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

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..