HCC Completes Major Land Sale Near Mumbai for 95 crore

08 Dec 2023 CW Team

In a notable development in the real estate sector, Hindustan Construction Company (HCC) has successfully completed the sale of a prime land parcel near Mumbai for Rs 95 crore. This strategic move comes as part of HCC's ongoing efforts to strengthen its financial position and streamline its asset portfolio. The land, located in a rapidly developing area, holds significant potential for residential or commercial development, given its proximity to Mumbai's bustling economic hub. The sale attracted multiple bidders, highlighting the continued interest and investment confidence in the region's real estate market. The transaction is expected to provide a substantial boost to HCC's liquidity, aiding in debt reduction and providing capital for future projects. This deal is a reflection of the company's proactive approach to asset management and its commitment to delivering value to its shareholders. Market analysts view this transaction as a positive signal for the real estate market near Mumbai, which has been witnessing increasing demand due to urban expansion and infrastructural developments. The sale is anticipated to pave the way for new growth opportunities in the area.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..