Sri Lotus Developers Enters GIFT City With ~1 mn Sq ft Project

13 Jan 2026 CW Team

The company has entered the Gujarat market for the first time through a development agreement with Abhishek Bachchan for a freehold land parcel in the GIFT City Area. The project will be executed through the company’s subsidiary, Rise Root Projects Pvt. Ltd., and will follow a profit-sharing model. The asset-light structure is expected to enhance capital efficiency while enabling Sri Lotus Developers to leverage its core strengths in design, planning, development and execution.

Marking a significant milestone beyond its core Mumbai market, the GIFT City project is positioned as a strategic expansion into one of India’s fastest-growing financial and business hubs. The development will comprise a carefully planned mix of premium retail spaces, Grade-A commercial offices and high-end residential units, catering to the rising demand from financial institutions, fintech companies and IT/ITeS firms operating in the region.

Backed by the company’s track record in redevelopment and joint development projects, and its focus on timely execution, the project is expected to be completed over a period of four years post launch. The development aligns with the growing interest from domestic and international investors in GIFT City, supported by progressive policy initiatives and robust infrastructure development.

Commenting on the expansion, Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty, said, “We are pleased to announce our entry into the GIFT City Area, Gandhinagar with our flagship ultra-luxury mixed-use project. GIFT City is rapidly emerging as a premier global financial and business hub, supported by progressive policy initiatives, robust infrastructure development, and increasing interest from domestic and international investors. Our expansion into this market is driven by the objective of addressing the rising demand for premium and ultra-luxury residential and commercial spaces within the region.”

With this development, Sri Lotus Developers aims to strengthen its presence in high-growth markets while expanding its portfolio beyond Mumbai into emerging national real estate hubs.

Sri Lotus Developers & Realty, a Mumbai-based developer focused on luxury and ultra-luxury residential and commercial projects, has announced its expansion into the GIFT City Area, Gandhinagar, with a flagship ultra-luxury mixed-use development spanning over approximately 1 million sq. ft of built-up area.The company has entered the Gujarat market for the first time through a development agreement with Abhishek Bachchan for a freehold land parcel in the GIFT City Area. The project will be executed through the company’s subsidiary, Rise Root Projects Pvt. Ltd., and will follow a profit-sharing model. The asset-light structure is expected to enhance capital efficiency while enabling Sri Lotus Developers to leverage its core strengths in design, planning, development and execution.Marking a significant milestone beyond its core Mumbai market, the GIFT City project is positioned as a strategic expansion into one of India’s fastest-growing financial and business hubs. The development will comprise a carefully planned mix of premium retail spaces, Grade-A commercial offices and high-end residential units, catering to the rising demand from financial institutions, fintech companies and IT/ITeS firms operating in the region.Backed by the company’s track record in redevelopment and joint development projects, and its focus on timely execution, the project is expected to be completed over a period of four years post launch. The development aligns with the growing interest from domestic and international investors in GIFT City, supported by progressive policy initiatives and robust infrastructure development.Commenting on the expansion, Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty, said, “We are pleased to announce our entry into the GIFT City Area, Gandhinagar with our flagship ultra-luxury mixed-use project. GIFT City is rapidly emerging as a premier global financial and business hub, supported by progressive policy initiatives, robust infrastructure development, and increasing interest from domestic and international investors. Our expansion into this market is driven by the objective of addressing the rising demand for premium and ultra-luxury residential and commercial spaces within the region.”With this development, Sri Lotus Developers aims to strengthen its presence in high-growth markets while expanding its portfolio beyond Mumbai into emerging national real estate hubs.

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..

Infrastructure Urban

01 Jun 2026

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..

Infrastructure Urban

01 Jun 2026

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..