UK Consulate Acquires Prime Office Space in Mumbai

12 Jun 2024 CW Team

The Secretary of State for Foreign, Commonwealth and Development Affairs of the United Kingdom has secured over 1.60 lakh sq ft of prime office space in Mumbai?s Lower Parel business district. The acquisition, spread across 12 units on the 19th floor of One Lodha Place, was completed for over Rs 1.01 billion.

The transaction, concluded on May 28, was registered with a nominal stamp duty payment of just Rs 100, taking advantage of the exemptions granted to consulates in India. These diplomatic privileges align with international conventions and national laws, allowing significant savings from the usual 6% stamp duty on property transactions.

The UK Consulate, currently located in Bandra-Kurla Complex (BKC), is set to move its operations to the newly acquired space in Lower Parel. This strategic move reflects a long-term commitment to Mumbai, underscored by the outright purchase of the property.

The 173-meter One Lodha Place, developed by One Place Commercial Pvt Ltd, part of Macrotech Developers, features 28 floors, 10 podium levels, two basement levels, two service levels, and a terrace.

The broader Mumbai office property market has shown robust performance, with a 13.8% year-on-year growth in gross leasing, totaling over 15.16 million sq ft in Q1 2024. This marks the third consecutive quarter where gross leasing has surpassed the 15 million sq ft mark, continuing the momentum from the historical high of 20.94 million sq ft in Q4 2023.

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..

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..

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..