Ahmedabad: In a significant milestone for the commercial real estate landscape, Venus Group has completed a transaction of 2,07,838 sq. ft. of premium office space at Stratum at Venus Grounds in Ahmedabad, to a Real Estate Investment Trust (REIT). This marks one of the first instances of developer-led office assets from Ahmedabad being institutionalised under a REIT framework. The identified office inventory, strategically spread across multiple floors at Stratum, Nehrunagar, Ahmedabad, has been leased and monetised through PropShare Celestia, India’s first SM REIT platform. This reflects strong investor confidence in high-quality, income-generating commercial assets from emerging markets. The asset is…
Author: Melvyn Thomas
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Surat: The trade and industries in Surat and south Gujarat have unanimously demanded that the relief scheme like Emergency Credit Line Guarantee Scheme (ECLGS) implemented by the Central Government during the Covid period should be re-implemented keeping in mind the current situation in the Middle East. A delegation led by president of Southern Gujarat Chamber of Commerce and Industry (SGCCI) Nikhil Madrasi met Chief Minister Bhupendra Patel in Gandhinagar and made detailed representation on various important issues concerning the industry. Madrasi while presenting said that the relief scheme like Emergency Credit Line Guarantee Scheme (ECLGS) implemented by the Central Government…
Daman: The impact fee law implemented by the Daman Municipality is being blatantly misused by some builders in the union territory. After the construction was immediately stopped in the name of CRZ despite the construction permit being held by a member of the Daman Municipality itself, the case of construction going on unhindered despite the CRZ approval being not granted by other builders in collusion with the officials has come to light. The impact fee law has been implemented by the Daman Municipality to regularize unauthorized constructions. In which only the constructions done till the year 2022 are covered. In…
Ahmedabad: India’s clean energy push received a major boost as Adani Green Energy Limited announced record-breaking financial and operational performance for FY26, delivering its highest-ever greenfield capacity addition and reinforcing its leadership in the renewable energy sector. The company added a massive 5.1 GW of greenfield renewable capacity during the year—1.5 times higher than the previous year—while expanding its operational portfolio by 35% year-on-year to 19.3 GW. The performance drove a 23% increase in core EBITDA to ₹10,865 crore, underlining strong project execution and operational efficiency. Calling FY26 a “landmark year,” Executive Director Sagar Adani said the company’s rapid expansion…
Surat: The Southern Gujarat Chamber of Commerce and Industry (SGCCI) organised a discussion meeting with the Union Minister of Labour and Employment, Youth Affairs and Sports, Dr. Mansukh Mandaviya, where he interacted with the industrialists of south Gujarat on the current situation prevailing in the industrial sector. Mandaviya said that the country does not progress without industrialists. It is not a crime for the government to help the industry, the government has to work for the industry. Those who create wealth must be respected. After Chanakya, Prime Minister Shri Narendra Modi said this about the Mahajans. He said that the…
Surat: The Indian diamond jewellery market has entered a transformative era, officially overtaking China and Japan to become the second-largest market globally, according to the 2025 De Beers India Diamond Acquisition Study (DAS). Capturing a 12% share of global demand, India’s Natural Diamond Jewellery (NDJ) market is currently valued at INR 497 Billion and is projected to reach 150,000 Croreby 2030. This growth is underpinned by a seismic shift in consumer behaviour, led by a new generation of buyers who view diamonds not as dormant assets, but as essential elements of their daily identity. The study identifies Generation Z as the undisputed powerhouse of the…
Ahmedabad: When people think of investing in the stock market, they look at it from two different perspectives: long-term wealth creation and short-term profit. According to ASSOCHAM, there has been a tremendous surge in retail investor participation. The number of unique investors registered on the National Stock Exchange (NSE) was 3.11 crore in March 2020, which increased 3.6 times to 11.2 crore by February 2025. According to the latest data, this number has crossed 25 crore. This rapid expansion indicates a structural change in India’s financial landscape, pointed out Milan Parikh, Chairman and MD, Jainam Broking Ltd. Words like stocks,…
Surat: The diamond and jewellery manufacturing units located in the Surat Special Economic Zone (SurSEZ) have once again come under scrutiny for irregularities running into crores of rupees. Recently, the Directorate of Revenue Intelligence (DRI) teams from Surat and Mumbai have seized about 16 parcels of diamond jewellery being exported to foreign countries from the jewellery manufacturing company based in SurSEZ. The DRI team has seized jewellery worth crores of rupees being exported from Sachin. Currently, the valuation of this diamond jewellery is pending, and the officials are refusing to say anything officially. It is being reported that a total…
Surat: After Sachin GIDC, now the Special Operation Group (SOG) has busted a factory making and selling adulterated ghee from Saurashtra Industrial Estate in Umra village of Mota Varachha. Soybean oil, vegetable fat and ghee worth a total of ₹12.03 lakhs were seized from this factory. According to information received from SOG, Sub Inspector Dharmendrasinh Vaghela was on patrol with his team regarding elections. Meanwhile, it was reported that a person named Siddharth Himmatbhai Kathiriya, working in Jahal Enterprise, Saurashtra Industrial Estate near Matrix Global School in Umra, Velanja, is making adulterated ghee using vegetable ghee and essence and selling…
Surat: It is that time of the year when a series of fire incidents occur in the textile markets in the country’s largest man made fibre (MMF) industry located on Ring Road and Sahara Darwaja area. In the last five years, fire incidents in the textile markets have left the textile traders in losses to the tune of crores of rupees. In order to prevent such fire incidents in the markets, the Federation of Surat Trade and Textile Association (FOSTA) has prepared an action plan with the officials of Torrent Power Company, under which action will be taken in the…
