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 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..