Saturday, June 07, 2025 | 10:39 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Mirae Investments acquires industrial asset in Mumbai for Rs 130 cr

Group's first acquisition under India-focused funds allocation for high-grade real estate

cash, fund, money, Rupee, growth, transaction, investment, sell, buy, market, acquisition, stake, share, stock, incentive
premium

Pratigya Yadav New Delhi
South Korea’s Mirae Asset Global Investments has acquired an industrial asset in Mumbai’s Bhiwandi for Rs 130 crore from Prakhhyat Group.

The pre-leased grade A warehousing property in K-Square Integrated Industrial Park is spread over 9 acres. It is Mirae Asset Investment Group’s first acquisition under its India-focused funds allocation for high-grade real estate.

It is a rare instance where a foreign institutional fund has secured a foothold in the warehousing and industrial market of Bhiwandi.

"Mirae Assets Group is ramping up its global real estate portfolio and has earmarked $500 million to invest in leased Indian commercial assets,” said