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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..