Vascon Engineers Enters Mumbai with Rs 3 Billion Redevelopment Project

10 Mar 2025 CW Team

Vascon Engineers has forayed into Mumbai’s real estate market with ‘Vascon Orchids’, a luxury redevelopment project on Linking Road, Santacruz West. The project has an expected GDV of Rs 3 billion (bn). Commenting on this announcement, Siddharth Vasudevan Moorthy, Managing Director, Vascon Engineers, said, “Mumbai’s redevelopment landscape presents an extraordinary opportunity, driven by the urgent need to modernize aging infrastructure and revitalize its housing stock. With an estimated market valued at over Rs 300 bn, the redevelopment market offers immense potential for transformative growth. Mumbai aligns seamlessly with our vision of delivering premium, high-quality living spaces tailored for modern urban lifestyles. Backed by our expertise in both EPC and real estate development, a customer-first approach, and an unwavering commitment to excellence, we are poised to redefine luxury living. Vascon Orchids is set to be a landmark project, not only marking our strong entry into Mumbai but also contributing meaningfully to its ever- evolving skyline.” Featuring 2 & 3 BHK homes, Vascon Orchids offers curated amenities and seamless connectivity, setting a new benchmark in upscale residences.

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

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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 ..