Tishman Speyer, Axis CRE tie up with Kasturi Housing for Rs 1,700 cr Pune office development

Global firms Tishman Speyer and Axis Commercial Real Estate Fund are joining forces with Kasturi Housing. They will develop a Rs 1,700 crore commercial and IT office project in Pune's Balewadi. This venture will create approximately 1 million sq ft of premium office space. Tishman and Axis will hold a combined 50% stake in the development.