Clear Bridge Ventures acquries IT Park and Two acre land for rs 335 crore in Mumbai

Venture capital and investment firm Clear Bridge Ventures has purchased an information technology (IT) park along with a nearly 2-acres parcel it is built on in Mumbai’s western suburb Malad from Property Ventures (India) for Rs 335 crore. The seller of the IT Park 4th Dimension and the land parcel on Linking Road is a subsidiary of RK Marbles. The property with ground plus six floors was developed in 2002 and has over 147,000 sq ft saleable built-up area. The IT park also has 129 parking slots for car and transportation vehicles. Clear Bridge Ventures operates in the venture capital and investment space, focusing on providing funding and strategic support to startups and emerging businesses. ET’s separate email queries to Clear Bridge Ventures and RK Marbles remained unanswered until the time of going to press. Demand for office properties in India has witnessed a significant surge, driven by rapid expansion of IT and ITeS sectors, rise of startups and growing trend of hybrid workspaces. The demand is further bolstered by the return to physical offices post- pandemic, as businesses seek to enhance collaboration and innovation, leading to enhance collaboration and innovation, leading to increased leasing activity in key commerical hubs. 
 

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