Axis RERA Opportunities Fund – I (Axis RERA Fund) has signed a deal to invest `60-crores in the Akshaya Group. The investment by the fund in the Chennai-based developer is the first investment of Axis AMC’s maiden real estate alternative investment fund.

The Axis RERA Fund has invested in Akshaya’s ‘Orlando’, a unique township project. The upcoming project is located in Kelambakkam, on the Old Mahabalipuram Road (OMR) – Chennai’s famed IT corridor which is home to some of India’s biggest IT campuses. The commercial developments on the OMR have encouraged the rapid expansion of residential markets in the vicinity, something that the Akshaya Group is looking to capitalise on.

NEWS ----------SEPTEMBER 2018 Issue
Cygni Energy raises $6.4 Mn to power growth & expansion

Hyderabad-based Cygni Energy Pvt. Ltd., an innovative Solar-DC solutions start-up, has announced that it has raised funds of $6.4-mn through a combination of equity and debt. The equity funding is led by Endiya Partners, a leading early stage venture capital firm that invests in product start-ups, and the debt by IndusInd B   READ MORE...
Cosmos Solutions receives US$950-mn for new eco-friendly energy product
Cosmos Solutions Pvt. Ltd.’s patented new technology to generate more power from engines using micro controllers received a major green signal with a private equity of US$950-million from Linetrust Offshore Ltd. The Head of private equity of Linetrust ASEAN, Dr. Sailesh Lachu Hiranandani, who has spared no effort in promoting the development of renewable energy, assured Cosmos   READ MORE...
Black & Veatch bags IEDCL’s 41MW hybrid project
Black & Veatch has been selected to provide engineering expertise to IL&FS Energy Development Company Limited’s (IEDCL) 41 megawatt (MW) solar photovoltaic (PV), wind, and battery storage hybrid project in India. Core components of the project are 25 MW solar PV and 16 MW wind power generation systems, coupled to an optimised energy storage system.

Technical services for the