Pharmaceutical Mogul's Family Invests ?9.5 Million in Luxury Worli Apartments

28 Nov 2023 CW Team

In a notable development within Mumbai's real estate realm, the family of BDR Pharmaceuticals' Chairman and Managing Director has recently concluded a substantial acquisition. The distinguished pharmaceutical magnate's relatives have invested a remarkable Rs 81 crore (?9.5 million) in acquiring lavish apartments situated in the esteemed Worli area of Mumbai. This strategic move reflects not only the family's penchant for luxurious living but also underscores the robust and dynamic nature of Mumbai's residential property market, particularly in coveted locales like Worli. The acquisition aligns with the family's commitment to quality living and sound investment strategies, showcasing their confidence in the enduring value of premium real estate. The substantial financial commitment of Rs 81 crore signals a growing trend of high-net-worth individuals recognising Mumbai's real estate market as a stable and lucrative investment avenue. This transaction not only contributes to the family's expanding property portfolio but also adds a noteworthy chapter to the ongoing narrative of Mumbai's flourishing real estate landscape.

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..