WSB Real Estate Secures Rs.7 Bn for Mid-Income Housing

30 Jul 2024 CW Team

WSB Real Estate has successfully raised ?7 billion to fund mid-income and affordable housing projects. This significant investment marks a substantial step in the company's strategy to address the growing demand for affordable housing solutions in India.

The capital infusion comes at a time when there is increasing emphasis on providing affordable housing options to middle-income families. WSB Real Estate plans to use these funds to acquire and develop residential properties across various cities, focusing on creating cost-effective yet high-quality living spaces.

The company?s investment strategy aligns with the broader national goal of enhancing affordable housing availability, which has been a priority for both government and private sectors. By channelling this investment into the mid-income segment, WSB aims to bridge the gap between luxury housing and low-cost housing, catering to the needs of a significant segment of the population.

WSB Real Estate?s move is expected to stimulate growth in the real estate sector, create job opportunities, and contribute to the overall economic development. The funding will support the development of projects that adhere to modern construction practices and sustainability standards, ensuring that new housing developments meet high quality and environmental standards.

This initiative reflects a growing trend among real estate firms to invest in segments that cater to the needs of a larger demographic, thus playing a crucial role in shaping the future of urban living in India.

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..