Ambuja Cements To Launch Eco Friendly Grinding Unit At Gangavaram Port
Lodha Developers Appoints Anubhav Gupta As Regional CEO To Lead Retail Operations Expansion
Lodha Developers has appointed Anubhav Gupta as Regional Chief Executive Officer for its retail operations, signalling a strategic push to enhance its urban retail portfolio. The appointment aligns with the company’s focus on design-led, sustainable, and experience-driven retail environments across its developments.
Gupta, an industry veteran with over two decades of experience, brings expertise in real estate operations, sustainability, and design innovation. Prior to joining Lodha, he held senior leadership roles at prominent real estate firms, including overseeing ultra-luxury portfolios, driving operational efficiency, and elevating customer experience standards. His tenure also included leading sustainable urban projects and pioneering design studios that integrated ESG principles into real estate development. Industry experts note that Gupta’s appointment reflects Lodha Developers’ intent to blend commerce, community, and culture within retail spaces, creating environments that are not only commercially viable but also socially and environmentally responsible. Under his guidance, Lodha’s retail arm is expected to adopt future-ready models that prioritise eco-friendly infrastructure, gender-neutral spaces, and inclusive urban design.
Officials highlighted that the retail segment is central to Lodha’s broader vision of creating integrated, sustainable urban communities. With rising consumer demand for experiential shopping and community-centric retail, the company plans to leverage Gupta’s expertise to refine strategic layouts, improve operational processes, and enhance customer engagement across its retail properties. Gupta’s global exposure in design and planning adds further value, offering insights into international best practices that can be adapted to India’s dynamic urban context. This includes optimising spaces for efficiency, sustainability, and adaptability while ensuring that retail environments contribute positively to the city’s urban fabric.
The move is seen as part of Lodha Developers’ long-term strategy to consolidate its position in the retail market while embedding sustainability and innovation at the core of its operations. Analysts suggest that leadership appointments such as this indicate a growing trend among Indian real estate firms to focus on environmentally responsible and socially inclusive commercial spaces. With Anubhav Gupta at the helm, Lodha’s retail operations are poised for a new phase of growth, combining operational excellence with a forward-looking, sustainable approach that aligns with contemporary urban lifestyles.
Lodha Developers Appoints Anubhav Gupta As Regional CEO To Lead Retail Operations Expansion
K Raheja Corp Appoints Venkat Neelakantan As SVP Asset And Facility Management
K Raheja Corp has strengthened its executive leadership by appointing Venkat Neelakantan as Senior Vice President and Head of Asset and Facility Management, marking a strategic move to enhance operational efficiency and service excellence across its pan-India portfolio. This leadership addition reflects the company’s commitment to sustainable, innovative, and technology-driven real estate operations.
The appointment comes at a time when real estate firms are increasingly prioritising operational optimisation, tenant experience, and eco-friendly building management practices. Experts note that facility management in large urban portfolios now demands a balance between cost efficiency, environmental sustainability, and scalable operational frameworks. Venkat Neelakantan brings decades of experience in real estate operations, infrastructure strategy, and facility management, positioning him to deliver on these complex objectives. According to company officials, Venkat will oversee the performance of K Raheja Corp’s assets, streamline facility operations, and ensure tenants experience high service standards. The role includes optimising lifecycle value, integrating green building practices, and leveraging data-driven strategies to improve energy efficiency, safety, and operational sustainability. The appointment aligns with K Raheja Corp’s broader strategy to implement environmentally responsible and gender-neutral workplace practices while elevating the efficiency of its properties.
An official from K Raheja Corp commented, “The addition of Venkat Neelakantan to our leadership team underscores our focus on operational excellence and sustainable growth. His expertise in infrastructure and asset management will help us further our mission to provide high-quality, resilient, and eco-friendly spaces for tenants and investors alike.” Venkat Neelakantan, reflecting on his new role, said, “I am excited to join an organisation with a legacy of excellence and innovation. My focus will be on enhancing operational efficiency, driving sustainability, and delivering world-class tenant experiences across our portfolio. This is an opportunity to integrate modern facility management practices with the company’s vision for growth and environmental stewardship.”
Industry analysts observe that K Raheja Corp’s strategic hiring indicates a broader trend in the Indian real estate sector, where companies are increasingly emphasising leadership capable of balancing commercial objectives with sustainability goals. With a rising focus on zero-net carbon buildings, energy optimisation, and technologically advanced facility management, such appointments are considered crucial for competitive advantage and long-term asset value creation. By positioning Venkat Neelakantan in this role, K Raheja Corp aims to set benchmarks in operational excellence while promoting equitable, eco-conscious, and tenant-focused real estate solutions. The move is also likely to influence peers in adopting integrated and sustainable asset management practices, signalling a shift in how urban real estate portfolios are managed across India.
K Raheja Corp Appoints Venkat Neelakantan As SVP Asset And Facility Management
Mumbai Records Strong Property Growth 10630 Deals During Festive Season 2025
Mumbai’s real estate market witnessed a notable upswing during the 2025 festive period, with 10,630 property registrations recorded during Navratri and Ganesh Chaturthi, reflecting a 23% increase over 8,604 registrations during the same period in 2024, according to data analysed from Maharashtra IGR by real estate advisory Knight Frank India.
The Navratri period alone, spanning September 22 to October 1, saw 6,238 properties registered, a 20% rise from 5,199 during the corresponding days in 2024. Daily average registrations rose to 624 units from 578 units in 2024, indicating a stronger market appetite among homebuyers despite ongoing economic uncertainties. The Ganesh festival period, observed from August 27 to September 6, also demonstrated significant activity with 4,392 registrations, a 29% increase over the 3,405 properties registered during the 2024 celebrations. Experts suggest that cultural factors combined with growing investor confidence and improved property financing options contributed to the strong demand.
Interestingly, even the traditionally inauspicious Shradh period registered growth, with 3,368 properties recorded in 2025, up 5% from 3,216 in 2024. Analysts attribute this steady increase to changing buyer behaviour, where practical investment considerations are outweighing traditional superstitions. The surge in property registrations contributed to a 17% year-on-year increase in Maharashtra state revenue collections during the festive season, reaching ₹587 crore. Officials highlighted that the improved revenue reflects both increased transaction volumes and better compliance with registration procedures, underscoring a more robust and transparent property market.
Real estate consultants indicate that Mumbai’s festive property demand is being fuelled by multiple factors, including rising household incomes, favourable home loan interest rates, and the psychological impact of auspicious periods influencing buyer decisions. Sustainability and eco-conscious housing are emerging trends, with developers offering greener options and energy-efficient homes, aligning with urban planning initiatives to build equitable, low-carbon cities. The overall market sentiment suggests that Mumbai’s real estate sector continues to rebound after pandemic-related slowdowns, with festive periods serving as crucial markers for both residential and commercial property uptake. Officials expect the trend to persist into the later months of 2025, as festivals and economic optimism encourage further market participation.
The data signals not just a temporary festive surge, but a broader revival in Mumbai’s real estate activity, reflecting resilience in urban housing demand and the growing confidence of investors and homebuyers in the city’s property landscape.
Mumbai Records Strong Property Growth 10630 Deals During Festive Season 2025
CIDCO Launches E Auction For 30 Prime Plots Near NMIA
Navi Mumbai’s urban landscape is set for a significant transformation as the City and Industrial Development Corporation (CIDCO) prepares to conduct an e-auction for 30 strategically located plots near the upcoming Navi Mumbai International Airport (NMIA). The auction, scheduled for 16 October, promises to attract developers, investors, and commercial stakeholders, with results expected the following day.
The parcels, located in proximity to the airport, are earmarked for diverse purposes, including residential, commercial, bungalow, service industry, and storage or warehousing developments. CIDCO has ensured transparency and accessibility by making all plot details available online. A comprehensive booklet outlining exact locations will be released on 29 September through the authority’s official portal. This initiative aligns with the broader urban development agenda of Navi Mumbai, which has witnessed phased infrastructural growth across its 14 nodes, including Airoli, Vashi, Nerul, Belapur, Kharghar, Kamothe, Ulwe, New Panvel, and Dronagiri. CIDCO’s leasehold model, traditionally spanning 30-year terms, has recently been enhanced, allowing for the conversion of residential plots to freehold upon payment of a conversion fee linked to ready reckoner rates. This flexibility is expected to incentivise investment and encourage sustainable urban development.
Officials highlighted that the timing of this e-auction coincides with the imminent operationalisation of NMIA, which is set to become a key regional air hub. The airport’s launch, coupled with a partial stretch of Mumbai’s Metro-3 corridor, is poised to improve connectivity across the metropolitan region, increasing the attractiveness of these plots for both residential and commercial developments. Experts from urban planning and real estate sectors note that the integration of airport-adjacent land with robust transport infrastructure can catalyse economic activity while encouraging sustainable urban densification. CIDCO’s e-auction mechanism is also designed to ensure efficiency, minimising procedural delays and enabling transparent bidding.
As Navi Mumbai continues its transition into a globally connected urban hub, this move by CIDCO is a strategic step toward enhancing equitable urban growth. The plots, positioned near essential transport corridors and upcoming infrastructural nodes, are likely to redefine investment patterns in the region while supporting an eco-conscious development framework that aligns with India’s larger vision for sustainable cities. With heightened investor interest anticipated, the upcoming e-auction is not merely a land sale but a milestone in shaping the future urban fabric of Navi Mumbai, balancing commercial ambition with sustainable city planning.
CIDCO Launches E Auction For 30 Prime Plots Near NMIA
TK Elevator Launches Srinagar Office To Enhance Elevators Escalators Services
TK Elevator, a global leader in elevators, escalators, and smart mobility solutions, inaugurates a new office in the city’s Hyderpora area. The facility is designed to provide rapid installation, maintenance, and modernisation services, reinforcing the region’s infrastructure capabilities amid a surge in residential, commercial, and public development projects.
The expansion aligns with Srinagar’s broader infrastructure growth, including new hospitals, high-rise apartments, hotels, and commercial complexes. With increasing demand for safe, efficient, and sustainable vertical transportation, the Hyderpora office serves as a strategic hub, equipped with spare parts, skilled technicians, and streamlined service protocols to ensure swift response times and high-quality outcomes. Officials at TK Elevator note that this regional presence strengthens the company’s commitment to delivering reliable and innovative mobility solutions while supporting local employment and regional economic growth. By situating the office close to key commercial areas, transport links, and ongoing projects, TK Elevator ensures seamless access for both residential and commercial clients.
Advanced technology integration is central to the company’s offerings. Elevators and escalators in Srinagar will feature predictive maintenance systems, energy-efficient designs, and smart controls to optimise performance, reduce environmental impact, and enhance user safety. Projects such as hospitals and shopping centres will particularly benefit from uninterrupted and reliable vertical transport, while the office will also focus on modernising older systems to extend their operational life. This development adds to TK Elevator’s extensive Indian network, which includes four regional offices, 21 branches, and 84 service centres nationwide. The Srinagar office further enhances this network, providing local expertise, faster service, and ready access to technical support and spare parts, thereby ensuring consistent quality across the region.
Experts highlight that sustainable urban mobility is crucial as Srinagar continues to expand. By prioritising energy-efficient products and reducing carbon footprints, TK Elevator contributes to the city’s green infrastructure goals. Additionally, local hiring and collaboration with regional partners support Jammu & Kashmir’s economy while strengthening community engagement. For Srinagar residents and businesses, the office represents more than a technical service hub—it provides access to advanced mobility solutions that improve everyday life. From safer rides in high-rises to smooth escalator operation in public spaces, the new office is a cornerstone in building a connected, sustainable, and resilient urban environment.
As Srinagar continues to grow, TK Elevator’s presence ensures that the city’s mobility infrastructure remains safe, reliable, and future-ready, balancing innovation with local needs and environmental responsibility.
TK Elevator Launches Srinagar Office To Enhance Elevators Escalators Services
Mumbai Property Registrations Rise 32 Percent Stamp Duty Collections Jump 47 Percent
Mumbai’s real estate market recorded a remarkable surge in September 2025, defying the traditional slowdown during the Shradha fortnight. Property registrations across the city rose 32 percent year-on-year to 12,070 units, while stamp duty collections jumped 47 percent to ₹1,292 crore, reflecting strong buyer activity and shifting festive calendars, according to officials from leading real estate analytics firms.
Experts explained that the earlier occurrence of the Shradha period this year, which ended on September 21, coupled with Navratri celebrations beginning on September 22, accelerated property transactions. On a month-on-month basis, registrations increased 7 percent and stamp duty revenue rose 29 percent, highlighting robust market momentum. Residential properties dominated the market, accounting for 80 percent of all registrations in September, reflecting sustained end-user demand. Cumulative figures for the first nine months of 2025 indicate that Mumbai registered over 111,939 properties, contributing more than ₹11,141 crore to the state exchequer. This represents a 6 percent year-on-year increase in registrations and a 26 percent rise in revenue, signalling continued confidence among buyers and investors in the city’s housing sector.
Market analysts noted that high-value properties are attracting increasing attention. Homes priced above ₹5 crore accounted for 7 percent of total registrations in September, up from 5 percent the previous year, while affordable housing below ₹1 crore saw a marginal decline due to affordability pressures. Properties priced between ₹1–2 crore recorded a slight uptick, highlighting a resilient mid-segment market, while the 2–5 crore segment remained stable. In terms of unit size, compact homes under 1,000 sq ft remained most popular, representing 81 percent of total registrations. Mid-sized units of 1,000–2,000 sq ft accounted for 14 percent, while larger apartments above 2,000 sq ft made up 5 percent, indicating a niche but steady luxury segment demand.
Suburban markets continued to anchor activity, with Western and Central suburbs collectively accounting for 88 percent of total registrations. The Western Suburbs contributed 59 percent, Central Suburbs 29 percent, while South Mumbai and Central Mumbai registered lower shares at 8 percent and 5 percent respectively. Experts emphasised that the continued dominance of suburban areas underscores the growing demand for well-connected residential neighbourhoods. Officials highlighted that the market’s performance reflects both a mature urban ecosystem and enduring buyer confidence. They noted that shifting festive calendars and improving sentiment among end-users and investors have driven higher-than-expected transaction volumes. With sustained residential demand and robust revenue collection, Mumbai’s real estate sector continues to demonstrate resilience and strategic growth potential.
Mumbai Property Registrations Rise 32 Percent Stamp Duty Collections Jump 47 Percent
Bollywood Actor Pankaj Tripathi Family Buys Apartments Rs 10.85 Crore
Bollywood actor Pankaj Tripathi, along with his wife and daughter, has purchased two apartments in the city valued at a combined Rs 10.85 crore. The acquisitions highlight Mumbai’s enduring appeal as a prime investment hub, even amid broader economic uncertainties.
The first apartment, jointly acquired by Pankaj Tripathi and his daughter, is located in Andheri West and is valued at Rs 9.98 crore. The RERA-certified property spans a carpet area of approximately 2,026 sq. ft. with an additional balcony area of 346 sq. ft., and comes with three designated parking spaces. The registration, completed in July 2025, incurred stamp duty of Rs 59.89 lakh along with registration fees of Rs 30,000. The second apartment, purchased by his wife and daughter in Kandivali West, is valued at Rs 87 lakh and features a carpet area of roughly 425 sq. ft. Registered in September 2025, the transaction included a stamp duty payment of Rs 4.35 lakh and a registration fee of Rs 30,000.
These acquisitions coincide with a period of strong performance in Mumbai’s residential property segment. Data from the Maharashtra State Revenue Department shows that between January and August 2025, the city recorded nearly 99,869 property registrations, generating over Rs 8,854 crore in revenue. This represents a 3% growth in transaction volume and an 11% rise in revenue compared to the same period in 2024. Experts note that residential demand continues to dominate, accounting for more than 80% of overall registrations. Industry analysts attribute this trend to a combination of factors, including the city’s limited land availability, sustained buyer confidence, and the migration of investors seeking alternatives to volatile equity markets. With housing prices on the rise across most Indian cities, real estate continues to offer a tangible and relatively secure investment avenue.
Luxury and mid-segment properties remain particularly attractive. Homes priced above Rs 5 crore accounted for 7% of total registrations in September 2025, up from 5% the previous year, signalling growing demand in the premium segment. Smaller units under 1,000 sq. ft. continue to dominate overall transactions, reflecting the balance buyers seek between affordability and functional living space. These high-profile purchases by Pankaj Tripathi’s family underscore Mumbai’s status as a resilient real estate market and reinforce the city’s growing role as a preferred destination for celebrity and investor-led property acquisitions. Officials and experts suggest that continued demand across both luxury and mid-segment categories is likely to support long-term growth, making Mumbai a sustained focal point for residential real estate investment.
Bollywood Actor Pankaj Tripathi Family Buys Apartments Rs 10.85 Crore
Total Environment Appoints Pramod Bisht As MD & CEO Real Estate Division
Total Environment, a design-led real estate developer known for its eco-conscious and bespoke communities, has announced the appointment of Pramod Bisht as Managing Director and Chief Executive Officer of its Real Estate Division. With nearly three decades of experience in India’s real estate sector, Bisht brings strategic leadership expertise, having scaled businesses, delivered high-value projects, and driven operational transformation across multiple markets.
In his new role, Bisht will oversee Total Environment’s real estate development strategy, focusing on unlocking growth opportunities, expanding project portfolios, and ensuring timely, high-quality delivery aligned with the company’s commitment to sustainable, design-centric residential spaces. Experts within the company highlight that his leadership is expected to further strengthen Total Environment’s positioning as a premium, environmentally sensitive real estate brand catering to discerning homebuyers. Bisht joins Total Environment after senior roles at leading developers and multinational firms, where he managed portfolios exceeding annual sales bookings of Rs 6,500 crore, led market expansion initiatives, and implemented large-scale urban residential projects. His credentials include an Advanced Management degree from The Wharton School, an MBA from IIM Bangalore, and a Bachelor of Engineering in Electronics from Delhi College of Engineering.
Industry officials point out that Total Environment has built a reputation for integrating nature with modern architecture, delivering nearly 4,000 homes, and managing 14 million sq. ft. of ongoing construction. The company recorded sales bookings of Rs 3,007 crore in 2024, reflecting strong demand for its design-led developments. Under Bisht’s leadership, Total Environment aims to continue developing sustainable, zero-net-carbon communities that emphasise livability, wellness, and ecological harmony. A senior company official stated, “Bisht’s appointment is a strategic move to strengthen Total Environment’s real estate vertical. His experience in operational excellence and market expansion aligns perfectly with our vision of creating thoughtfully designed, environmentally responsible residential spaces.”
As part of its growth trajectory, Total Environment is expected to leverage Bisht’s expertise to explore new development opportunities, foster strategic partnerships, and adopt innovative construction and design solutions that adhere to eco-friendly and gender-neutral urban living standards. Analysts suggest that the move signals the company’s intent to scale operations while maintaining a sustainable, design-led approach that distinguishes it in India’s competitive real estate market. Bisht commented on his appointment, emphasising his commitment to sustainable and innovative urban living. “I look forward to working with Total Environment’s team to create spaces that elevate lifestyles while reflecting ecological responsibility and design excellence,” he said.
Total Environment’s leadership transition underlines a broader industry trend of appointing experienced executives capable of balancing rapid growth with sustainability, operational efficiency, and customer-centric design, ensuring that new urban developments contribute positively to cityscapes and communities.
Total Environment Appoints Pramod Bisht As MD & CEO Real Estate Division
Mumbai Set To Redevelop 15.8 Acre Worli Dairy Land Into Financial Hub
