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 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..