Kanakia Signs JV with Global Investors for Mumbai Project

31 May 2025 CW Team

Kanakia Group has entered into a joint venture with United States-based real estate firm Hines and Japanese conglomerates Mitsubishi Estate Company Limited and Sumitomo Corporation to develop a premium office complex in Mumbai. The Grade A commercial project, spanning 1.5 million square feet, will be located in Bandra Kurla Complex (BKC), one of the city’s top business districts.

Under the agreement, Kanakia Group will provide the land parcel, while Hines, Mitsubishi Estate, and Sumitomo will act as institutional investors and co-developers. This strategic collaboration brings together international expertise and capital to create a state-of-the-art commercial hub in the heart of Mumbai.

The development is positioned to cater to the growing demand for high-end office infrastructure, reinforcing Mumbai’s status as a financial capital. With the participation of major global players, the project is expected to raise the bar for commercial real estate standards in India.

This joint venture reflects a continued trend of global investment interest in Indian urban infrastructure, especially in prime locations like BKC which offer long-term value potential.

Source:
Press Trust of India

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..