PioneerUrban launches Rs 3 billion senior living project ‘Advait’

10 Apr 2025 CW Team

PioneerUrban Land and Infrastructure has announced its entry into luxury senior living with a Rs 3 billion investment in ‘Advait’, a JV with J K Organisation. Located in Sector 50, Nirvana Country, Gurugram, the 2.6-acre project is scheduled for occupancy by early 2027.

‘Advait’ is the first IGBC platinum-certified senior living project in Haryana licensed under the State’s Retirement Policy. It features two-bedroom apartments with caretaker’s rooms across 18-storey towers. The complex includes a 35,000 sq ft clubhouse, wellness facilities, and round-the-clock medical support by Fortis Hospital Gurugram.

India’s senior living housing demand is projected to hit 2.3 million units by 2030. Positioned to address this growth, ‘Advait’ offers modern, vehicle-free green landscapes and air-purified homes to promote healthy living.

“We are proud to expand our presence in the Senior Living space with the launch of Advait. Our investment reaffirms our commitment towards creating exceptional luxurious living spaces. With a strong focus on sustainability, cutting-edge architecture, and resident-centric designs, we will continue to set new benchmarks in the uber-luxury real estate sector.”

— Manish Periwal, Chairman & Managing Director, PioneerUrban

“India has shown remarkable enthusiasm for the senior living concept. While the industry has traditionally been concentrated in Southern India (accounting for 40% of current inventory), we are now witnessing significant growth in other emerging regions, particularly in the North. Advait is a testament to this evolution, reflecting our keen vision to foster an ecosystem of exceptional real estate projects that cater to both present and future needs.”

— Rakesh Bohra, Chief Operating Officer, PioneerUrban

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..