Mumbai based Beyond Squarefeet Advisory Private Limited has acquired IDEAS Consultancy and Advisory - a division of IDEAS Advisory & Property Management Private Limited (India) and the South-Asia arm of Ideas Advisory Pte Ltd (Singapore).
Post this deal, Surjit Rajpurohit will head the mall/asset management business of Beyond Squarefeet as Director – Business Strategy.
IDEAS is a consulting and advisory firm which provides asset management services for retail real estate assets. The firm's strategic consulting arm provides services to all asset classes ranging from Commercial/Office real estate, Residential, Hospitality, Hospitals and Educational Institutions.
Infrastructure company IVRCL has sold its entire 75% stake in Chennai Water Desalination Ltd to Dubai based Utico FZC. The deal provides the plant having a networth of R24 Cr with an equity valuation of R150 Cr.