TK Elevator Commences Factory Expansion in India Strengthening Manufacturing Capabilities
TK Elevator (TKE), a global leader in vertical transportation and urban mobility solutions, has marked the commencement of its factory expansion project in India with a groundbreaking ceremony. The project represents an important step in strengthening TKE’s manufacturing infrastructure and supporting its long-term growth objectives in the Indian market.
The expansion will extend the existing facility by approximately 10,000 square meters to enhance production efficiency, while expanding warehousing and logistics capabilities. Construction has commenced, with the expanded facility scheduled to be operational by August 2027. Once completed, the additional capacity will support increased production volumes and provide greater flexibility to address evolving demand across India’s low-to-mid-rise segment, as well as infrastructure and commercial projects. Enhanced local logistics capabilities will also support the company’s service and modernization businesses through improved responsiveness and availability. The expansion reflects TKE’s ongoing commitment to India and its evolving manufacturing ecosystem.
Commenting on the milestone, Ravikrishnan Srinivasan, CEO India, TK Elevator, said “This expansion demonstrates our commitment to strengthening local manufacturing and logistics capabilities to support sustainable growth in India. By enhancing our capacity and operational readiness, we aim to better serve customers across key segments. Together with continued execution improvements at the branch level, we are well positioned to support our customers’ needs and participate in India’s long term economic development.”
TK Elevator is a provider of elevators, escalators, and moving walk solutions, delivering mobility systems that support urban development.
With a local manufacturing footprint and a nationwide service network, TKE continues to contribute to India’s urbanization and infrastructure development through a focus on innovation, quality and customer centric solutions.
RPS Azalea Gains RERA Approval; RPS Group Announces Rs.110 Crore Premium Plot Development
RPS Group, a real estate pioneer with over two decades of excellence, is proud to announce that its premium plotting project, RPS Azalea in Sector 29, Bahadurgarh, has officially received RERA certification. Spanning 19.79 acres under the Deen Dayal Jan Awas Yojana (DDJAY) scheme, RPS Azalea represents a significant investment of Rs.110 crores. The plot size varies from 125-180 sq yards. Construction is set to commence immediately, with delivery targeted for 2027.
The project offers an elevated lifestyle featuring spacious open plots, lush greenery, and a serene atmosphere. Designed with meticulously planned infrastructure, it promises a tranquil living experience amidst evolving urban growth—perfectly blending modern convenience with natural beauty. To further enhance the residential experience, RPS Group is developing a state-of-the-art 2-acre clubhouse featuring premium amenities.
Shashank Gupta, Director of RPS Group, said “Our vision for RPS Azalea is to shape a thoughtfully planned ecosystem that merges openness with future-ready infrastructure. We see Bahadurgarh evolving into a key growth destination, and with Azalea, we aim to create a space that aligns with the aspirations of modern homeowners while contributing meaningfully to the city’s development.”
Located strategically in Sector 29, RPS Azalea benefits from exceptional regional connectivity. The site is positioned near UER II and is in close proximity to major arteries, including Delhi-Rohtak Expressway, KMP Expressway and KGP Expressway.
These links place Delhi, Gurugram, and the Kharkhoda IMT Maruti hub within an approximate 20-minute drive. Accessibility is further bolstered by the recently approved Railway Overbridge (ROB) on the Sankhol–Barahi Road, which will streamline movement to the wider city. This rapidly evolving infrastructure positions the development within one of Bahadurgarh’s most promising growth corridors, making it an attractive choice for both homebuyers and investors. With RERA certification now in place, RPS Azalea invites discerning investors and homebuyers to be part of Bahadurgarh’s ongoing transformation.
Meghna Infracon Infrastructure Ltd Expands Premium Residential & Commercial Footprint Across Mumbai with an Addition of 600 Crore GDV, with a cumulative estimated GDV of over Rs.1,000 crores.
Meghna Infracon Infrastructure Limited (Meghna Realty), a Mumbai-based real estate developer with a strong focus on redevelopment and design-led housing, today announced the expansion of its premium redevelopment portfolio across Mumbai Metropolitan regions most sought-after residential and Commercial micro-markets, with five new projects spanning the western suburbs and Thane.
With the addition of these projects, carrying an estimated Gross Development Value (GDV) of approximately 600 crore, the company’s total construction pipeline now exceeds 10 lakh sq. ft., with a cumulative estimated GDV of over 1,000 crore. This reinforces its strategy to strengthen presence across premium, high-demand residential corridors of the city.
The projects Jay Pathik in Goregaon West (~35,000 sq. ft.), Bharti CHS in Bandra (West) (~1,10,000 sq. ft.), Jai Murli Govind CHS in Khar (West)(~45,000 sq. ft.), Viram in the Juhu, Vile Parle growth corridor (~32,000 sq. ft.) and Shushma Fabrics, Wagle Estate (~2,85,000 sq. ft.) are situated in established neighborhoods recognized for excellent connectivity, strong social infrastructure, and sustained demand for premium housing & offices.
Among the portfolio, the Bharti CHS project in Bandra West is set to be the largest luxury sea-facing residential development, with an estimated revenue potential of approximately 240 crore and a projected timeline extending to 2029. Meanwhile, the Viram project in Juhu, an ultra-luxury development, is expected to generate around 85 crore, further strengthening the company’s foothold in the Mumbai Metropolitan Region’s premium residential and commercial micro-markets.
Additionally, Meghna Realty has recently secured a redevelopment project in Wagle Estate, Thane, aimed at constructing an iconic commercial building. This move underscores the company’s ongoing expansion into high-growth urban clusters within the Mumbai Metropolitan Region (MMR), with an estimated total development potential of around 300 crore.
All projects are being developed under the redevelopment model and will offer premium residences, retail outlets & offices with contemporary architecture, efficient layouts, larger living spaces, and curated lifestyle amenities. The developments will also incorporate enhanced safety features, dedicated parking, and sustainability-focused elements in line with evolving urban living standards.
The expansion comes amid growing demand for premium, design-led housing in Mumbai, particularly in well-established micro-markets where redevelopment continues to unlock value for both residents and developers.
Commenting on the development, Vikram Lodha, Managing Director, Meghna Infracon Infrastructure Limited, said: “Our vision is to establish Meghna Realty as Mumbai’s most trusted premium redevelopment brand. With rising demand for high-quality, intelligently designed homes & offices in prime locations, we see a significant opportunity to create landmark developments that deliver elevated living experiences and enduring long-term value. Backed by disciplined execution and deep market insight, we remain focused on scaling our portfolio while setting new benchmarks in consistency, quality, and delivery.”
Additionally, Amit Sathe, Chief Operating Officer, Meghna Infracon Infrastructure Limited, added: “Our expansion across Mumbai and now Thane reflects an execution-led growth strategy focused on high-potential residential and commercial corridors. Each project has been selected based on location strength, redevelopment viability, and demand fundamentals. Our priority remains flawless execution, timely delivery, and creating premium residential spaces aligned with the aspirations of today’s urban homebuyers & office seekers. In a market where delivery defines credibility, Meghna Realty’s execution will be the true differentiator.”
With a strong pipeline of upcoming redevelopment opportunities, Meghna Realty expects the total potential GDV of its existing and forthcoming projects crossing 1,000 crore, reinforcing its long-term growth trajectory.
Nashik set to emerge as growth hub with Rs.33,000 crore Kumbh Mela projects: Devendra Fadnavis.
Devendra Fadnavis recently said Nashik, known for its religious and spiritual significance, is set to emerge as a major growth engine in the coming years, with the state government launching projects worth Rs.33,000 crore ahead of the Simhastha Kumbh Mela.
The Chief Minister said development in Nashik would accelerate as the city prepares to host the mega religious congregation, whose main events are scheduled between October 31, 2026, and July 24, 2028.
“In line with the Simhastha Kumbh Mela, Nashik district, which has religious and spiritual importance, will become a growth engine of development in the coming period. Nashik will not stop in terms of development,” Fadnavis said.
He added that industrial growth in the region would gain momentum through enhanced infrastructure, improved capacity and new facilities, while increased investments are expected to create employment opportunities.
Emperium Group Launches Ultra-Premium 3 BHK Project ‘Emperium Titan’ on Dwarka Expressway, Gurugram
Real estate developer Emperium Group, Haryana’s most trusted realty brand, announced the launch of its newest residential development, Emperium Titan, situated in Sector 88A on the Dwarka Expressway. Designed to set a new benchmark for ultra premium living, the 1.03-acre land parcel has an estimated top line revenue potential of Rs.170 crore.
The project features a low density configuration of 74 fully air conditioned 3BHK apartments, each measuring 1,906 sq. ft., along with 20 high street retail units. Emperium has implemented a flat pricing structure for the project, with all residential units fixed at Rs.2.45 crore.
Ravi Saund, Founder & Director of Emperium Group, discussed the thinking behind Emperium Titan. “We’ve always worked with three principles at Emperium: Apnapan, Sustainability, and Innovation. They drive our decisions on design, construction, and delivery timelines. For Titan, we’re using Mivan construction technology because it gives us better structural quality and helps us stick to deadlines. But the bigger goal isn’t just good engineering, it’s creating homes where people feel they belong. We want spaces that last, that are legacy worthy. That’s what Titan represents for us.”
The launch of Titan significantly strengthens Emperium’s footprint in Haryana. Since its inception, the company has maintained a 100% before-time delivery record, handing over
1.68 million sq. ft. of real estate across 14+ projects to over 6,000 residents in Gurugram, Panipat, and Yamuna Nagar. Following the Titan launch, Emperium is targeting the delivery of an additional 3.23 million sq. ft. of development over the next three years.
Emperium Titan stands out as an IGBC Platinum-rated development, the highest green building certification in India. Solar panels power the common areas. There’s rainwater harvesting, EV charging infrastructure, and low-VOC materials throughout to keep the air quality decent indoors. Project amenities include Club 360, featuring a gym, yoga studio, pool, pickleball court, rooftop running track, and a restaurant. The development is equipped with 24/7 security and full power backup. Sector 88A is right on a corridor that’s seen heavy infrastructure investment ready. Emperium Titan’s location advantage is of great value to the buyer. You can reach Cyber City or the airport in 16-20 minutes. Medanta is 10 minutes away. The proposed metro station is 8 minutes out.
Dalmia Bharat Partners with Delhi PWD to Transform Under-Flyover Spaces into Sustainable Urban Hubs
Dalmia Bharat Ltd. (DBL), one of India’s leading cement companies has partnered with the Public Works Department (PWD), Government of Delhi, to undertake the beautification of select spaces beneath key flyovers and a road stretch in the capital. The MoU was signed on 6 April 2026 in the presence of the Hon’ble Chief Minister of Delhi, Smt. Rekha Gupta. Covering Lodhi Flyover (near Oberoi Hotel), Oberoi Flyover (near Neela Gumbad), Mangi Bridge and Hanuman Setu, the initiative aims to enhance urban aesthetics while promoting environmental sustainability and biodiversity restoration. DBL will lead the design, development, and maintenance of these sites, including landscaping, plantation and upkeep, with a defined maintenance period of three years post completion.
This initiative builds on Dalmia Bharat’s broader CSR commitment to community development and its role as Monument Mitra for the Red Fort, where it drives conservation efforts while enriching cultural and visitor experiences.
Commenting on the occasion Puneet Dalmia, MD & CEO, Dalmia Bharat Limited said, “I congratulate Hon’ble Chief Minister Rekha Gupta and the Delhi Government for the initiative to develop the under-flyover spaces in PPP mode and multiply the efforts of PWD and Govt of Delhi. These open and often neglected spaces present new possibilities, from re-imagining the city’s aesthetics and visual appeal to creating spaces where communities connect. Dalmia Bharat is honoured to be entrusted with responsibility of the Hanuman Setu, Lodhi Flyover, Oberoi Flyover and Mangi Setu. We are ideating how to reimagine these spaces as blue green infrastructure through landscaping and improve air quality, which is important in highly populated cities like Delhi. Our vision is to make these spaces environment friendly as well as create art and cultural experiences for the youth in these spaces and make them fun, relaxing and enjoyable.”
MICL Group’s Entity Man Aaradhya Infraconstruction LLP acquires project in south mumbai with sales potential of rs.2,000 + crores
Man Infraconstruction Limited (“MICL Group”), is pleased to announce the acquisition of development rights of Tardeo Court CHS & Tardeo Apartments CHS and outright purchase of Sethna House located at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9).
Commenting on the development, Manan Shah, Managing Director, Man Infraconstruction Limited, said, “The Group’s South Mumbai journey is defined by scale, speed, and consistent market absorption. We are happy to have achieved a hat-trick in South-Mumbai with our latest acquisition at Tardeo.
The new acquisition, “Tardeo 2.0” comprising approximately 46,000+ sq. ft. of plot area is strategically located along South Mumbai’s celebrated Billionaires’ address, which will elevate the group’s ultra-luxury portfolio. The proposed development has an estimated sales potential exceeding Rs.2,000 crore over the next 4–5 years.
The Aaradhya Avaan project at Tardeo, the Tardeo 2.0 project, and the Marine Lines development; these three marquee South Mumbai projects together represent an estimated sales potential exceeding Rs.8,000 crores.”
The project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds an approximately 50.5% equity stake.
Godrej Industries Group Partners with PWD, Delhi Government for Restoration and Beautification of Netaji Subhash Place Flyover
Godrej Industries Group (GIG), in partnership with the Public Works Department (PWD), Delhi Government, has undertaken the restoration and beautification of the Netaji Subhash Place (NSP) Flyover stretch, from Ring Road to the NSP Metro Station. The initiative aims to improve the visual quality and long-term usability of a key public infrastructure corridor in Northwest Delhi.
Located at the junction of Ring Road and arterial routes leading towards Rohini and Pitampura, the NSP Flyover serves as an important gateway to Northwest Delhi. Over time, parts of the area beneath the flyover and adjoining medians had become underutilised, visually unappealing, and vulnerable to dumping and encroachment. The restoration initiative seeks to address these challenges through a planned, sustainable, and citizen-centric approach, aligned with the Delhi Government’s broader efforts to enhance public infrastructure.
Speaking on the initiative, Rekha Gupta, Chief Minister of Delhi, said “Revitalising under flyover spaces is an important step towards improving Delhi’s urban landscape and everyday experience for citizens. Meaningful public private partnerships enable us to restore neglected infrastructure into clean, safe, and well organised public spaces in a sustainable manner. Aligned with our vision of building a clean and beautiful Delhi, I appreciate the commitment shown by corporate partners like Godrej Industries Group in supporting the restoration and long term upkeep of the Netaji Subhash Place Flyover.”
The design approach prioritises low-height, shade-tolerant landscaping to maintain clear sightlines, improved lighting for pedestrian and traffic safety, and water-efficient irrigation systems to support long-term maintenance. These interventions are designed to encourage proper utilization of public spaces and improving the everyday experience for commuters and residents. All interventions have been planned within the regulatory framework of the Delhi Government and in close coordination with relevant civic and enforcement agencies.
Rakesh Swami, Group President and Head – Corporate Affairs, Godrej Industries Group, said, “At Godrej Industries Group, contributing to nation building goes beyond our businesses and reflects our long standing commitment to responsible action, sustainability, and the strengthening of public ecosystems. Shared public infrastructure plays a vital role in creating safer and more liveable cities. Our partnership with the PWD, Delhi Government, underscores our belief that meaningful urban transformation is best achieved through responsible collaboration between government and industry. Working closely with the Chief Minister’s Office, PWD Minister Parvesh Sahab Verma and his team, our focus has been on ensuring that the restoration of the NSP Flyover is thoughtfully planned, responsibly implemented, and maintained with a long term public perspective, contributing to improved safety, usability, and an enhanced everyday experience for citizens, while always keeping public interest at the centre.”
The NSP Flyover restoration adds to Godrej Industries Group’s long-standing engagement in supporting public spaces and urban infrastructure in partnership with civic authorities. Through sustained and responsible collaborations, including multi-year maintenance commitments, the Group continues to contribute to safer, more maintainable, and liveable urban environments across India.
Prestige Estates Launches 5,120-Unit Township ‘Prestige Golden Grove’ in Hyderabad with Rs.9,500 Cr GDV.
Prestige Estates Projects Limited has launched Prestige Golden Grove, one of the largest residential developments in Hyderabad, located in the rapidly growing Tellapur area.
Spanning 28.6 acres, the township features a total saleable area of approximately 10.36 million square feet and carries an estimated Gross Development Value (GDV) of over Rs.9,500 crore. The project comprises 5,120 residential units, offering a variety of configurations, including 2, 3, 3.5, and 4-bedroom homes, as well as 4-bedroom residences with staff accommodation. Unit sizes range from 1,169 sq. ft. to 3,013 sq. ft., with prices between Rs.1 crore and Rs.3 crore, catering to a wide spectrum of homebuyers.
Tellapur’s strategic location near Hyderabad’s major IT corridors and its well-developed social infrastructure make it an attractive destination for residential investment. Prestige Golden Grove is designed to provide a balanced lifestyle with modern architecture, ample open spaces, and a comprehensive suite of amenities for residents.
Commenting on the launch, Irfan Razack, Chairman and Managing Director of Prestige Group, said the project builds on the company’s strong presence in Hyderabad. “With Prestige Golden Grove, we are delivering the city’s largest development in Tellapur, aligning with the evolving aspirations of homebuyers. Our focus remains on disciplined execution and quality delivery throughout the project lifecycle,” he said.
The launch reinforces Prestige Estates’ strategy to expand in high-growth urban markets while offering a diversified portfolio of residential developments.
Adani Subsidiary Creates Three New Entities for Hotels, Realty and Airport City Projects.
Adani Enterprises has announced that its step-down subsidiary has incorporated three wholly owned units as part of its broader airport city expansion strategy focused on hospitality and real estate development. According to a regulatory filing, Adani Airport City Ltd has set up three new entities: Adani Navi Mumbai Airport City Ltd, Adani Guwahati Airport City Ltd, and Adani Ahmedabad Airport City Ltd. The newly formed companies will undertake real estate development activities, including construction of integrated hotel projects. These hospitality assets are expected to feature restaurants, banquet facilities, and business centres, aligning with the group’s plan to develop airport-linked urban infrastructure ecosystems across multiple cities.
HUDCO and NBCC Form Partnership for Large-Scale Redevelopment and Asset Monetisation Projects.
In a major step toward urban redevelopment and asset optimisation, two public sector undertakings—Housing and Urban Development Corporation Limited (HUDCO) and NBCC (India) Limited—have signed two strategic Memorandums of Understanding (MoUs) to jointly pursue large-scale redevelopment and monetisation projects. The collaboration is aimed at combining HUDCO’s financial strength with NBCC’s project management expertise to unlock value from prime urban real estate and promote sustainable development models across key locations. Under the first MoU, the two organisations will undertake the redevelopment of an 18,830 sq. metre leasehold plot at Block No. 25, August Kranti Bhawan, Bhikaji Cama Place in South Delhi. The site is set to undergo a complete transformation, beginning with detailed techno-economic feasibility studies to determine optimal land use. NBCC will act as the project management agency, overseeing execution and construction, while monetisation strategies will be developed to maximise returns from the newly developed built-up space.
The second MoU establishes a broader framework for cooperation on NBCC’s self-sustainable development projects. Subject to Government of India approval, HUDCO will provide financing support for ongoing and upcoming projects under this model. NBCC, in turn, will serve as the project management consultant, ensuring execution quality and timely delivery.
The partnership is expected to create a mutually beneficial arrangement, with HUDCO deploying capital into high-value urban infrastructure projects and NBCC gaining access to structured funding support to accelerate its project pipeline. Together, the two PSUs are expected to play a key role in reshaping parts of New Delhi’s commercial and urban landscape through redevelopment-led growth.
