Shapoorji Pallonji Group’s chairman Pallonji Mistry passes away

01 Jul 2022 CW Team

Chairman of diversified Shapoorji Pallonji (SP) Group, Pallonji Mistry, died at his residence on Tuesday in Mumbai.

Mr Mistry, whose SP Group is the largest shareholder in the Tata Group with 18.37% holding in the conglomerate, was 93.

Mr Mistry died mid-sleep at 1.00 a.m. at his residence in South Mumbai. He had obtained Irish citizenship.

Mr Mistry was born in 1929 and headed the privately held, above $5-billion SP Group has its origins in the construction industry, which had diversified into other businesses like shipping, real estate, textiles, and home appliances.

Paying tribute to him, Prime Minister Narendra Modi said that he is saddened by the passing away of the billionaire Mistry.

PM Modi said he made massive contributions to the world of commerce and industry.

Union Cabinet Minister Smriti Irani explained Mr Mistry’s death as the end of an era. One of life’s greatest pleasures was to have seen his genius, his gentleness at work, she added.

Other ministers including Mansukh Mandaviya, Hardeep Singh Puri, Nitin Gadkari, and Chief Minister of Karnataka B.S. Bommai also expressed condolences.

Image Source

Also read: Actis buys 49% stake in Shapoorji Pallonji energy unit

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..