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 Urban

09 Apr 2026

Mineral Auction Rules Amended To Speed Mine Operationalisation

The Ministry of Mines notified the Mineral (Auction) Second Amendment Rules, 2026 on 30 March 2026 to accelerate operationalisation of mines and improve ease of doing business in the mining sector. The amendment follows a prior change to the Mineral (Auction) Rules, 2015 effected on 17 October 2025 that introduced intermediary timelines between issuance of a letter of intent (LoI) and execution of the mining lease. The 2025 change provided that one per cent of performance security would be appropriated for each month of delay by the preferred bidder and introduced incentives for early operatio..

Indian Railways Strengthens Telecom And AI Safety Systems

Indian Railways strengthened its telecom and digital infrastructure during 2025-26 with the aim of improving safety, operational efficiency and the passenger experience. The programme promoted modernisation through advanced technologies, robust communication systems and passenger-centric solutions. These measures were presented as part of a drive to build a digitally integrated rail ecosystem. A key development was the enhancement of the Internet Protocol Multi-Protocol Label Switching (IP MPLS) backbone, commissioned at 1,396 stations to meet bandwidth needs of mission-critical applications. ..

NHAI Holds Workshop on Litigation Management and Coordination

The National Highways Authority of India (NHAI) organised a day-long workshop in New Delhi to strengthen capacity and interdepartmental synergy for faster execution of national highway projects. The event was held under Mission Karmayogi – Sadhana Saptah, an initiative of the Government of India to enhance governance through capacity building and improved processes. The workshop focused on structured and solution oriented deliberations to address implementation constraints. The session was chaired by the NHAI chairman Santosh Kumar Yadav and brought together senior officials from NHAI, the M..