Supreme Universal signs agreement to build a 5-acre plot in Chembur

10 Jan 2023 CW Team

On the basis of current property values in the area, the project's overall revenue is predicted to be in the range of INR 18 million. “Following the COVID-19 pandemic outbreak, enquiries and actual sales conclusion pattern clearly revealed that homeowners had realised the need for gated communities with lifestyle facilities for all age groups. This will be the primary aspect guiding the design and development of this project," said Sunny Bijlani, Managing Director, Supreme Universal.

According to records retrieved by indextap.com, a real estate advice company, the transaction was finalised and registered on December 27. The company also paid stamp duty of INR 0.16 billion on the development's current market worth of INR 3.11 billion. Ramesh Bijlani, Chairman of Supreme Universal, stated that, “Chembur is a significant market for us and we are trying to deepen our footing in this micro market with this acquisition."

Due to the recent improvements in infrastructure and accessibility to important areas of the city, particularly with the eastern highway and a connecting to the Bandra-Kurla Complex business sector, Chembur has become a premium real estate market. The 35-storey towers planned to be built on the aforementioned land parcel will be the tallest buildings in this micro market. In accordance with the agreement, the developer will be in charge of the project's funding, planning, design, approvals, and execution. Work on the project is slated to start soon. The business has already begun the procedure to ask the local government for approval of the project.

A deal has been reached by real estate developer Supreme Universal to build a nearly 5-acre prime land parcel in Mumbai’s Chembur suburb. The land parcel has a total development potential of about 1 million square feet, and the company intends to build a high-end gated community project there. Through its subsidiary Supreme Sky High LLP, the company has purchased the development rights to the aforementioned land block, and it plans to invest close to INR 10 billion in the project's development. On the basis of current property values in the area, the project's overall revenue is predicted to be in the range of INR 18 million. “Following the COVID-19 pandemic outbreak, enquiries and actual sales conclusion pattern clearly revealed that homeowners had realised the need for gated communities with lifestyle facilities for all age groups. This will be the primary aspect guiding the design and development of this project, said Sunny Bijlani, Managing Director, Supreme Universal. According to records retrieved by indextap.com, a real estate advice company, the transaction was finalised and registered on December 27. The company also paid stamp duty of INR 0.16 billion on the development's current market worth of INR 3.11 billion. Ramesh Bijlani, Chairman of Supreme Universal, stated that, “Chembur is a significant market for us and we are trying to deepen our footing in this micro market with this acquisition. Due to the recent improvements in infrastructure and accessibility to important areas of the city, particularly with the eastern highway and a connecting to the Bandra-Kurla Complex business sector, Chembur has become a premium real estate market. The 35-storey towers planned to be built on the aforementioned land parcel will be the tallest buildings in this micro market. In accordance with the agreement, the developer will be in charge of the project's funding, planning, design, approvals, and execution. Work on the project is slated to start soon. The business has already begun the procedure to ask the local government for approval of the project.

Infrastructure Transport

03 Apr 2026

Railways Sets New Records In Passenger And Freight

Indian Railways reported record performance in 2025–26, registering gains in both passenger operations and freight. Passenger carriage rose to 7,410 mn in the year, an increase of 3.54 per cent over 7,160 mn in 2024–25, while passenger revenue increased to Rs 800 bn, up 5.96 per cent from Rs 755 bn. These outcomes reflect improvements in operational efficiency and growing reliance on rail transport for mobility and commerce. Freight loading reached 1,670 mn t in 2025–26, a rise of 3.25 per cent year on year, driven by higher bulk movements and improved logistics. The number of wagons han..

Infrastructure Transport

03 Apr 2026

NHAI Reports Robust National Highway Growth in FY 2025-26

The National Highways Authority of India reported continued progress in national highway development during the financial year 2025-26, completing 5,313 km of national highways, which was about 15 per cent higher than the target of 4,640 km for the year. The agency said the construction output reflected sustained project execution across regions and phases. The achievement follows policy priorities to expand connectivity and reduce travel times. The work included upgrades and new corridors intended to improve safety and reduce congestion on key routes. Capital expenditure by the authority for ..

Infrastructure Urban

03 Apr 2026

India SDG Dashboard Launched by Ministry of Statistics

The Ministry of Statistics and Programme Implementation (MoSPI) has developed the India Sustainable Development Goals Dashboard in partnership with the United Nations Resident Coordinator Office (UNRCO). The dashboard serves as a centralised data platform for monitoring SDG indicators aligned with the National Indicator Framework (NIF). It provides consolidated access to indicator data to support evidence based planning and monitoring. The platform aims to streamline indicator tracking and support evidence based decision making across levels of government. MoSPI regularly releases a range of s..