Infibeam Group buys Sintex corporate house from NBFC

Infibeam Projects Management Pvt Ltd, a subsidiary of Infibeam Avenues Ltd, has purchased a Sintex Group corporate house in Ahmedabad. The property, which includes a 7,000 square metre plot and 4.20 lakh square feet of constructed property, was bought for between Rs 90 crore and Rs 100 crore. Infibeam intends to develop a commercial space for startups and IT companies on the plot, which is located near Vaishnodevi Circle. The purchase is part of Infibeam’s plans to provide workspace to fintech startups and IT companies.