Adani to Build Rs 100 Bn Township in Panvel

06 May 2025 CW Team

Following its central role in Mumbai’s Dharavi redevelopment, Adani Realty is now planning a major real estate push in Panvel, with a township project worth nearly Rs 100 billion. Spread over 1,000 acres, the proposed “Adani Panvel” township is expected to be one of the largest real estate investments in the Mumbai Metropolitan Region (MMR) in recent times.

The project arrives at a time when Panvel is witnessing rapid infrastructure upgrades, making it a key residential and commercial hub. Improved connectivity through the Mumbai Trans Harbour Link (Atal Setu), along with the upcoming Navi Mumbai International Airport (NMIA), has significantly boosted the area’s appeal. The government’s Third Mumbai plan—Karnala-Sai-Chirner New Town—also places Panvel at the centre of a new wave of urban expansion.

Adani Panvel is expected to further accelerate real estate activity in Navi Mumbai, driving prices upward and attracting more investment. Market experts say the project’s scale and backing by a major developer mark a turning point for the region.

Dhiren Tharwani, Director of Tharwani Realty, stated that Navi Mumbai is evolving from an affordable housing zone into a premium and ultra-premium destination. Jignesh Visaria, Partner at The Platinum Group, added that Adani’s 1,000-acre land acquisition signals a broader shift towards large-scale integrated townships. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, echoed this sentiment, highlighting Navi Mumbai’s transformation into one of the city’s most promising real estate markets.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..