New York Life Invests in Max Estates

03 May 2024 CW Team

In a strategic move, New York Life Insurance Company has injected Rs 3.88 billion into Max Estates, acquiring a 49% stake in two office properties. This significant investment underscores the confidence of global investors in India's real estate sector despite prevailing market conditions.

Max Estates, a subsidiary of Max Group, has been steadily expanding its footprint in the commercial real estate segment. The infusion of funds from New York Life will bolster Max Estates' growth trajectory and further strengthen its position in the market.

The two office properties, located in prime locations, are poised to benefit from this partnership. With New York Life's backing, Max Estates aims to enhance the value proposition of these properties and attract high-quality tenants.

This collaboration not only reflects the attractiveness of Indian real estate assets to international investors but also highlights the potential for further investment in the sector. The infusion of capital will enable Max Estates to pursue its development plans and explore new avenues for growth.

New York Life's investment in Max Estates reaffirms the long-term prospects and resilience of India's commercial real estate market. It signals a vote of confidence in Max Estates' capabilities and strategic vision to deliver value to its stakeholders amidst evolving market dynamics.

Overall, this partnership between New York Life and Max Estates is poised to drive innovation, growth, and sustainability in the commercial real estate landscape, setting a positive precedent for future collaborations in the sector.

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..