Hiranandani Launches Rs 170 Billion Coastal Township In Alibaug

07 Oct 2025 CW Team

Hiranandani Communities, led by real estate developer Niranjan Hiranandani, has unveiled ‘Hiranandani Sands’, a luxury coastal township in Alibaug, near Mumbai. Spread across 225 acres, the project is projected to generate Rs 170 billion in revenue over the next decade.

Designed to cater to affluent domestic and global buyers, the township will offer luxury homes, signature villas, plotted developments, and branded serviced apartments. It will be Alibaug’s first private township, featuring a personal beachfront and private jetty access, delivering a new benchmark in coastal luxury living.

The development will include five hotels across business and leisure segments, a mega convention centre, an eco-wellness hub, beachside entertainment facilities, and a world-class yacht club. Additionally, one of Alibaug’s largest water sports hubs will commence operations by the end of the year.

In line with its sustainability focus, the township will include 27 acres of reserved forest with over 7,000 trees afforested, located near 100 acres of natural wetlands.

“With rising demand for luxury homes, the township will attract domestic and NRI investors, high-net-worth individuals (HNIs), and ultra-HNIs seeking premium coastal living. It will also benefit from Integrated Township Project (ITP) incentives, including a 50 per cent stamp duty concession,” said Niranjan Hiranandani, Founder and Managing Director, Hiranandani Communities.

The first phase of Hiranandani Sands spans 330,000 sq. ft., featuring three residential towers with 330 units, all of which have been sold out at launch. Unit configurations include studio, 1, 2, and 3 BHK apartments, priced between Rs 8 million for studios and Rs 28.5 million for premium 3 BHK homes offering sea and hill views.

The RERA-approved project recorded gross sales of Rs 4.5 billion at launch, reflecting strong demand for high-end real estate in the Mumbai–Alibaug coastal corridor.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..