Its IPO of upto INR 4600 million is aimed at strengthening its balance sheet and also involves an offer for sale.

Eleven though the demand is huge in amount, the company assured that it would not have any immediate financial or operational impact on the company.

The business posted an operating EBITDA of ₹883 Crore. This was 32% higher on a year-on-year basis to ₹669 Crore.

Its competitive strategy is to acquire full buildings in high demand micro markets and renovate older Grade B properties.