Newsmakers
ECONOMY & POLICY

Newsmakers

Driving India’s Digital Infrastructure
Atul Chordia, Founder and Chairman of Panchshil Realty, has announced an investment exceeding Rs 200 billion to develop India’s largest hyperscale data centre in Navi Mumbai, in partnership with Blackstone, Global private equity firm. Spanning 14 buildings and over three million sq ft, the 500 MW facility will be powered by up to 65 per cent green energy. Panchshil Realty has developed 31.7 million sq ft across various sectors, recently sold a 4.8-acre land parcel in Pune for Rs 1.03 billion as part of its mixed-use development strategy. Its landmark projects include Panchshil Towers, EON Free Zone – Phase 2, and Panchshil Business Park.

Revolutionising Real Estate with 3D Printing
Gaurav Pandey, Managing Director & CEO, Godrej Properties, has led the company to become India’s largest listed real estate firm in 2024, achieving over Rs 280 billion in sales bookings. In a groundbreaking move, Godrej Properties unveiled India’s first 3D-printed G+1 villa at Godrej Eden Estate, Pune, in collaboration with Tvasta Engineering. Completed in just four months, this 2,200 sq ft villa showcases the transformative potential of 3D printing in construction. The company reported a 76.9 per cent YoY surge in net profit to Rs 1.9 billion in Q3 FY25. Expanding aggressively, Godrej Properties acquired 12 land parcels worth Rs 234.5 billion and is eyeing further acquisitions amid strong housing demand.

Expanding Project Portfolio
Led by Shri KP Mahadevaswam, Chairman and Managing Director, National Buildings Construction Corporation (NBCC) has secured construction projects worth Rs 94.45 billion across four states, covering 49,748 houses. The project cost includes a 3 per cent contingency, with PMC fees set at 8 per cent, including a 1 per cent marketing fee. NBCC also received a Rs 4.32 billion order from the Central University of Odisha to develop a net-zero sustainable campus in Sunabeda. Additionally, its subsidiary HSCC (India) secured orders worth Rs 6 billion from Maharashtra’s National Health Mission and a Rs 2.13 billion construction contract from Motilal Nehru College, New Delhi. As of February 2025, NBCC’s total order book exceeds Rs 700 billion.

Transforming Maharashtra’s Infrastructure
Dr. Brijesh Dixit, MD, Maharashtra State Infrastructure Development Corporation (MSIDC), is spearheading a Rs 368 billion project to concrete 6,000 km of roads across 34 districts, with 60 per cent of the funds allocated to key regions like Jalgaon, Nashik, Pune, Sambhajinagar, and Kolhapur. Additionally, MSIDC is redeveloping Nagpur’s historic Santra Market into a modern 19-storey complex at Rs 2.88 billion. In another major initiative, it is also developing the Divisional Commissioner and District Collector Office in Nagpur, an auditorium at an agricultural college, and veterinary college in Shirdi and Akola.

Driving India’s Digital InfrastructureAtul Chordia, Founder and Chairman of Panchshil Realty, has announced an investment exceeding Rs 200 billion to develop India’s largest hyperscale data centre in Navi Mumbai, in partnership with Blackstone, Global private equity firm. Spanning 14 buildings and over three million sq ft, the 500 MW facility will be powered by up to 65 per cent green energy. Panchshil Realty has developed 31.7 million sq ft across various sectors, recently sold a 4.8-acre land parcel in Pune for Rs 1.03 billion as part of its mixed-use development strategy. Its landmark projects include Panchshil Towers, EON Free Zone – Phase 2, and Panchshil Business Park.Revolutionising Real Estate with 3D PrintingGaurav Pandey, Managing Director & CEO, Godrej Properties, has led the company to become India’s largest listed real estate firm in 2024, achieving over Rs 280 billion in sales bookings. In a groundbreaking move, Godrej Properties unveiled India’s first 3D-printed G+1 villa at Godrej Eden Estate, Pune, in collaboration with Tvasta Engineering. Completed in just four months, this 2,200 sq ft villa showcases the transformative potential of 3D printing in construction. The company reported a 76.9 per cent YoY surge in net profit to Rs 1.9 billion in Q3 FY25. Expanding aggressively, Godrej Properties acquired 12 land parcels worth Rs 234.5 billion and is eyeing further acquisitions amid strong housing demand.Expanding Project PortfolioLed by Shri KP Mahadevaswam, Chairman and Managing Director, National Buildings Construction Corporation (NBCC) has secured construction projects worth Rs 94.45 billion across four states, covering 49,748 houses. The project cost includes a 3 per cent contingency, with PMC fees set at 8 per cent, including a 1 per cent marketing fee. NBCC also received a Rs 4.32 billion order from the Central University of Odisha to develop a net-zero sustainable campus in Sunabeda. Additionally, its subsidiary HSCC (India) secured orders worth Rs 6 billion from Maharashtra’s National Health Mission and a Rs 2.13 billion construction contract from Motilal Nehru College, New Delhi. As of February 2025, NBCC’s total order book exceeds Rs 700 billion.Transforming Maharashtra’s InfrastructureDr. Brijesh Dixit, MD, Maharashtra State Infrastructure Development Corporation (MSIDC), is spearheading a Rs 368 billion project to concrete 6,000 km of roads across 34 districts, with 60 per cent of the funds allocated to key regions like Jalgaon, Nashik, Pune, Sambhajinagar, and Kolhapur. Additionally, MSIDC is redeveloping Nagpur’s historic Santra Market into a modern 19-storey complex at Rs 2.88 billion. In another major initiative, it is also developing the Divisional Commissioner and District Collector Office in Nagpur, an auditorium at an agricultural college, and veterinary college in Shirdi and Akola.

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REHAU acquires 1.05-acre land in Sri City

REHAU, the global polymer solutions provider, has acquired 1.05 acres of industrial land in Sri City, Andhra Pradesh, marking a key milestone in its expansion strategy in India. The land, secured on a 99-year lease, is located adjacent to the RED Star Polymers facility and will support scaling up the company’s manufacturing operations.This acquisition closely follows REHAU’s majority stake purchase (51 per cent) in RED Star Polymers Pvt Ltd, a PVC edgeband manufacturer, reinforcing its long-term commitment to the Indian market. The site offers strategic advantages in proximity, infrastruct..

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BSH unveils Bosch and Siemens brand store in Kolkata

BSH Home Appliances, a subsidiary of BSH Hausgeräte GmbH and global leader in premium home appliances, has launched its first exclusive Bosch and Siemens brand store in Kolkata. Located in the upscale Dhakuria neighbourhood, the store signifies BSH’s strategic push in East India, a region where it has recorded a 26 per cent CAGR between 2019 and 2025.Spanning 1,450 sq ft for Bosch and 850 sq ft for Siemens, the new showroom is operated in partnership with Multi-Channel Electronics. It offers customers a hands-on experience of BSH’s latest innovations, including AI-enabled ovens, high-capa..

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Trusted Termite Solutions

Envu’s Premise, formulated with Imidacloprid 30.5% SC, is India’s only termiticide validated by CBRI and GreenPro. This non-repellent soil treatment eliminates entire termite colonies effectively. Trusted by architects, builders, and pest control professionals, Premise ensures long-lasting protection with a proven safety and performance profile.Contact: Envu IndiaWebsite: www.envu.com..

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