Mahindra Lifespaces Development sells 9.24 acre of land to Urban Rise

31 Mar 2023 CW Team

The Mahindra Group's real estate and infrastructure development company, Mahindra Lifespaces Developers (MLDL), has sold Urban Rise, Alliance Group, 9.24 acre of residential land.

The site is a part of Chennai's Mahindra World City (MWC), and Alliance Group will handle the development. The cost of an acre of land in Chengalpattu ranges from Rs 35 million to Rs 50 million.

MWC Chennai is an integrated city with a vibrant industrial zone paired with social amenities like a school, a hospital, a retail zone, numerous hotels, and a premium club.

The proposed construction will increase MWC Chennai's product options and enhance the value of this integrated metropolis.

The project will be constructed under Alliance Group's Urban Rise brand and is on a permanent lease.

The proposed project will enhance the current residential and business options in Mahindra World City. 2500 families have already moved into MWC Chennai's multi-format residential alternatives, which range from the value to the premium category.

Also read:
NBCC inks MoU to help in cons. of 1 lakh housing units
Runwal Group invests Rs 45 billion in commercial real estate

Infrastructure Transport

12 Mar 2026

Kavach 4.0 Commissioned on Delhi–Mumbai and Delhi–Howrah

"Kavach version four has been commissioned on 1,452 route km, covering the high density Delhi–Mumbai and Delhi–Howrah corridors. The rollout included laying 8,570 km of optical fibre, installation of 1,100 telecom towers, deployment of trackside equipment over 6,776 RKm and establishment of 767 station data centres. Trackside implementation has been taken up on 24,427 RKm covering Golden Quadrilateral, Golden Diagonal and High Density Network sections. The programme aims to strengthen signalling and train protection on key routes.Kavach is an indigenously developed automatic train protecti..

Railways Advance Kalyan–Murbad Line And Mumbai Capacity Expansion

"Indian Railways is advancing multiple rail infrastructure projects in Maharashtra, including the sanctioned Kalyan–Murbad new line and sizable investments under the Mumbai Urban Transport Project and the Mumbai–Ahmedabad High Speed Rail project. The Kalyan–Murbad 28 km new line has been sanctioned at Rs 8.36 billion (bn) on a 50:50 cost-sharing basis with the Government of Maharashtra and has been declared a Special Railway Project for land acquisition; proposals covering 214 hectares are at various stages of acquisition. Budgetary outlay for projects falling fully or partly in Maharash..

Parliamentary Panel Flags Funding Gaps in Heavy Industries

"The Department-Related Parliamentary Standing Committee on Industry (Rajya Sabha) presented its 332nd report on the Demands for Grants 2026-27 of the Ministry of Heavy Industries (MHI). Figures converted from crore and lakh are expressed in million (mn). The Budget Estimates 2026-27 for the Ministry stand at Rs 79,399 mn against a projected requirement of Rs 94,843.2 mn, a shortfall of about 16 per cent, with revenue at Rs 79,370.8 mn and capital compressed to Rs 28.2 mn from Rs 5,020 mn.The committee flagged recurring BE-to-RE compression and declining revised estimate utilisation, and calle..