Khaitan & Co advised Axis Commercial Real Estate Fund and Tishman Speyer on their strategic partnership with Kasturi Housing to jointly develop a Grade-A commercial and IT office project in Balewadi, Pune.
The project is valued at ~INR 1,700 crore and will deliver around 1 million sq ft of premium office space in Pune. Tishman and Axis will jointly hold 50% stake, while Kasturi Housing retains the rest. The development is positioned to meet growing demand for high-quality office infrastructure in Pune — especially from technology and corporate services firms and is expected to set a new benchmark in commercial real estate supply in the region.
The deal was assisted by:
Real Estate: Devendra Deshmukh (Partner) and Anirudh Jakhotia (Principal Associate)
The core team comprised Deepak Jodhani (Partner), Gautam Suseel (Partner) and Amulya Sharma (Principal Associate)