Jaipur's Manglam Group Unveils Rs 1.5 Bn Project in Borivali

10 Oct 2025 CW Team

Expanding its footprint beyond Rajasthan, Manglam Group, a Jaipur-based real estate developer, has made its debut in the Mumbai property market with a redevelopment project in Borivali. The initiative, launched under Manglam & Karnani Ventures LLP, underscores the company’s intent to participate in the city’s growing redevelopment ecosystem, which has become a major driver of new housing supply in suburban Mumbai.

Located along SV Road, close to Borivali Railway Station, the project will cover nearly 80,000 square feet of land. It is designed to deliver 80 residential units, split evenly between existing tenants and new buyers. Each apartment will be a two-bedroom configuration with RERA carpet areas ranging from 680 to 776 square feet. Homeowners will also receive lifetime membership to the Mandapeshwar Civic Federation Gymkhana, offering access to social and recreational amenities.

The development represents an investment of roughly Rs 1 billion, with an estimated revenue potential of Rs 1.5 billion. Manglam Group, established in 1997, brings to the table a track record of 87 completed projects, 32 ongoing developments, and delivery of homes to more than 35,000 families across 518 lakh square feet.

Industry data from Knight Frank India highlights that by 2030, Mumbai’s redevelopment pipeline could add over 44,000 apartments valued at nearly Rs 130 billion, with Borivali, Andheri, and Bandra identified as leading hubs. Manglam’s entry into this market signals a calculated move to leverage the demand for modern housing while contributing to the city’s broader urban renewal momentum.

Image Source:https://images.moneycontrol.com/static-mcnews/2022/11/housing-finance-1-770x431-1-770x431.png?impolicy=website&width=770&height=431

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..