Mumbai Luxury Home Sales Hit Rs 147.50 Bn in H1 2025
Mumbai’s luxury housing market (Rs 100 million and above) has achieved a record high in the first half of 2025, with sales worth Rs 147.50 billion across both primary and secondary markets, according to a joint report by India Sotheby’s International Realty and CRE Matrix.This marks an 11 per cent rise compared to Rs 123 billion in the same period last year (H1 2024). Combined with sales in H2 2024, the overall luxury housing segment hit an all-time high of Rs 287.50 billion between H2 2024 and H1 2025.The surge reflects robust demand driven by rising wealth, strong investor sentiment, and..
Afcons Infra Emerges Lowest Bidder for Rs 68-Bn Croatia Railway Project
Afcons, Croatia railway project, Indian infra overseas bid, Global rail infrastructure, Shapoorji Pallonji Afcons, Railway construction contractAfcons Infrastructure, part of the Shapoorji Pallonji Group, has been declared the lowest bidder by HŽ Infrastruktura d.o.o. (HŽ Infrastructure) for a major railway construction and rehabilitation project in Croatia.The contract involves reconstructing existing tracks and building a second line on the Dugo Selo–Novska section, along with overhead electrification, signalling, and telecommunication systems. Valued at Rs 68 billion, the project will f..
CAG Flags Rs 5.73 Bn in Lapses across Indian Railways
The Comptroller and Auditor General of India (CAG) has identified financial lapses and operational shortcomings amounting to over Rs 5.73 billion across Indian Railways, raising concerns over systemic issues in revenue recovery, asset management, and project execution.The findings are part of Audit Report No. 5 of 2025, which was tabled in the Lok Sabha and earlier laid before the Rajya Sabha on 4 April. The report includes 25 key audit observations based on test audits conducted up to the financial year 2022–23, with some updates from later periods.The report comes at a time when Indian Rai..
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