land monetization exercise.