Adani to Build Rs 100 Bn Township in Panvel

06 May 2025 CW Team

Following its central role in Mumbai鈥檚 Dharavi redevelopment, Adani Realty is now planning a major real estate push in Panvel, with a township project worth nearly Rs 100 billion. Spread over 1,000 acres, the proposed 鈥淎dani Panvel鈥� township is expected to be one of the largest real estate investments in the Mumbai Metropolitan Region (MMR) in recent times.

The project arrives at a time when Panvel is witnessing rapid infrastructure upgrades, making it a key residential and commercial hub. Improved connectivity through the Mumbai Trans Harbour Link (Atal Setu), along with the upcoming Navi Mumbai International Airport (NMIA), has significantly boosted the area鈥檚 appeal. The government鈥檚 Third Mumbai plan鈥擪arnala-Sai-Chirner New Town鈥攁lso places Panvel at the centre of a new wave of urban expansion.

Adani Panvel is expected to further accelerate real estate activity in Navi Mumbai, driving prices upward and attracting more investment. Market experts say the project鈥檚 scale and backing by a major developer mark a turning point for the region.

Dhiren Tharwani, Director of Tharwani Realty, stated that Navi Mumbai is evolving from an affordable housing zone into a premium and ultra-premium destination. Jignesh Visaria, Partner at The Platinum Group, added that Adani鈥檚 1,000-acre land acquisition signals a broader shift towards large-scale integrated townships. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, echoed this sentiment, highlighting Navi Mumbai鈥檚 transformation into one of the city鈥檚 most promising real estate markets.

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..