Max Estates acquires Gurugram land for Rs 3,000 crore housing project

09 Sep 2025 CW Team

Gurugram, 6 September 2025: Max Estates has acquired a 7.25-acre land parcel in Sector 59, Gurugram, to develop a premium residential project with an estimated sales potential of over Rs 3,000 crore. The project will have a total development potential of 1.3 million sq ft.

The company’s board has approved the acquisition of Base Buildwell Pvt Ltd (BBPL), a special purpose vehicle holding the licence and development rights for the site on Golf Course Extension Road. The transaction involves purchasing 100 per cent of BBPL’s share capital, comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each. The total outlay is estimated at Rs 534 crore, including security deposits, Transferable Development Rights, and related approvals.

This project aligns with Max Estates’ strategy to expand its presence in the Delhi-NCR real estate market through high-quality residential and office developments. Once completed, BBPL will operate as a wholly-owned subsidiary of the company.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..