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K Raheja Corp to Redevelop SOBO Central Mall into Luxury Residences

K Raheja Corp plans to transform SOBO Central Mall

K Raheja Corp plans to transform SOBO Central Mall, India's first mall, into a luxury residential project, according to sources familiar with the matter. Located on a 1.3-acre site in the prime Haji Ali area, the redevelopment envisions a 50-storey sea-view luxury tower with a development potential of nearly 250,000 sq ft.

Given the prevailing property prices in the area, the project is projected to generate revenue exceeding ₹2,000 crore.

Published: 23 April 2024

bauma Conexpo India 11 - 14 Dec 2024

India's Bullet Train Project to Introduce J-Slab Track System

The Mumbai-Ahmedabad Bullet Train project is set to introduce the innovative J-Slab track system, a first in India, modeled after the Japanese Shinkansen track system. Covering 352 km across Gujarat & DNH, the project entails

Kalpataru to Redevelop 4-Acre Mumbai Society

Kalpataru, a prominent real estate developer, is set to revamp a four-acre housing society in Mumbai. This ambitious project focuses on improving resident amenities and revitalizing local infrastructure. Positioned in Mumbai

NHAI Plans Groundbreaking Self-Repairing Road Technology

The National Highways Authority of India (NHAI) is set to introduce a revolutionary road maintenance technology in the country. This innovative approach involves utilizing a new type of asphalt infused with steel fiber and bitumen.

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Madurai Highways Dept Initiates Land Acquisition for 4-Way Bypass Road

Following the completion of the Kochadai grade separator, which facilitates smoother city traffic flow up to Virattipattu via HMS Colony, the State Highways Department (NH wing) has commenced land acquisition for the construction

DP World inaugurates Grade A warehouse in Goa

DP World has inaugurated warehousing operations in Loutulim, Goa, boasting a Grade A facility situated 31 km from Mormugaon Port, 23 km from Dabolim airport, and 25 km from Panjim city, with full safety compliance and convenient

Indian Construction Equipment Industry Witnesses 26% Sales Growth

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment (CE) industry has recorded a 26% increase in overall sales volume for FY 2023-24, surpassing

Ind-Ra Maintains Neutral Outlook for Construction Sector for FY25

India Ratings and Research (Ind-Ra) has reaffirmed a neutral outlook on the construction sector for FY25, while highlighting a deteriorating sub-sector outlook for roads engineering, procurement, and construction (EPC).

Max Estates Seals Deals for Residential Development Worth ₹9,000 Cr

Max Estates has finalized binding agreements for a potential group housing residential development spanning 18.23 acres of land in Gurugram. With an estimated gross development value (GDV) surpassing ₹9,000 crore, this project covers

Kuehne+Nagel India launches e- vehicles to decarbonise its road services

Kuehne+Nagel has partnered with Magenta Mobility to provide electric vehicles (EVs) for its road logistics operations in India. “As part of our Roadmap 2026 and Vision 2030 to become the most trusted supply chain partner supporting

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ArcelorMittal Reports Strong 2024 First Quarter Earnings

ArcelorMittal unveiled its first-quarter earnings for 2024, showcasing improved performance driven by rebounding volumes and increased steel spreads. Adjusted steel shipments surged by 5.0% in the first quarter of 2024 compared

SM REITs to Unlock ₹68,000-71,000 Cr Monetisation Opportunity: ICRA

According to a report by ICRA, the introduction of Small and Medium REITs (SM REITs) regulations could potentially unlock a monetisation opportunity of ₹68,000-71,000 crore for small office spaces. Rajeshwar Burla, Senior

Max Estates Secures ₹388 Cr Investment from New York Life

Max Estates Limited, the real estate arm of the Max Group, unveiled a significant strategic investment of ₹388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Under the agreement, upon

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Jindal Stainless announces ₹5400-cr investment strategy

Jindal Stainless has unveiled a comprehensive investment strategy totalling nearly ₹5,400 crores, aimed at expanding its melting and downstream capacities, alongside strategic acquisitions, with the goal of positioning itself

Dalmia Transport selects Roadzen’s DrivebuddyAI to enhance fleet safety

Roadzen Inc., an insurance technology company, has announced that Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations for five years.

KEC International Secures Diverse Orders Worth ₹1,036 Cr

KEC International Ltd., an RPG Group Company and a prominent global infrastructure EPC major, has announced the acquisition of new orders valued at ₹1,036 crores across its various business segments. These orders encompass a wide range

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Construction Pace Expected to Slow in FY25, Says CareEdge Ratings

According to CareEdge Ratings, the pace of construction in India is projected to decline by 7-10% in FY25 due to heightened execution challenges. Although the construction pace for National Highways saw a healthy increase

DBF and KVB Partner for Rural Youth Skill Development

Dalmia Bharat Foundation (DBF) and Karur Vysya Bank (KVB) have signed an MoU to empower rural youth through skill development. The initiative aims to train 400 individuals across Tamil Nadu, Andhra Pradesh, and Karnataka, offering

Rockwell Automation to Open New Manufacturing Facility in Chennai

Rockwell Automation, the world's largest company dedicated to industrial automation and digital transformation, has announced plans to establish a new manufacturing facility in Chennai, India. Spanning 98,000 square feet with provisions

bauma Conexpo India 11 - 14 Dec 2024

Construction sector entities’ revenues to grow by 12-15% in FY25: ICRA

ICRA anticipates the construction industry in India to sustain a robust revenue growth trajectory in FY2025, projecting a year-on-year growth of 12-15% following an impressive 18-20% revenue growth in FY2024. The Government's emphasis

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