Homeland, VRC Acquire Mohali Land for Mixed-Use Projects

30 Mar 2026 CW Team

Homeland Group, in collaboration with VRC, has acquired two prime mixed land-use parcels in Mohali through a GMADA e-auction, marking some of the highest bids recorded for such developments.

A 5.5-acre parcel near the Chandigarh border was acquired at approximately Rs 700 million per acre, generating around Rs 4 billion for the Greater Mohali Area Development Authority. Additionally, a 13-acre site in Sector 62 was secured at about Rs 470 million per acre, with the total deal value exceeding Rs 6 billion.

The projects will be developed jointly, featuring premium residential apartments integrated with commercial spaces. Together, the developments will span around 5 million sq ft of built-up area, with a total land investment of nearly Rs 10 billion.

Commenting on the development, Umang Jindal, CEO, Homeland Group, said, “Each site offers unique benefits—the YPS location is strategically situated adjacent to Chandigarh… while the Sector 62 parcel is positioned in Mohali’s downtown area… surrounded by well-established commercial hubs.”

The developments are targeted for completion by the first quarter of 2031 and are expected to rank among the largest mixed-use projects in Mohali, reinforcing the region’s growth as a key real estate destination in the Tricity market.

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..