Well-Known Polyesters CMD Acquires Two Malabar Hill Flats for Rs.2.70 Bn

19 Apr 2024 CW Team

The Chairman and Managing Director (CMD) of Well-Known Polyesters has made headlines by acquiring two luxurious flats in Malabar Hill, Mumbai, for a whopping ?2.70 billion. This significant real estate transaction highlights the enduring appeal of Malabar Hill as a prime residential location for high-net-worth individuals.

The purchase of these upscale flats underscores the CMD's penchant for premium real estate investments and reflects confidence in Mumbai's luxury property market. Malabar Hill, known for its panoramic views and exclusive neighbourhood, continues to attract discerning buyers seeking opulent living spaces.

The acquisition of two flats in one of Mumbai's most prestigious neighbourhoods further solidifies the CMD's presence in the city's real estate landscape. The transaction underscores the enduring allure of Malabar Hill as a coveted address synonymous with luxury and prestige.

As Mumbai's real estate market remains resilient despite economic fluctuations, high-end properties in prime locations like Malabar Hill continue to command premium prices. The CMD's investment in these flats reaffirms the enduring value proposition of luxury real estate in Mumbai's most sought-after locales.

The acquisition of two flats in Malabar Hill represents not only a significant financial investment but also a testament to the CMD's discerning taste and appreciation for premium living spaces. It underscores the allure of Mumbai's luxury property market and the enduring appeal of iconic neighbourhoods like Malabar Hill among affluent homebuyers.

Infrastructure Energy

17 Mar 2026

Indian Urea Producers Shut Plants As Iran War Cuts Qatari LNG Supplies

Indian urea producers have shut several plants after the war involving Iran led to cuts in Qatari supplies of liquefied natural gas (LNG), industry participants said. The reduction in LNG shipments has constrained feedstock availability and raised operational pressures at ammonia and urea units across the country, complicating production scheduling and maintenance plans. Producers have scaled back output in response to fuel shortages and logistical challenges affecting domestic fertiliser production and have implemented staggered shutdowns to manage inventories. The disruptions have heightened..

Adani Plans Rs 600 bn Investment In Schools And Hospitals

Adani Group plans a Rs 600 billion (Rs 600 bn) social investment to construct 300 schools and 30 hospitals across India, aimed at expanding educational and healthcare infrastructure nationwide. The initiative is presented as a long term commitment to strengthen community services and address gaps in access to quality education and primary healthcare. The group highlighted investment in both physical infrastructure and associated services to ensure schools and hospitals are functional from opening. The programme will focus on building resilient facilities that meet prevailing regulatory standar..

PM Launches Development Projects Worth Rs 235.5 Billion (bn) From Silchar

The Prime Minister launched development projects worth Rs 235.5 billion (bn) from Silchar in Assam and performed the bhumi pujan for three projects in the Barak Valley. The schemes comprise the Silchar High-Speed Corridor at an estimated cost of Rs 228.6 bn, the Silchar Town Flyover at about Rs 5.65 bn and the Patharkandi College of Agriculture at about Rs 1.22 bn. The announcement was made at a public ceremony in Cachar district. He said that southern Assam's Barak Valley is emerging as a strategic link to Southeast Asia and that the North East is taking a lead in the government's Act East po..