India, RAK Mull Long Term Deal For Limestone And Green Steel
Union Steel Minister H D Kumaraswamy met Ras Al Khaimah (RAK) ruler Saud Bin Saqr Al Qasimi in Dubai to discuss securing long term access to low silica limestone from the UAE and collaborating on green steel production. The talks coincided with the Minister’s inauguration of new overseas offices for state owned engineering firm MECON and miner NMDC.Both sides examined opportunities in green hydrogen, value added steel exports from India, and setting up calcined lime plants in RAK that would use the emirate’s limestone and natural gas. Kumaraswamy invited RAK to join Indian ..
Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn
Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..
Rustomjee Wins Rs 45 Billion GTB Nagar Redevelopment
Keystone Realtors Ltd, the Bengaluru based developer behind the Rustomjee brand, has secured a Letter of Acceptance to overhaul GTB Nagar in Sion, Mumbai, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). Occupying about 11.19 acres, the project will rehouse more than 1,400 families and unlock roughly 2.07 million square feet of saleable area.Keystone estimates the scheme’s gross development value at about Rs 45.21 billion, with free saleable space expected to generate over Rs 45 billion in revenue. The redevelopment underscores the com..
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