Lodha's Palava City eyes Rs 80 billion annual revenue soon

18 Jan 2024 CW Team

Real estate giant Lodha, identified as Macrotech Developers, anticipates that its comprehensive smart township Palava City, sprawling across nearly 5,000 acre near Mumbai, will expand and yield annual revenues of $ 1 billion, equivalent to over Rs 80 billion, in the upcoming years. This growth will be driven by the development of various properties, such as residential and commercial spaces, offices, a life sciences hub, as well as warehousing and industrial areas.

The Palava City project commenced in 2010, with the initial phase covering 300 acres, which were successfully sold and delivered to almost 20,000 families within a span of 4-5 years. In 2014, the company initiated phase 2, spanning 1,000 acres with a developable area exceeding 75 million sq ft, of which more than 20 million sq ft is already complete. At present, the project boasts a population of nearly 175,000 residents.

The MD & CEO of Lodha, Abhishek Lodha, stated, "Palava is witnessing a surge in economic activity with a growing number of employment opportunities, be it in life sciences, back offices, training centers, industrial, or warehousing facilities. Due to its strategic location and the development of significant infrastructure in the vicinity, we are optimistic about a substantial increase in consumer interest, potentially resulting in annual revenue of $1 billion in the next few years."

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..