Building with vision
ECONOMY & POLICY

Building with vision

Mofatraj P. Munot, the visionary founder and industry stalwart behind Kalpataru, has once again made headlines. Under his leadership, Kalpataru's Rs.1,590-crore IPO was fully subscribed and will be listed...

Mofatraj P. Munot, the visionary founder and industry stalwart behind Kalpataru, has once again made headlines. Under his leadership, Kalpataru's Rs.1,590-crore IPO was fully subscribed and will be listed early July. A recipient of the 2024 Construction World Lifetime Achievement Award, Mr. Munot brings decades of deep expertise in civil engineering and infrastructure. His foresight has helped shape Kalpataru into a trusted name with a pan-India footprint across residential, commercial, and township developments. His portfolio also includes Kalpataru Projects International, the infrastructure company which was awarded among the fastest growing construction company in the ultra large category at the 22nd Construction World Global Awards, with an operating revenue of over `190 billion and currently has an order book of `645 billion. In June, the newly secured projects include the company’s largest-ever order in the Building & Factory business involving the development of over 12 million sq ft of residential buildings along with associated infrastructure on a design and build basis.

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Infrastructure Transport

Versova–Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

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Real Estate

CRISIL Leases Rs 6 billion Office Space in Mumbai’s Powai

CRISIL, a leading global analytics and rating agency, has signed a long-term lease worth nearly Rs 6 billion for about 250,000 sq ft of office space in Mumbai’s Powai. The lease, among the largest in the city’s commercial property segment, spans approximately 15 years.The company will occupy a new building at Hiranandani Business Park in Powai, one of Mumbai’s most premium business districts known for its modern infrastructure and connectivity. The lease, structured on a long-term model, underscores the growing demand for high-quality, large-scale office spaces from financial and knowled..

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Real Estate

Kolte-Patil Acquires 7.5-Acre Pune Land with Rs 14 bn GDV

Kolte-Patil Developers has acquired a 7.5-acre land parcel in Pune’s western micro-market, with a projected gross development value (GDV) of around Rs 14 billion. The project will be developed as a premium residential community catering to mid and upper-income homebuyers. Located along the Baner-Balewadi corridor, the land is strategically positioned near Pune’s IT and commercial hubs. The acquisition is expected to strengthen the company’s presence in the city’s high-demand residential zones.According to the developer, the project will feature contemporary amenities and sustainab..

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