03 Nov 2025

The state urban development department has named the Slum Rehabilitation Authority (SRA) and Dharavi Redevelopment Project (DRP) as special planning authorities for the 42.51-acre Jamasp Salt Pan land in Mulund East and the 8.5-hectare Kurla Dairy land. These parcels form part of the 256-acre land approved by the Centre for the Dharavi redevelopment, aimed at housing ineligible residents through rental units. Navbharat Mega Developers Pvt Ltd, the special purpose vehicle for the project, paid INR 320 crore for the Salt Pan land, which it took possession of earlier this year.Read more

03 Nov 2025

Starlink Satellite Communications Pvt Ltd, the Indian arm of SpaceX, has leased a 1,294 sq ft office in Mumbai's Boomerang commercial complex, Chandivali, marking a key step in expanding its India presence. The five-year lease, registered earlier this week, carries a monthly rent of INR 3.52 lakh with a 5% annual escalation and a security deposit of INR 31.7 lakh. The move aligns with Starlink's preparations to launch satellite broadband services pending Department of Telecommunications approval, and its plan to establish nine gateway earth stations, including one in Mumbai.Read more

02 Nov 2025

Shriram Properties Ltd has entered into a joint development agreement with a landowner to develop a premium residential project in Hinjewadi, Pune, with an estimated gross development value (GDV) of around INR 700 crore. The project, spread across 0.7 million sq ft, will be the company's second venture in Pune. The firm, which recently entered into another similar agreement in North Bengaluru, continues to expand its footprint in key urban markets, supported by strong demand from the city's IT and industrial sectors.Read more

02 Nov 2025

The long-awaited redevelopment of Rajaji Nagar in Thiruvananthapuram is set to begin its first phase under the National Smart Cities Mission. The initial block, costing INR 9 crore, features 32 two-bedroom apartments of about 600 sq ft each and is ready for opening next month. Designed for expansion up to six floors, the project will eventually house 48 families. Spread across 12.6 acres, the larger redevelopment will upgrade drainage, roads, parking, and community spaces. Despite earlier delays and relocation challenges, around 20 families have already moved into temporary housing. The project marks a key step toward modernising Rajaji Nagar while preserving its long-established community fabric.Read more

01 Nov 2025

NOVA Control Tecnologix (NOVA), a deep-tech subsidiary of e2E Transportation Infrastructure Limited, has announced its launch as India's full-stack rail Original Equipment Manufacturer (OEM) along with a strategic partnership with Tata Elxsi to co-develop Kavach 4.0, the next-generation indigenous automatic train protection (ATP) system. Under the partnership, NOVA will manage manufacturing, testing and integration, while Tata Elxsi will lead hardware and software design, prototyping, RDSO/SIL4 safety certification and cybersecurity. The initiative aims to strengthen India's self-reliance in railway safety and accelerate nationwide adoption of Kavach 4.0.Read more

31 Oct 2025

Dutch horticultural company Van der Hoeven Horticultural Projects recently announced that it had secured three contracts totalling around 40 million euros to build advanced greenhouses for strawberry cultivation in India. The projects, spanning 8 hectares across Punjab, Tamil Nadu and Karnataka, will introduce the firm's high-tech systems for climate control, irrigation and automation. The initiative forms part of HortiRoad2India, a Dutch-led public-private partnership promoting sustainable and climate-smart agricultural technologies in India.Read more

31 Oct 2025

BCPL Railway Infrastructure Ltd (BCPL) has received a contract worth INR 32.58 crore from Rail Vikas Nigam Ltd (RVNL) for overhead electrification (OHE) modification in parts of the Dhanbad Division under East Coast Railway. The project involves 25 kV works, including design, supply (excluding certain steel structures and conductors), erection, testing, and commissioning of a 2×25 kV feeder line system. The project is targeted to support a 3,000-tonne loading capacity and is expected to be completed within 16 months. BCPL's management expressed optimism about sustained project inflows in the rail electrification sector.Read more

31 Oct 2025

Vaishnavi Group has announced a new luxury residential project in Bengaluru with an estimated gross development value of INR 1,200 crore. The project, named Vaishnavi AT-One Krishna Brindavan, spans 4.95 acres and will feature 359 upscale homes, with prices starting at INR 3.5 crore. While the company has not disclosed the overall project cost, it emphasized Bengaluru's growing appeal among high-net-worth individuals, driven by the city's strong business environment and premium lifestyle offerings.Read more

31 Oct 2025

The Thiruvananthapuram City Corporation has revived the long-delayed Poonkulam housing project, which had been stalled since 2008 due to financial constraints. Originally planned to deliver 120 houses under the BSUP scheme, only two floors were completed at a cost of INR 2.96 crore, with total expenses later estimated at INR 9 crore. The revised plan now targets 32 families, fully funded by the Corporation. Following a structural and stability audit by the College of Engineering, Thiruvananthapuram, a fresh tender will be issued. With an expected completion timeline of 18-24 months, the initiative aims to provide affordable housing and restore confidence in the city's ability to deliver long-pending BSUP projects.Read more

30 Oct 2025

Arvind SmartSpaces Ltd, a part of the Lalbhai Group, has entered the Vadodara residential market through a new joint development project valued at over INR 700 crore. The large-scale horizontal project marks the company's 23rd development in Gujarat, underscoring its focus on strengthening its state-wide presence. The company said the initiative aligns with its expansion strategy into high-potential markets, with further projects expected across Gujarat, Bengaluru, and the Mumbai Metropolitan Region amid a sustained positive outlook for India's real estate sector.Read more