Luxury housing sales worth Rs 12.3 billion sold in Mumbai

15 Jul 2024 CW Team

According to a report by India Sotheby?s International Realty and CRE Matrix, the luxury housing market in Mumbai, India?s largest and most expensive property market, is experiencing significant growth driven by unprecedented sales numbers. It was noted that sales of luxury homes priced at Rs 10 crore and above in Mumbai had increased by 8%, reaching a new high of Rs 12.3 billion in the first half of 2024. This represents a substantial rise from the average bi-annual sales of Rs 71 billion observed since 2019. The report highlighted that the ongoing demand for high-end properties reflects a strong sense of optimism and confidence in the Indian economy. Factors such as rising disposable incomes, favorable government policies, and increasing interest from both domestic and international investors were cited as contributing to this upward trend. Furthermore, the development of modern infrastructure and premium amenities in luxury residences is reportedly attracting affluent buyers, further stimulating growth in the market. It was also mentioned that a record-breaking total of 1,040 luxury units were sold in Mumbai over the past 12 months, marking the highest number ever recorded in any 12-month period. This surge underscores the robust and sustained demand for luxury housing in the city.

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..