Marico MD buys luxury apartment in Mumbai?s Worli for Rs 364 million

12 Aug 2024 CW Team

Saugata Gupta, Managing Director and CEO, Marico, has acquired a luxury apartment in Mumbai?s upscale Worli neighborhood for Rs 364 million. The apartment, spanning nearly 4,372 sq ft, is situated on the 24th floor of a high-end residential project. Gupta and his wife, banker Reema Sen, are co-owners of the property. The purchase values the apartment at Rs 83,264 per sq ft and includes five exclusive car parking slots. The buyers have also paid Rs 21.8 million in stamp duty for the transaction, which was registered on July 29, according to documents from Zapkey.com. In 2023, residential property sales across India?s top eight cities reached unprecedented levels, driven by strong demand in mid-income, premium, and luxury segments. Mumbai led this trend, setting new records in property transactions and achieving notable performance in July. The city's property market saw monthly registration numbers surpass 10,000 in the first seven months of 2024 and has experienced consistent year-on-year growth in registrations since August 2023, highlighting sustained buyer confidence and market strength. (ET)

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..