Adani’s MIAL takeover approved by AAI

14 Jan 2021 Editorial Team

The Airports Authority of India (AAI) has approved Adani Group’s share transfer proposal for Mumbai International Airport Ltd (MIAL) from GVK Airports Holding, making Adani Airports the largest shareholder of MIAL.

A senior government official informed a reputed media source that AAI approved the proposal without any objections. Adani Group will offer the same fee as GVK Holdings and the official name, ‘Chhatrapati Shivaji Maharaj International Airport’ will remain unchanged.

Adani Group is to take over the 50.5% stake of GVK holdings, which is a majority stakeholder in MIAL. Adani Airports is also set to acquire the 23.5% stake of Bid Services Division Mauritius (Bidvest) and Airports Company South Africa (ACSA). The remaining 26% stake will be held by AAI.

Image Source

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..