MICL Unveils Avaan Tower 2, India’s Tallest Ultra-Luxury Skyrise

20 Mar 2025 CW Team

Man Infraconstruction (MICL) has unveiled Avaan Tower 2, India’s tallest ultra-luxury residential skyrise, in Mumbai’s prestigious Tardeo area. Designed by renowned architect Hafeez Contractor, the 306-metre tower offers breathtaking views of the Queen’s Necklace, Arabian Sea, Mahalaxmi Racecourse, and the Mumbai skyline.

Aimed at high-net-worth (HNI) and ultra-high-net-worth (UHNI) buyers, Avaan Tower 2 features 3, 4, and 5 BHK residences ranging from 1,300 to 3,282 sq. ft. carpet area, spanning a total project area of 6.5 lakh sq. ft. The project is expected to generate revenue exceeding ?3,000 crore. “Aaradhya Avaan is more than a residence—it is a statement of neo-luxury living. With an architectural vision never seen before in India, Avaan merges opulence with innovation,” said Manan Shah, Managing Director, MICL. The tower offers 55+ curated amenities, including an ocean-view infinity pool, UFC gym, sports lounge, Hammam bath, salon, private theatre, bowling alley, and a farmer’s café, ensuring an unmatched lifestyle. MICL continues to push boundaries in luxury real estate, with Manan Shah driving the company’s expansion into global markets, reinforcing its status as an industry trailblazer.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..