K Raheja Corp Acquires Kandivali East Land for Rs 4.66 Billion

16 Jan 2025 CW Team

K Raheja Corp Real Estate Pvt Ltd has acquired a 5.73-acre land parcel on Ashok Chakravarty Road in Kandivali East, Mumbai, for Rs 4.66 billion. The land was purchased from Global e-Service Pvt Ltd, formerly known as The New Vinod Silk Mills, according to property documents accessed by CRE Matrix, a real estate data analytics firm.

The deal, finalised on December 22, 2024, includes the sale of the entire land parcel and an existing building on the site. The transaction also involved a significant stamp duty payment of Rs 31.7 billion, underscoring the premium valuation of the property.

The acquired land is located in the bustling Kandivali East area, a region known for its strategic location and connectivity. The 5.73-acre parcel is poised to enhance K Raheja Corp’s real estate portfolio.

Additionally, CRE Matrix reported that the Bayside Mall property includes 1,216.29 sq. m. of land, while the Popular Press property spans 1,070.24 sq. m. The Bayside Mall comprises a basement, ground floor, and two upper floors, while the Popular Press building features a ground floor, first floor, and second floor, along with a garage.

In 2024, K Raheja Corp Real Estate made another significant acquisition in Mumbai, purchasing the land and buildings of Crossroad Condominium in the Haji Ali area for Rs 4.76 billion. The property, previously home to the Sobo Central Mall owned by a Kishore Biyani company, was acquired as part of a debt resolution plan for non-performing assets.

These strategic acquisitions highlight K Raheja Corp’s continued expansion in Mumbai’s prime real estate market, reinforcing its position as a leading real estate developer in India.

(Business Standard)

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..