TVS ILP Signs Rs 2 billion MoU With Karnataka

01 Apr 2026 CW Team

TVS Industrial & Logistics Parks (TVS ILP) has signed a Memorandum of Understanding worth Rs 2 billion with the Government of Karnataka at the Invest Karnataka Conclave 2026, recently held in Bengaluru.

The investment will support the development of tech-enabled industrial and logistics parks across the state, aimed at strengthening manufacturing infrastructure, generating employment, and catering to diverse industry needs.

The move aligns with TVS ILP’s strategy to expand its footprint in southern India, where industrial activity and consumption continue to grow. The company already has a presence across key southern markets and is scaling integrated infrastructure solutions.

Karnataka offers strong industrial fundamentals, supported by extensive road, rail, port, and air connectivity. Ongoing initiatives such as the Bengaluru–Mumbai Economic Corridor are expected to further enhance freight movement and industrial linkages.

TVS ILP currently operates 14 industrial and logistics parks across South India, serving tenants across sectors including e-commerce, manufacturing, FMCG, automobiles and third-party logistics.

Real Estate

25 Apr 2026

Avhad Bayline Residences Debuts in Mahim

Avhad Group has launched Avhad Bayline Residences in Mahim, marking its entry into the premium South Mumbai housing segment. Launched on 19 April 2026, the project has received an encouraging response from homebuyers, supported by its location, design-led approach and lifestyle amenities.Designed in collaboration with architect Reza Kabul, the development comprises 251 residences, with eight apartments per floor and 10 high-speed lifts. Spread across 40,000 sq ft of amenities, the project offers indoor wellness and recreation spaces, open-air sports and community zones, and a 44th-floor terrac..

Platinum Corp. Performs Bhoomi Poojan for Platinum Stellar in Santacruz West

Platinum Corp. has performed the bhoomi poojan for Platinum Stellar, a premium residential development in Santacruz West, Mumbai, marking the launch of its latest design-led project in a key micro-market.The project, with an estimated topline of Rs 3 billion, is positioned as a low-density luxury development featuring bespoke presidential suites. Designed in collaboration with Sussanne Khan, the project emphasises curated spatial planning, refined aesthetics and experiential living.Platinum Stellar offers residences ranging from 2,500 sq ft to 10,000 sq ft, with a focus on exclusivity where no..

Thane Metro work begins on 29 km corridor

Work has commenced on the 29-km Thane Metro project, aimed at improving urban mobility and reducing traffic congestion across Thane by 2029. The corridor is planned to connect major residential, commercial and transit hubs in the fast-growing city region.The metro network is expected to provide faster and more reliable public transport, supporting seamless movement for daily commuters while easing pressure on road infrastructure. The project is part of wider efforts to strengthen transport connectivity in the Mumbai Metropolitan Region.Once completed, the Thane Metro corridor is expected to im..