Sachin Tendulkar's Company Leases Two Apartments in Mumbai's Bandra

22 Dec 2023 CW Team

In a strategic move, a subsidiary of Kalpataru Group successfully raises Rs 5.25 billion to support the completion of 10 residential towers in Mumbai. This financial injection underscores the dedication to advancing ongoing real estate projects and emphasises the crucial role of substantial funding in ensuring the timely and successful delivery of projects in the competitive market.

The funding secured by Kalpataru Group's subsidiary is expected to be instrumental in overcoming financial challenges and expediting the completion of the 10 residential towers. Timely project completion is not only essential for meeting buyer expectations but also plays a pivotal role in maintaining the developer's reputation and sustaining momentum in the dynamic real estate sector.

This development reflects the continued confidence in the real estate market, with investors showing interest in supporting established developers like Kalpataru Group in their endeavours. The financial backing is likely to contribute to the progress of the residential projects, meeting the evolving demands of homebuyers and adding to the vibrancy of Mumbai's real estate landscape.

Infrastructure Transport

22 Sep 2025

NHAI Tightens Contractor Norms to Boost Highway Quality

The National Highways Authority of India (NHAI) has revised Request for Proposal (RFP) provisions to enhance the quality of highway projects, reduce delays, and lower lifecycle costs. The updates tighten contractor qualification norms, strengthen execution compliance, and increase financial transparency, the Ministry of Road Transport and Highways (MoRTH) said on Wednesday.The stricter RFP clauses will ensure that only technically capable and experienced contractors are eligible for national highway projects. RFPs formally invite bids from contractors, specifying project requirements, terms, a..

Imphal to Gain Rail Connectivity with Jiribam Line Soon

Indian Railways is advancing rapidly on the Jiribam–Imphal railway line, a landmark project set to bring train connectivity to Imphal, the capital of Manipur. The 110.625 km line falls under the administrative control of the Northeast Frontier Railway (NFR) zone.Following the recent completion of the Bairabi–Sairang rail project, which enabled services from Aizawl (Sairang), Imphal will soon join the national rail network. During his visit to Manipur on 13 September 2025, Prime Minister Narendra Modi affirmed that the government is investing Rs 22 billion in the project.Currently, a 55.36 ..

Adani to Double Colombo Terminal Capacity Ahead of Schedule

India’s Adani Group and its partners are set to double the capacity of the $840 million Colombo West International Terminal months ahead of schedule, despite relinquishing $553 million in U.S. funding, according to an executive at partner firm John Keells Holdings.The deepwater terminal, situated alongside a facility operated by China Merchants Port Holdings, highlights Sri Lanka’s strategic role in the contest for influence in the Indian Ocean between New Delhi and Beijing.The first phase of the fully automated terminal became operational in April 2025. The second and final phase is under..