Sri Lotus Secures Rs 16-Billion Juhu Redevelopment

05 Aug 2026 CW Team

Sri Lotus Developers & Realty has been appointed through its subsidiary as the developer for a large-scale commercial-cum-retail redevelopment project in Juhu, Mumbai.

The project involves the redevelopment of a prominent and established commercial shopping complex located in one of Juhu’s prime areas.

The proposed development will comprise premium commercial and retail spaces with an estimated total carpet area of approximately 3.46 lakh sq ft. The project has an estimated Gross Development Value of Rs 16 billion.

Construction is expected to commence in the third quarter of FY28, with completion targeted within approximately three to four years from the commencement date.

The appointment strengthens Sri Lotus Developers’ redevelopment portfolio and expands its presence in Mumbai’s premium commercial and retail property market.

Anand K Pandit, Chairman and Managing Director, Sri Lotus Developers & Realty, said commercial establishments across Mumbai’s prime micro-markets were increasingly choosing redevelopment to unlock value, upgrade infrastructure and create modern spaces that meet occupier requirements.

He added that Juhu was well positioned to benefit from the trend due to its strategic location and limited availability of new commercial properties.

The project is aligned with the company’s strategy of expanding its footprint across high-value and supply-constrained locations for commercial redevelopment in Mumbai."

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..