Sunteck Realty Signs JDA for Rs 12-Bn Project on Mira Road

26 Jul 2025 CW Team

Mumbai-based Sunteck Realty (SRL) has entered into a joint development agreement (JDA) to develop a 3.5-acre land parcel in Mira Road, Mumbai. The project, with an estimated gross development value (GDV) of Rs 12 billion, will add approximately 5.5 lakh square feet of carpet area to the company’s portfolio.

The land parcel, measuring about 13,500 square metres, is strategically located along the Western Express Highway, offering excellent connectivity via the upcoming Metro Line 9 (Miragaon Station), and proximity to Dahisar and Mira Road railway stations.

This marks Sunteck’s continued expansion in the Mira Road micro-market, where its existing premium project, Sunteck SkyPark, has already recorded cumulative sales of over Rs 10 billion.

The upcoming development will feature modern amenities and panoramic views of the Sanjay Gandhi National Park. Infrastructure upgrades such as the Borivali-Thane tunnel and the Coastal Road extension are expected to further boost the appeal of the location for homebuyers and investors.

News source: CNBC TV18

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..