Mahindra Lifespace to Redevelop Two Societies in Chembur

18 Sep 2025 CW Team

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, has been selected to redevelop two societies in Chembur, Mumbai, with a combined gross development value of approximately Rs 17 billion.

The societies cover around 2.6 acres and 1.8 acres respectively. The redevelopment plans include well-designed homes prioritising sustainability, modern amenities, and enhanced connectivity, aiming to offer residents a superior living experience while creating long-term value through environmentally responsible practices.

Vimalendra Singh, Chief Business Officer – Residential, MLDL, said, “Redevelopment continues to play an important role in our growth journey. It enables us to bring high-quality residential projects to neighbourhoods where demand remains strong. We are grateful for the trust the societies have placed in us and look forward to contributing to Chembur’s growth story.”

Located in the Diamond Garden area, the projects benefit from Chembur’s strategic position connecting Mumbai’s business districts with the eastern suburbs. The sites are 1.5 kilometres from the Eastern Freeway, providing direct access to Thane, Navi Mumbai, and other key city areas. Connectivity will be further enhanced by the nearby Diamond Garden Metro Station on Line 2, as well as Monorail and railway links. Proximity to business hubs such as BKC and Powai positions the projects for strong future value creation.

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..