Prestige Group Acquires Land in Mira-Bhayandar

21 Nov 2024 CW Team

Prestige Group, a prominent player in India's real estate sector, has acquired a 22,135 square meter plot of land in the Mira-Bhayandar area for ?291.58 crore. This acquisition marks a significant expansion of the group's presence in the Mumbai metropolitan region, a highly competitive and rapidly growing real estate market.

The newly acquired land is expected to be used for either a residential or mixed-use development, enhancing the group's portfolio with potential high-value projects. Mira-Bhayandar, a part of the Mumbai Metropolitan Region (MMR), has been experiencing rapid growth in residential and commercial infrastructure, driven by increased urbanization and the demand for housing and commercial spaces in proximity to Mumbai.

With this purchase, Prestige Group is looking to capitalize on the expanding real estate market in Mira-Bhayandar, an area known for its affordable housing options and growing commercial infrastructure. The deal highlights the group's strategy to tap into emerging markets in and around Mumbai, which continue to offer promising returns for developers and investors.

This acquisition is aligned with Prestige Group's vision to enhance its market presence and portfolio in key urban areas. The group's strong focus on residential, commercial, and mixed-use developments has helped it establish a commanding presence in India's top real estate markets. With this latest land purchase, Prestige Group is poised to further strengthen its footprint in Mumbai's expanding suburban landscape.

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..