Joyalukkas Lifestyle Announces 50-Storey Luxury Housing Project in Thrissur.
Joyalukkas Lifestyle Developers, the real estate arm of the Joyalukkas Group, has launched Gold Tower Thrissur, a 50-storey luxury residential project, as demand for premium housing continues to grow across Kerala’s urban centres.
Spread over 2.2 acres, the project is the company’s second flagship residential development after Gold Tower Kochi. The development is scheduled for completion within 1,000 days.
Commenting on the launch, Joy Alukkas, Chairman and Managing Director of the Joyalukkas Group, said Kerala’s luxury housing market is witnessing increasing demand from high-net-worth individuals, non-resident Keralites (NRKs), NRIs and professionals seeking premium residences with integrated lifestyle amenities.
Signature Global Ties Up Rs.920 Crore in Construction Contracts for Gurugram Housing Project.
Real estate developer Signature Global has awarded construction contracts worth Rs.920 crore to KEC International and NCC Ltd for its luxury housing project in Gurugram. The company is developing its 13.55-acre residential project, ‘Sarvam at DXP Estate’, in Sector 37D along the Dwarka Expressway in Gurugram. According to a statement issued by Signature Global recently, KEC International Ltd and NCC have each been awarded construction contracts worth Rs.460 crore.
The contracts mark a significant step forward in the development of the luxury housing project, which is part of Signature Global’s growing residential portfolio in the Gurugram market.
Kolte-Patil Bets on Mumbai Metropolitan Region, Projects Rs.6,000 Crore Revenue Opportunity.
Real estate developer Kolte-Patil Developers Ltd. has announced plans to undertake the redevelopment of six housing societies across the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of Rs.6,000 crore from the upcoming projects.
In a regulatory filing recently, the Pune-based developer said it has added six society redevelopment projects across prime locations in the MMR to its portfolio.
The combined estimated revenue potential of these projects stands at Rs.6,000 crore, the company said.
The move marks Kolte-Patil’s continued expansion in the Mumbai real estate market, with a focus on redevelopment opportunities in key urban locations.
Adani Cement Industries Boosts Capacity with 1.2-MTPA Brownfield Project.
Adani Cement Industries Ltd, a wholly owned subsidiary of Ambuja Cements Ltd, has commissioned a 1.2 million tonnes per annum (MTPA) brownfield expansion of its cement grinding unit at Dahej, Gujarat. With the commissioning of the expanded grinding unit, Ambuja Cements’ consolidated cement capacity has increased to 110.05 MTPA.
The capacity addition strengthens Ambuja Cements’ production footprint in Gujarat and supports the company’s broader expansion plans in the cement sector.
Prayagraj Smart City Begins Infrastructure Upgrade of Bharadwaj Park.
Bharadwaj Park, one of Prayagraj’s oldest and most prominent public parks, is set for a major facelift after its management was transferred from the Prayagraj Municipal Corporation (PMC) to Prayagraj Smart City Limited (PSCL).
The civic body has entrusted the operation and maintenance of the nearly five-acre park to the Smart City agency, which has begun work on introducing modern amenities and upgrading existing infrastructure, including plans for a cafeteria.
Officials said tenders have been floated for setting up the cafeteria, landscaping, beautification works, improved lighting and other infrastructure enhancements. The day-to-day upkeep of the park will be managed by a private agency under the supervision of Prayagraj Smart City Limited.
Located at Balson Crossing near Anand Bhawan, Bharadwaj Park has long been a popular recreational destination for morning walkers, children and families. The park underwent a major renovation ahead of the Kumbh 2019 as part of the city’s infrastructure development programme. Following the makeover, it was handed over to a private agency under the public-private partnership (PPP) model. However, the contract ended last year, leading to maintenance challenges.
Municipal officials said regular monitoring became difficult after the contract expired, while the park also faced issues related to electricity dues and supply disruptions.
A key attraction at the park is the towering statue of Maharishi Bharadwaj, one of Prayagraj’s revered ancient sages, which was installed during the 2019 Kumbh. The statue has since become a prominent city landmark and draws visitors throughout the year.
Volunteers from Shri Satya Seva Samiti, Prayagraj, have been cleaning and maintaining the statue every second Sunday since its installation. The organisation has also installed a water cooler at the park entrance and continues to oversee its upkeep.
Officials said the proposed upgrades aim to transform Bharadwaj Park into a better-maintained recreational space while preserving its heritage value and green character. The Smart City-led initiative is expected to enhance visitor facilities and ensure sustainable maintenance through professional management.
Lulu Group Eyes Central Kerala Expansion with New Hypermarket in Kottayam.
Lulu Group has announced plans to expand its footprint in central Kerala with the launch of its second hypermarket in Kottayam at the upcoming KGA Mall in Changanassery.
The retail major has signed a Letter of Intent (LoI) with KGA Group to establish a 50,000 sq. ft. hypermarket at the mall. The agreement was signed by Joy Shadanandan, Director, Thiruvananthapuram and Tamil Nadu Region, Lulu Group India, and Eapen K.C., Chief Executive Officer and Director, KGA Group, in the presence of Yusuffali M.A., Chairman of Lulu Group, and K.G. Abraham, Chairman and Managing Director, KGA Group.
The proposed hypermarket is expected to enhance Lulu Group’s retail presence in central Kerala by bringing its range of products and services closer to customers in Kottayam and neighbouring districts.
The project is also expected to generate more than 550 direct and indirect employment opportunities, the companies said.
Vedaanta Senior Living Plans Major Expansion Drive with Rs.800 Crore Investment Roadmap.
Bengaluru-based Vedaanta Senior Living is planning an investment of Rs.800 crore over the next three years to nearly double its presence across South India, driven by rising demand for organised retirement communities.
The senior living company currently operates 11 active communities housing around 1,000 families. It aims to expand this network to 24 active communities with capacity to accommodate 2,500 families by 2029.
Of the planned investment, around Rs.450 crore will be allocated to Tamil Nadu, Rs.200 crore to Kerala, and the remaining amount will be invested across Karnataka, Telangana and Andhra Pradesh, KB Babu, Director – Services, Vedaanta Senior Living, told businessline.
As part of its next phase of growth, the company is also evaluating strategic external capital to accelerate expansion and strengthen its presence across South India, Babu said.
Vedaanta Senior Living has invested around Rs.450 crore in the senior living segment over the past 11 years, he added. The company is looking to capitalise on the growing preference for professionally managed retirement communities as demand for senior care infrastructure increases.
Marathon Nextgen Realty Strengthens Mumbai Presence with Sewri Project Worth Rs.450 Crore.
Marathon Nextgen Realty Ltd (MNRL) has announced its entry into Sewri, Mumbai, through a joint development agreement (JDA) signed by its subsidiary Sunset Spaces Private Limited for a cluster redevelopment project.
The proposed development will feature a high-rise residential tower along with high-street retail spaces and will be developed on a land parcel measuring approximately 7,500 square metres. The project is estimated to have a Gross Development Value (GDV) of around Rs.450 crore for MNRL, subject to statutory approvals, final development plans, applicable regulations and market conditions.
Commenting on the project, Parmeet Shah, Director, Sunset Spaces Private Limited, said the Sewri development marks Marathon’s expansion into a strategically important South Mumbai micro-market with strong infrastructure-led growth potential.
He said the project will provide the company with a visible presence in Sewri, a location where Marathon has not previously operated. The company plans to expand its footprint across high-potential Mumbai markets through carefully selected opportunities while maintaining focus on location, product quality and execution.
The Sewri project also marks Marathon’s move into cluster redevelopment, complementing its recent entry into society redevelopment projects. The company expects these development models to create additional growth opportunities while broadening its presence across Mumbai’s real estate landscape.
Sewri has emerged as a key residential destination due to improved connectivity following the opening of the Atal Setu, which has strengthened links between South Mumbai, Navi Mumbai and the wider Mumbai Metropolitan Region. The upcoming Sewri-Worli Elevated Connector is expected to further enhance east-west connectivity by linking key infrastructure corridors including the Atal Setu, Coastal Road and Bandra-Worli Sea Link.
The area’s waterfront location, connectivity advantages and relatively attractive pricing compared with established South Mumbai neighbourhoods have increased its appeal among homebuyers and developers.
The project will now move into the planning and regulatory approval phase, with further updates to be shared by the company as per applicable disclosure requirements.
Sowparnika Projects Strengthens Kerala Presence with New Housing Developments
Bengaluru-based real estate developer Sowparnika Projects plans to invest Rs.200 crore in Kerala over the next three years as it expands its residential footprint across key markets in the state.
The company has outlined a growth roadmap targeting sales of Rs.150 crore in FY27, Rs.225 crore in FY28 and Rs.350 crore in FY29, taking its cumulative projected sales value to Rs.725 crore during the three-year period.
As part of its expansion strategy, Sowparnika Projects has launched Sowparnika Florenzza, a premium residential apartment project in Kunnamangalam, Kozhikode. The development marks the company’s second project in the district.
Located along NH-766, the project offers connectivity to Kozhikode city and Calicut International Airport, while also being in close proximity to major educational institutions, including IIM Kozhikode and NIT Calicut.
Lilavati Hospital Set to Launch Super-Speciality Outpatient Facility in Kazakhstan.
Mumbai-headquartered Lilavati Hospital is set to expand its international presence with the launch of a super-speciality outpatient department (OPD) facility in Kazakhstan in early September 2026, the hospital said.
The Trust-run hospital has previously expanded overseas into Mauritius and has also strengthened its presence in India with an expansion into Gujarat. The Kazakhstan facility will be the first Lilavati healthcare centre outside India to become operational, according to the hospital group.
The new facility is aimed at bringing Lilavati Hospital’s specialist consultations, second opinions, advanced treatment planning and medical expertise closer to patients across Central Asia.
The centre will offer super-speciality services across a range of disciplines, including oncology, liver and hepatobiliary care, kidney and transplantation, cardiac sciences, neurology and neurosurgery, IVF and reproductive medicine, gastroenterology, orthopaedics, urology, endocrinology and diabetes, paediatrics and pulmonology. For complex cases requiring advanced treatment or surgery, patients will be connected with Lilavati Hospital in Mumbai, the hospital said.
The Kazakhstan expansion marks another step in Lilavati Hospital’s efforts to build an international healthcare network and extend access to specialised medical expertise beyond India.
Godavari Riverfront in Nashik Set for 14-Km Pedestrian and Cycling Corridor.
Nashik is set to develop a nearly 14-km dedicated riverfront corridor for pedestrians and cyclists along the Godavari river, with the project included in the draft Comprehensive Mobility Plan (CMP) prepared by Maharashtra Metro Rail Corporation Ltd (Maha-Metro).
The proposed 13.95-km non-motorised transport (NMT) corridor, estimated to cost around Rs.28 crore, aims to promote walking and cycling while creating a pedestrian-friendly mobility network along the riverfront. The project will be implemented in three phases over the coming years. Under the first phase, a 4.95-km stretch from Chandwadkar Road to Tapovan in the Panchavati area will be developed at an estimated cost of Rs.9.9 crore. The second phase proposes a 3.4-km corridor between Anandvalli and Chandwadkar Road, with an estimated investment of Rs.6.8 crore.
The third phase will cover the remaining 5.6-km stretch, including sections between Gangapur village and Anandvalli, and Tapovan and Jail Road, at a projected cost of Rs.11.2 crore.
The Godavari river flows for around 18 km within Nashik city limits, of which nearly 14 km has been identified for non-motorised transport infrastructure. Officials said the corridor is expected to improve access to the riverfront while encouraging sustainable modes of travel.
The riverfront project is part of a larger mobility strategy outlined in the CMP, which proposes the development of around 131 km of pedestrian infrastructure and 88 km of dedicated cycling tracks across Nashik.
The plan focuses on improving last-mile connectivity and creating safer facilities for walkers and cyclists.
Urban mobility experts noted that several roads in the city are either narrow or lack adequate footpaths, creating challenges for pedestrians. The CMP has recommended upgrades to pedestrian infrastructure, including improved footpaths and better road design.
Beyond pedestrian and cycling facilities, the mobility plan includes proposals for junction improvements, Adaptive Traffic Control Systems (ATCS), Intelligent Transport Systems (ITS), road safety measures, freight management initiatives and the development of truck terminals.
The CMP also recommends a comprehensive parking policy and parking management strategy to regulate on-street and off-street parking and reduce congestion in key commercial areas.
With Nashik preparing for future urban growth and an expected rise in travel demand during the Simhastha Kumbh Mela 2027, the proposed Godavari riverfront corridor is expected to become a key non-motorised transport asset, offering residents and visitors a safer, greener and more accessible mobility option.
Prayagraj Junction to Get Two New Platforms Under Expansion Plan.
After six years of planning, construction work on two new platforms at Prayagraj Junction has commenced, marking a key step in the station’s capacity expansion and redevelopment plans.
The Prayagraj division of North Central Railway (NCR) has started land levelling work for the new platforms between the existing platforms 7-8 and 9-10. The platforms are being developed along the alignment of former tracks 14 and 15, which were removed permanently after the completion of the station’s yard remodelling.
Following the removal of these tracks, the total number of tracks at Prayagraj Junction has reduced from 27 to 25. Once completed, the two new platforms will increase the station’s total platform count to 12, enabling it to handle rising passenger footfall and train movement more efficiently.
The new platforms are also expected to resolve a long-standing bottleneck in the station redevelopment project. The construction of the proposed station concourse, which had been delayed due to space limitations, can now proceed as supporting pillars will be built in the newly created platform area.
Meanwhile, Prayagraj Junction has commissioned dedicated pit lines and washing lines capable of handling 24-coach trains, strengthening maintenance facilities at the station.
Pit lines allow railway personnel to inspect and maintain critical components such as wheels, brake systems and pipelines through inspection pits beneath the tracks.
Washing lines are used for detailed cleaning of train coaches before they return to service.
The new facilities will reduce dependence on other stations for train maintenance and cleaning, helping cut turnaround time, improve operational efficiency and enhance the upkeep of long-distance trains originating from or passing through Prayagraj Junction.
