Newsmakers
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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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Embassy Developments Appoints New Leadership, Plans Expansion

Embassy Developments Limited (EDL) has appointed Jitendra Virwani as Chairman and Aditya Virwani as Managing Director, following a board decision on February 25, 2025. Sachin Shah will continue as CEO & Executive Director, and Rajesh Kaimal has been named CFO & Executive Director.Under its growth strategy, EDL has announced asset acquisitions worth Rs 5.59 billion (bn), including a 1.3 million sq. ft. luxury residential project and a 9.5-acre land parcel in North Bengaluru. The company is also planning a Rs 20 bn Qualified Institutional Placement (QIP) to support expansion and ..

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Signature Global marks National Safety Week with safety initiatives onsite.

Signature Global (India) has launched National Safety Week (4-10 March 2025) across its construction sites, reaffirming its commitment to occupational health and safety. Aligned with the 54th National Safety Day theme, ""Safety and Well-being: Crucial for Viksit Bharat,"" the initiative highlights the company’s focus on comprehensive safety practices.The observance began at Signature Global City 93, Gurugram; Signature Global City 37D; DE-LUXE DXP at Dwarka Expressway; and Signature Global Imperial at Sector 88, engaging workers, laborers, and staff through awareness programs and strict adhe..

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Hafele Expands Presence in Indore with New Licht Experience Centre

Hafele, a global leader in interior solutions, has launched its second Licht Experience Centre in India, following Chandigarh. Located at Uniko Lights, Indore, the centre offers cutting-edge lighting solutions designed to inspire architects, designers, and consumers.Inaugurated by Manish Mahajan, Sales Director – Hafele South Asia, and Manish Kumat, Principal Designer – Manish Kumat Design Cell, the centre showcases architectural and furniture lighting solutions that enhance both aesthetics and functionality. The Loox Range, designed for furniture lighting, integrates seamlessly into vario..

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