Connect with us




News

Planet Smart City launches €60m capital raise to accelerate growth, expansion

Planet Smart City

February 22. 2022 Planet Smart City, the London headquartered player in smart affordable housing, today announced the launch of a €60m capital raise to accelerate the Group’s business plans. Planet’s India business is helmed from Pune with ‘Universe’ at Life Republic township in Pune, as a joint venture with Kolte-Patil Developers Ltd., and has plans to expand to Mumbai and Bangalore.

According to a press release issued by the company, the €60m capital increase is aimed at accelerating the implementation of Planet’s ambitious business plan that includes the launch of approximately 54 smart projects over the next three years (a total of over 40,000 housing units). This will provide a platform to help establish Planet as a world leader in the affordable segment housing by 2030 with more than 45,000 homes sold each year.

Planet’s approach to community building is aligned with the highest environmental and social sustainability standards which can be measured through its proprietary digital platform, the ‘Planet App’. Because of this, services are accessible through digital solutions that provide increased convenience.

Giovanni Savio

Giovanni Savio, co-founder and Global CEO of Planet Smart City commented: “The design of new large-scale residential real estate developments is increasingly characterised by a multidisciplinary approach: technological innovation, digitalisation of services, and solutions that promote sociality. In India, we have planned 20+ smart solutions for project ‘Universe’ at ‘Life Republic’ township in Hinjewadi, Pune. We will continue to expand this successful association. ”

Latest News

News13 minutes ago

UP RERA Approves Six New Real Estate Projects Worth ₹176.28 Crore

Lucknow/Gautam Buddh Nagar, October 13, 2025: The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has approved six new real...

News25 minutes ago

CapitaLand Investment, Listed and Private Funds, Strengthen ESG Leadership Positions in 2025 GRESB Assessment

New Delhi, October 13, 2025: Global real asset manager CapitaLand Investment Limited (CLI), its listed REITs and business trusts, and...

News46 minutes ago

EQBAC Unveils Dollar-Denominated Model Portfolios for India Inbound Investment Through GIFT City

Mumbai, October 13, 2025: Global investment platform EQBAC has launched dollar-denominated model portfolios for Non-Resident Indian investors through GIFT City,...

News1 hour ago

CP67 Mall Hosts Kids’ Entrepreneurial Exhibition ‘Kidspreneur’ in Association with Prepright

Chandigarh, October 13, 2025: CP67 Mall, Mohali, in collaboration with Prepright, hosted ‘Kidspreneur’, a one of its kind entrepreneurial exhibition...

News2 hours ago

Arnya Real estates Fund Advisors Commits ₹415 Cr in Investments Across Residential Projects

New Delhi, October 13, 2025: Real estate-focused investment management firm Arnya Realestates Fund Advisors has announced that it has committed...

News2 hours ago

Concord Control Systems Deepens Partnership with Progota, Boosting Stake to 46.5%

Lucknow, October 13, 2025: Manufacturer of embedded electronic systems and critical electronic solutions Concord Control Systems Limited has said that...

Trending