Maharashtra Pushes for Self-Redevelopment in Housing Sector
JSW Paints, Advent-Indigo Compete for Akzo Nobel India
The race to acquire Akzo Nobel India has become a competitive battle with top industry players throwing their hats into the ring.
As part of its global restructuring strategy, the Dutch multinational Akzo Nobel NV is preparing to exit its Indian operations, putting its local subsidiary, which owns the renowned Dulux Paints brand, up for sale. JSW Paints, a leading player in the Indian paints industry, and a consortium comprising Advent International and Indigo Paints have emerged as the top contenders for the acquisition. Additionally, Pidilite Industries, the maker of Fevicol, has also shown interest, although its focus is mainly on the decorative paint segment rather than a full-scale takeover.
Reports indicate that JSW Paints and the Advent-Indigo consortium have both submitted binding bids for Akzo Nobel India. These submissions came after the initial deadline for bids, which was set for April 15, 2025, was extended to allow potential buyers to finalise their offers. While the specific bid amounts remain confidential, it is believed that the competition for Akzo Nobel India is expected to reach significant figures given the strategic importance of the company’s market share and brand reputation in India’s rapidly growing paint industry. At the heart of this acquisition is Akzo Nobel India’s market dominance in the decorative paint segment, where it holds a substantial share, mainly through its Dulux brand. As part of its global realignment, Akzo Nobel NV has been offloading non-core assets and re-evaluating its position in India, especially as competition in the decorative paint sector intensifies. According to market analysts, the decorative paint segment is now “ripe for consolidation,” with several companies vying for a stronger foothold to capitalise on the growing demand for home and industrial coatings in India.
Akzo Nobel India, which currently boasts a market capitalisation of approximately Rs 15,943 crore, has seen a drop of around 2 percent in its share value this year. Despite this minor dip, experts indicate that the company’s vast distribution network, brand equity, and established presence in India make it an attractive proposition for potential buyers. The company’s ability to capture the expanding middle-class market in India with its premium paint offerings positions it as a valuable asset in the booming home improvement sector. JSW Paints, which is part of the diversified JSW Group, has made significant strides in India’s highly competitive paint market in recent years. The company’s bid for Akzo Nobel India is seen as part of its ambitious growth strategy to expand its footprint in the Indian paint industry. The addition of Akzo Nobel India’s manufacturing capabilities, customer base, and distribution channels would allow JSW Paints to significantly enhance its market share. The company has already made a mark with its eco-friendly and sustainable product offerings, which aligns with the growing demand for sustainable building materials in India’s urbanising landscape.
Meanwhile, the consortium of Advent International and Indigo Paints has also made a strong push for the acquisition. Indigo Paints, known for its innovative and affordable paint solutions, has been gaining momentum in India’s paints industry. Partnering with Advent International, a global private equity firm with experience in facilitating mergers and acquisitions, the consortium is expected to bring fresh capital and expertise to the table, which could help propel Akzo Nobel India to new heights in the face of increasing competition. Pidilite Industries, the maker of the popular Fevicol brand, has entered the fray with a more focused bid aimed primarily at Akzo Nobel India’s decorative paint business. Known for its strong presence in adhesives and sealants, Pidilite’s interest is seen as a strategic move to further diversify its product portfolio. While Pidilite is not regarded as an aggressive bidder for the entirety of Akzo Nobel India, its focus on the high-margin decorative segment could help strengthen its position in a lucrative market.
Industry experts suggest that the ongoing bidding war for Akzo Nobel India is indicative of the intense competition in India’s paint sector. As urbanisation accelerates and the construction sector booms, demand for both decorative and industrial paints is expected to rise significantly. The paints market, worth billions, is witnessing rapid growth, particularly in the home improvement and infrastructure development sectors, with more consumers opting for premium products that offer superior durability and aesthetic appeal. While Akzo Nobel India’s future appears to be in the hands of its potential acquirers, the eventual buyer will need to navigate several challenges, including fierce competition, evolving consumer preferences, and rising raw material costs. Additionally, the company’s ability to innovate and remain competitive in an increasingly crowded market will be crucial for ensuring its long-term success.
The outcome of this high-stakes bidding process will have a significant impact on the Indian paints industry, reshaping the competitive landscape and offering insights into the broader trends of mergers and acquisitions within the country’s manufacturing sector. As the market awaits further developments, it is clear that the consolidation of major players is an inevitable part of India’s industrial evolution, which is increasingly being driven by both global and domestic forces. For now, the paint industry and investors alike will be keeping a close watch on the outcome of the bidding process, as the winner of Akzo Nobel India will not only acquire a well-established brand but also secure a leading position in one of the fastest-growing industries in India.
JSW Paints, Advent-Indigo Compete for Akzo Nobel India
Kajaria Tiles Reports Rs 470 Million Turnover in 6 Months
Kajaria Tiles, a major player in the global tiles market, has posted an impressive turnover of Rs 470 million in the first half of the current fiscal year, driven by its operations in Nepal.
The company, through its joint venture with the Nepali business house Ramesh Corp, has positioned itself as a key contributor to the growing tile manufacturing sector in the region. This success marks a significant milestone for Kajaria Tiles in Nepal, which has been gaining ground as a competitive player in the local and regional market. The India-based company’s operations in Nepal are part of its strategic expansion following the Nepal government’s increased import duties on tiles. As per the recent changes in customs policy, the government raised the import duty on tiles from 30 percent to 40 percent, compelling Indian manufacturers to look for production options within the country. With a favourable policy environment that includes a 5 percent customs duty on raw materials, the entry of Indian companies into Nepal’s tile manufacturing sector has been a direct response to the rising costs of imports.
Kajaria Tiles, which has set up its plant in Bardaghat, Nawalparasi, is now 50 percent owned by Indian investors, with the rest of the stake held by Nepali investors. The plant is equipped to meet the growing demand for tiles in Nepal and neighbouring regions, where Kajaria is known for its premium quality and wide variety of tile products. In the six-month period ending March 31, 2025, Kajaria reported a turnover of Rs 479 million, contributing significantly to the company’s overall revenue from the South Asian market. For the entire fiscal year, the company projects total revenues of Rs 948 million, showcasing the rapid growth in its operations. According to experts from ICRA Nepal, Kajaria Tiles’ business has expanded at a solid pace, aided by a rising demand for locally produced tiles in Nepal. During the first half of the year, the company’s profit margin stood at 18.7 percent. While this figure is promising, industry insiders point out that there is ample room for growth if Kajaria can increase its sales in the coming months. The focus will likely remain on expanding its reach in domestic markets and exploring new export opportunities within the region.
One of the critical factors driving Kajaria’s success in Nepal is the local government’s policy, which has created a conducive environment for domestic tile production. With the government’s focus on encouraging local manufacturing through reduced duties on raw materials and support for businesses in the form of infrastructure development, Indian companies like Kajaria Tiles are finding Nepal to be a valuable base for production. The company’s local production has not only mitigated the impact of increased customs duties but has also contributed to the country’s economic growth, offering job opportunities and fostering industry development. Despite these advantages, experts have warned that any potential policy shifts could alter the business landscape in Nepal. As the global trade environment remains unpredictable, fluctuations in government policy could introduce risks for foreign investors. This risk of policy changes is something that Kajaria and other foreign investors are carefully monitoring as they expand their operations.
Kajaria Tiles’ foray into Nepal’s manufacturing landscape also reflects broader trends in the region’s industrial growth. Three years ago, the first full-scale domestic investment in tile production was initiated by Nepovit Tiles in Birgunj, marking the beginning of a new era for the country’s industrialisation. Since then, several more manufacturers have set up plants, contributing to the diversification of Nepal’s industrial sector. However, Kajaria’s entry into the market with its global brand recognition has added a level of competition that is expected to drive further advancements in production and technology. Looking ahead, Kajaria Tiles is poised to strengthen its position in Nepal and South Asia by leveraging its robust supply chain, innovative product offerings, and strategic partnerships with local businesses. The company is focusing on sustainability and eco-friendly practices in its production processes, aligning with global trends towards carbon-neutral manufacturing. This focus on sustainability is not only in line with the global push for reducing the environmental footprint of industries but also resonates with local consumers who are becoming increasingly aware of the need for eco-friendly products in their everyday lives.
Moreover, the potential for Kajaria Tiles to expand its market share in Nepal is significant. Experts believe that as urbanisation continues in the region, there will be an ever-growing demand for quality building materials, particularly in residential and commercial construction. Kajaria’s capacity to offer affordable, durable, and aesthetically appealing tiles positions the company well to capture a larger portion of this market. As India’s manufacturing giants, like Kajaria, continue to invest in Nepal, it is clear that the region holds immense potential for industrial growth. By fostering a conducive business environment and supporting local manufacturing, Nepal is positioning itself as an attractive destination for foreign investments. However, maintaining stability in policies will be key to ensuring long-term growth and securing future investments in the country’s industrial sectors.
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Kajaria Tiles Reports Rs 470 Million Turnover in 6 Months
Odisha CM to Represent State at India Steel 2025 in Mumbai
Odisha’s growing prominence in the steel industry is set to take centre stage at India Steel 2025, a key conference being held at the Bombay Exhibition Centre in Mumbai.
The event, organised by the Ministry of Steel in collaboration with FICCI, has attracted global leaders and industry giants from the steel sector. At this crucial juncture, Odisha’s government is aiming to cement the state’s position as the steel capital of India. The state’s delegation, led by an official from the Odisha government, is presenting Odisha’s vast potential to the steel industry’s most influential players. The conference, inaugurated by the Prime Minister, is a high-profile gathering featuring global dignitaries, policy makers, and key industrialists, including representatives from top steel companies such as Tata Steel, JSPL, JSW, and SAIL.
The Odisha government’s participation at India Steel 2025 is focused on highlighting the state’s strengths in raw material availability, infrastructure, and progressive policies that support the growth of steel production. At the heart of the state’s agenda is a roundtable session titled “Odisha – Focusing on Expanding Steel Production and Raw Material Supply,” which will be chaired by the chief of Odisha’s steel initiative. This session promises to be a major event, bringing together industry leaders to discuss Odisha’s role in supporting India’s steel ambitions. Key to Odisha’s strategy is its rich reserves of raw materials essential for steel production. The state boasts one of the largest deposits of iron ore, coal, and other minerals, providing a unique advantage in raw material availability. Additionally, Odisha’s well-established infrastructure in mining, logistics, and manufacturing facilities strengthens its ability to meet the ever-growing demands of the steel industry.
The state’s government is also set to highlight its focus on progressive policies designed to foster growth in the sector. These include an emphasis on sustainable practices, the use of green technologies, and improving workforce conditions. These elements are particularly relevant given the growing global emphasis on carbon neutrality and eco-friendly industrial practices. The roundtable discussion will also feature in-depth presentations from Odisha’s senior officials, who will showcase the state’s policies and infrastructural development efforts that have contributed to the growth of its steel industry. An engaging film is also set to be screened, providing a visual insight into Odisha’s flourishing metal sector ecosystem and its future potential.
In addition to the roundtable session, the delegation is conducting one-on-one business-to-government meetings with top industrialists in the steel and allied sectors. These interactions are expected to foster new collaborations, promote Odisha’s industrial ecosystem, and boost investments in the state’s infrastructure. Further strengthening Odisha’s role in the sector, the state will engage in talks with prominent industry associations like the Indian Chemical Council (ICC) and the Indian Drug Manufacturers Association (IDMA). These discussions aim to expand Odisha’s network and promote its sectoral advantages across various industries, beyond steel.
The government’s participation in India Steel 2025 underlines Odisha’s growing importance in India’s industrial landscape and its commitment to advancing the steel sector. As the state continues to capitalise on its abundant raw material resources and robust infrastructure, its leadership role in the steel industry seems increasingly assured. As Odisha continues to expand its steel production capabilities, the state’s focus on sustainable development and eco-friendly practices aligns with the larger push for carbon-neutral industrialisation. This shift reflects both the state’s commitment to economic growth and its adherence to global sustainability standards.
As the discussions at India Steel 2025 unfold, the world will be watching closely to see how Odisha positions itself as a critical player in shaping the future of India’s steel sector.
Odisha CM to Represent State at India Steel 2025 in Mumbai
Max Estates Takes Over Delhi One Project
Max Estates Ltd has acquired the stalled ‘Delhi One’ project in Noida through the insolvency process, investing ₹1,400 crore to complete the development.
The project, initiated by Boulevard Projects Pvt Ltd, a Special Purpose Vehicle owned by the promoters of the 3C Group, had been delayed for several years due to financial challenges. Max Estates’ acquisition aims to bring the project to fruition, benefiting both investors and the local community.The ‘Delhi One’ project is located in Sector 16B of Noida and spans approximately 34,697 square meters. It is planned as a mixed-use development comprising luxury serviced residences, premium office spaces, and retail areas, with a total development potential of around 2.8 million square feet. The project is expected to generate a total sales potential of approximately ₹2,000 crore, along with an annuity rental income potential of around ₹120 crore.
Max Estates received approval from the National Company Law Tribunal (NCLT) in February 2023 and the National Company Law Appellate Tribunal (NCLAT) in October 2024 for the acquisition. The company has successfully completed the acquisition of 100% equity share capital of Boulevard Projects Pvt Ltd by allotting 34,000 fresh equity shares to the company and its nominees, effective April 23, 2025.The acquisition includes the settlement of outstanding liabilities, with Max Estates agreeing to pay ₹613 crore to the Noida Authority, reducing the original dues from ₹932 crore. The company has also committed to completing the development of the project, which includes four operational towers, additional commercial and serviced apartment towers under construction, and a retail block.
Nearly 50% of the civil work on the new towers has been completed.
This acquisition aligns with Max Estates’ strategy to expand its real estate business and enhance its portfolio in the Delhi-NCR region. The company has previously developed office complexes in Delhi-NCR and has now entered the residential segment as well. The completion of the ‘Delhi One’ project is expected to contribute significantly to the company’s growth and provide a high-quality mixed-use development in Noida.
Max Estates Takes Over Delhi One Project
Smart Roads Reshape India Real Estate Landscape
India’s urban landscape has witnessed a significant transformation, with the development of smart road infrastructure playing a pivotal role in shaping the real estate sector.
These technologically advanced corridors are not merely pathways for vehicles but are becoming catalysts for economic growth, sustainability, and urban development.Smart roads integrate cutting-edge technologies such as Internet of Things (IoT) sensors, real-time traffic management systems, electric vehicle (EV) charging stations, and renewable energy sources like solar panels. These features enhance transportation efficiency, reduce carbon footprints, and improve the overall quality of urban life. For instance, the Delhi-Meerut Expressway exemplifies a semi-smart corridor equipped with automated traffic systems and designated EV zones, reflecting the government’s commitment to sustainable infrastructure.
The impact of smart roads on real estate is profound. Areas adjacent to these corridors are experiencing increased demand for both commercial and residential properties.
Investors and developers are recognizing the long-term value these infrastructures bring, including improved connectivity, reduced travel times, and enhanced environmental quality. Cities like Pune, Ahmedabad, and Surat, which are integrating smart road technologies, are witnessing a surge in real estate activities, with property values appreciating due to the infrastructural advancements.
A notable example is the Samruddhi Mahamarg Expressway in Maharashtra, a 701-kilometer corridor designed with features like EV charging stations, solar energy generation, and rainwater harvesting systems.
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This expressway is not only facilitating faster travel between Mumbai and Nagpur but is also fostering the development of new townships and boosting local economies, thereby attracting real estate investments.Moreover, the government’s Smart Cities Mission, launched in 2015, has been instrumental in promoting the development of smart infrastructure across the country. With an investment of over ₹2 lakh crore, the mission aims to create sustainable and citizen-friendly urban spaces. As of January 2025, numerous projects under this initiative have been completed, contributing to the enhancement of urban infrastructure and the real estate market.
However, to fully harness the potential of smart roads in real estate development, certain challenges need to be addressed. These include the need for faster policy implementation, increased public-private partnerships, and a holistic approach to urban planning that integrates transportation, housing, and environmental considerations.In conclusion, smart road infrastructure is more than just an upgrade to existing highways; it is a strategic investment in the future of India’s urban development. By fostering connectivity, sustainability, and economic growth, these corridors are redefining the real estate landscape and paving the way for smarter, more resilient cities.
Smart Roads Reshape India Real Estate Landscape
LEADERSHIP AND INNOVATION IN SUSTAINABLE INFRASTRUCTURE
DR. AMIT CHAUDHARI, Associate Director and Head of MEP & Infrastructure at KPM Engineering Consultants, is a celebrated leader recognized for his expertise and approachability. With advanced degrees in management and engineering, along with global certifications like CFPS, PMP, WELL AP, and LEED AP, Dr. Chaudhari exemplifies excellence in sustainable design.
With over 15 years of experience, what inspired you to focus on sustainable infrastructure solutions, and how has this passion evolved throughout your career?
My journey in sustainable infrastructure began with a profound awareness of the environmental damage caused by conventional construction practices. This realization sparked a commitment to create designs that minimize resource consumption and reduce carbon emissions. Over time, I have witnessed how incorporating sustainable practices early in the design process yields significant long term benefits for both the environment
and communities. Advances in green technology and growing awareness of climate change have further fuelled this passion, solidifying my dedication to building infrastructure that responsibly serves the planet.
You have led MEP designs for projects ranging from India’s tallest building to its largest township. What key challenges did you face, and how did you ensure the integration of climate resilience and energy efficiency into these projects?
Leading MEP designs for complex projects posed the challenge of ensuring smooth integration without compromising energy efficiency and climate resilience. In a country with diverse climates, we implemented innovative strategies such as passive cooling, efficient water systems, and renewable energy solutions. Collaboration with architects and
environmental consultants was critical to at the keeping sustainability core of every decision. Using advanced modelling tools, we were able to forecast and optimize the long-term impact of these designs. These experiences reinforced my belief in the importance of holistic, sustainable solutions for large-scale projects.
Given the growing importance of climate resilience in urban communities, how do you incorporate these values into infrastructure design to ensure long-term sustainability?
Climate resilience is a cornerstone of modern urban infrastructure design. To ensure long-term sustainability, I prioritize the use of durable and adaptable materials that can withstand extreme weather conditions. Our designs incorporate efficient water management systems, renewable energy technologies, and energy saving systems. Green spaces and sustainable transportation options further enhance the liveability of urban
environments. By integrating these elements, we create infrastructure that not only meets today’s needs but is also prepared to endure future climate challenges.
How does energy efficiency play a role in the infrastructure solutions you design, and how do you see this evolving as cities continue to grow and develop?
Energy efficiency is central to every infrastructure solution I design because it reduces operational costs and minimizes environmental impact. As cities grow, systems like smart grids, renewable energy sources, and advanced HVAC technologies will become indispensable. The future of urban communities will rely on sophisticated energy management systems powered by IoT and AI to monitor and optimize energy usage. My designs are tailored to accommodate these advancements, ensuring flexibility for future innovations and contributing to the development of more sustainable, self-sufficient cities.
“Collaboration and transparency are key to keeping sustainability at the heart of complex projects”
As someone with multiple certifications such as CFPS, PMP, and LEED AP, how have these credentials shaped your approach to project management and sustainable design in the built environment?
Certifications such as WELL AP, CFPS, PMP, and LEED AP have profoundly shaped my approach to project management and sustainable design. Each credential has enhanced my understanding of safety standards, environmental regulations, and efficient management practices. For example, the PMP certification has equipped me with a structured approach to overseeing complex projects while adhering to budgets and timelines. Meanwhile, LEED AP has been instrumental in embedding sustainability into every phase of construction and design. These certifications enable me to lead teams effectively and deliver high-quality, sustainable outcomes.
You’re passionate about mainstream education engineering and management. How do you see the role of education in fostering the next generation of engineers, especially when it comes to sustainability and innovation?
Education plays a pivotal role in shaping the future of engineering by fostering innovation and sustainability. Promoting continuous learning and curiosity is vital to nurturing forward
thinking engineers. Integrating sustainability into engineering education equips future leaders to prioritize eco-friendly solutions. By emphasizing practical experience, collaborative learning, and real-world problem-solving, we prepare students to tackle global challenges. Education is the cornerstone of leadership and innovation in the next generation of engineers.
What trends do you foresee in the future of sustainable infrastructure design, and how is KPM Engineering preparing to address the challenges posed by rapid urbanization and environmental changes?
The future of sustainable infrastructure will be defined by smart cities, cutting-edge green technologies, and resilient designs that adapt to climate change. The integration of AI and IoT will play a crucial role in optimizing building performance, reducing waste, and managing resources more effectively. At KPM Engineering, we are proactively preparing by investing in advanced technologies and training our teams to implement them in projects. We also focus on modular construction and circular economy principles to minimize material waste. Addressing rapid urbanization and environmental changes requires innovative and forward-thinking solutions in design.
You’ve emphasized the importance of creating leaders. What leadership qualities do you believe are essential for the future of engineering and infrastructure design, and how do you cultivate these within your teams?
Effective leadership in engineering requires vision, adaptability, and exceptional communication skills. Future leaders must inspire their teams, drive innovation, and make decisions with sustainability at the forefront. Within my teams, I cultivate leadership by promoting mentorship, encouraging continuous learning, and fostering collaboration. Ethical decision-making and holistic problem-solving are key qualities I emphasize to navigate complex challenges. By nurturing these traits, I aim to develop leaders who can responsibly shape the future of infrastructure design.
KPM is a global multidisciplinary engineering practice providing solutions to built environment with presence in UAE, KSA, USA, UK and India
India Registers 15800 Green Building Projects Across 13.56 Billion Sq Ft
India marked a major stride in its sustainable development journey with over 15,800 green building projects now registered under the Indian Green Building Council (IGBC).
Collectively, these projects account for a staggering 13.56 billion square feet of built-up space, reinforcing India’s position as a key global player in eco-conscious urban transformation. The latest milestone underscores a growing shift in the construction and real estate sectors, where builders, architects, and policy influencers are aligning with climate goals and reimagining the urban fabric through environmentally responsible design. In 2025 alone, the IGBC has recorded registrations for 142 new green projects spanning over 875 million square feet across 14 industry sectors—ranging from residential and commercial to institutional and industrial spaces.
These achievements reflect a maturing market where sustainability is no longer seen as a premium add-on but an essential design and performance standard. Officials involved in the initiative emphasised that the building sector, historically a heavy consumer of natural resources, must now transform into a vehicle for climate action. The green building movement in India, catalysed by the IGBC’s rating systems and supported by the Confederation of Indian Industry (CII), is rooted in core principles of energy efficiency, water conservation, sustainable materials, and enhanced indoor environmental quality. These metrics are not only driving environmental performance but also reshaping what end-users expect from the spaces they occupy.
Experts reiterated that buildings of the future must evolve from being passive structures to active agents of sustainability—generating clean energy, harvesting rainwater, and contributing positively to their local ecosystems. India’s rapid urbanisation presents a dual opportunity and responsibility: to decouple growth from environmental degradation and to build infrastructure that serves both people and the planet. The council’s green certification framework has played a vital role in mainstreaming best practices in design and construction. It offers guidelines that help stakeholders navigate the shift towards net-zero buildings—structures that produce as much energy as they consume. With global pressures to reduce carbon emissions intensifying, these frameworks have become pivotal tools for city planners and developers seeking to future-proof their projects.
Beyond the built structures themselves, the green building push is triggering ripple effects across supply chains. Material manufacturers, technology providers, and service industries are responding with greener alternatives and innovative solutions—from low-emission concrete to smart HVAC systems and solar-integrated facades. Several developers who have adopted IGBC guidelines report not just operational savings, but improved brand equity and higher user satisfaction. Market studies suggest that green-certified buildings often command rental premiums and demonstrate better occupancy rates, indicating a positive return on investment alongside ecological benefits.
India’s growing portfolio of sustainable buildings also supports broader national and international objectives. At the policy level, the movement complements the country’s commitments under the Paris Agreement and aligns with Sustainable Development Goal 11, which advocates for inclusive, safe, resilient, and sustainable cities. It also supports the net-zero by 2070 goal set out in India’s climate roadmap. Urban policy think tanks believe the momentum must now translate into more inclusive green development. While much of the existing portfolio includes commercial and high-end residential projects, there is a growing call to extend sustainability criteria into affordable housing and public infrastructure. By integrating green norms into city-wide planning, India can ensure that environmental benefits are equitably distributed across socio-economic strata.
Officials at the council have emphasised the importance of partnerships with local governments, civic bodies, and educational institutions to create awareness and build capacity. Training programmes for engineers, architects, and municipal staff are already underway in several states, aimed at embedding sustainability into everyday planning and building approvals. The recent Earth Day observance served not only as a celebration of progress but also as a call to action. Experts urged stakeholders to adopt a holistic approach—one that sees green buildings not just as energy-efficient structures, but as critical components of a resilient urban ecosystem. They stressed that India’s urban future depends on embedding sustainability at the core of infrastructure planning, investment, and governance.
As the country stands at the cusp of a green infrastructure revolution, the journey ahead will require continuous innovation, policy support, and public engagement. But the signs are encouraging: with every new square foot of certified green space, India inches closer to cities that are not only smart and inclusive but also deeply regenerative.
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India Registers 15800 Green Building Projects Across 13.56 Billion Sq Ft
Mumbai Homebuyers Turn to Western Suburbs
Mumbai’s western suburbs—particularly Goregaon and Malad—are fast emerging as the city’s most dynamic residential and commercial zones. Data from a leading financial advisory reveals that over 33% of Greater Mumbai’s property registrations in 2024 were from the western belt, with Goregaon, Malad, Kandivali, and Borivali accounting for 58% of that volume.
Notably, these areas also comprised 72% of all residential launches within the same period, positioning the western arc as the epicentre of Mumbai’s future growth story. This surge aligns with recent budgetary announcements that designate Goregaon among seven key business hubs in the Mumbai Metropolitan Region (MMR) set for transformation into global-standard economic centres. According to officials, this policy-level intervention is not merely a boost to commercial prospects but also a deliberate strategy to decentralise development and encourage sustainable urbanisation.
Urban planning experts suggest that this realignment is rooted in a broader behavioural shift among homebuyers. Today’s urban residents are no longer solely focused on location or square footage—they are increasingly drawn to integrated living environments that combine proximity to work with cleaner air, green spaces, and social infrastructure. This has elevated the appeal of the Malad-Goregaon corridor, where upcoming infrastructure projects such as metro extensions, road upgrades, and high-grade commercial hubs are reconfiguring the urban fabric. Real estate developers active in the region emphasise that modern homebuyers are prioritising lifestyle over luxury. Developments now routinely include rooftop gardens, tree-lined jogging paths, and open sky decks—not as premium features but as standard elements expected in any project catering to mindful, health-conscious citizens. This design thinking also ties into the need for more sustainable and net-zero living spaces.
“Nature-centric planning and community-based layouts are shaping the new normal,” according to industry experts. High-rises that once symbolised exclusivity are now being redesigned to maximise airflow, natural lighting, and green integration. With land scarcity in Mumbai a constant constraint, vertical development with an ecological conscience is emerging as a viable blueprint for high-density yet humane living. These western neighbourhoods also present a broad spectrum of housing choices. The same report from 1Finance notes that first-time homebuyers can still access compact 1-BHK units priced between ₹1 crore and ₹1.5 crore—figures considered accessible by Mumbai standards, especially when paired with enhanced connectivity and urban amenities. At the other end of the spectrum, luxury buyers are offered premium towers equipped with wellness clubs, co-working lounges, and panoramic views.
Significantly, the expansion of Grade-A office spaces across Goregaon and Malad is eroding the traditional north-south commute model. The ability to live within minutes of work not only saves time but also resonates with the growing emphasis on work-life integration. Experts note that this trend is also driving demand for mixed-use developments where residential, commercial, and leisure zones coexist seamlessly. This urban evolution is further accelerated by the city’s commitment to public infrastructure upgrades. The extension of metro lines, expansion of arterial roads, and proposed linkage between commercial clusters and housing pockets are turning the western suburbs into self-contained urban ecosystems. Officials believe this decentralised growth will not only reduce pressure on South Mumbai but also contribute to better air quality, reduced congestion, and more equitable access to city resources.
Demographic patterns also reinforce the shift. The western suburbs are drawing a younger, upwardly mobile population that values community interaction, environmental consciousness, and digital convenience. Real estate professionals point to increased interest from working professionals, nuclear families, and entrepreneurs who prefer the emerging social and cultural identity of these areas over the legacy prestige of older neighbourhoods. While this westward shift does not signal a decline in other parts of Mumbai, it underscores the city’s evolving urban geography. The narrative is now one of distributed development—where multiple centres thrive simultaneously, reducing dependence on historic cores and promoting resilience through spatial diversity.
For city planners and policymakers, this momentum presents a unique opportunity. If supported with sustainable infrastructure, inclusive zoning, and eco-sensitive design, the western suburbs could serve as a prototype for how Indian megacities adapt to climate urgency and demographic flux. At a time when urban centres across the country are grappling with overpopulation, pollution, and infrastructure fatigue, the transformation underway in Mumbai’s western arc is more than just a real estate story—it is a signal of how Indian cities might balance growth with green living.
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Mumbai Homebuyers Turn to Western Suburbs
HoABL announces Rs 2500 crore Mumbai real estate investment
The House of Abhinandan Lodha (HoABL) has announced an ambitious ₹2,500 crore investment into three landmark developments across Mumbai.
With a combined development potential of over 3.1 million sq. ft., the projects mark the company’s pivot from horizontal land development to high-rise construction—a strategic shift underscored by a revenue expectation of ₹3,500 crore. The trio of developments includes a commercial centre on Marine Lines, a premium residential project overlooking Chowpatty Beach, and a large-scale township in Naigaon under a Joint Development Agreement. While approvals are already in place for the Marine Lines and Chowpatty sites, work is expected to commence across all three projects by December 2025, with phased deliveries targeted over the next five years.
This bold foray into the vertical segment comes after HoABL carved out a niche in the horizontal development space, delivering over 15 million sq. ft. of plotted land across India in under five years. With a further 39 million sq. ft. under active development and a fully digital sales model, HoABL is now leveraging its momentum to tap into Mumbai’s dense and dynamic skyline. According to the company’s top executive, the entry into Mumbai was carefully timed. With approvals secured and market gaps evident—especially in affordable and super-luxury segments—the developer sees an opportunity to redefine urban housing through technology-driven, consumer-first models that prioritise sustainable construction and equitable city living.
The Marine Lines project, acquired in late 2024, will be redeveloped as a ground-plus-seven-storey commercial hub with views of the harbour and Marine Drive. With a footprint of over 1,300 sq. m., this structure is expected to deliver around 60,000 sq. ft. of commercial space. Meanwhile, the Chowpatty site will offer approximately 50,000 sq. ft. of premium residential space along one of Mumbai’s most iconic seaside stretches. But it is the Naigaon development that stands out in scale and scope. Designed as an integrated township with over 3 million sq. ft. of built-up area, it will feature high-rise housing interspersed with high-street retail—positioning it as a future-ready, transit-linked community in the western suburbs.
While the initial funding mix includes internal accruals and working capital debt, the company is confident that borrowings will remain within a manageable ₹250-300 crore. “We are structurally focused on innovation-led, sustainable growth rather than financial overreach,” an official said, noting that the Mumbai portfolio’s Gross Development Value (GDV) is pegged at ₹3,700 crore. The company’s long-term vision is not limited to the Maximum City. Plans are already in motion to replicate the vertical development model in emerging urban centres like Amritsar, Nagpur, and Vrindavan—cities aligned with HoABL’s ethos of building green, tech-integrated, and inclusive townships.
As cities like Mumbai seek scalable housing solutions that balance density with liveability, HoABL’s vertical debut brings not just capital, but a commitment to sustainability, design innovation, and citizen-centric development. In a sector often critiqued for inefficiency and opaqueness, the move also adds fresh momentum to an evolving real estate narrative focused on urban regeneration, digital transparency, and climate-conscious construction. Whether HoABL can turn its vertical ambitions into livable, low-carbon landmarks remains to be seen. But its entrance into Mumbai’s competitive skyline has certainly raised the stakes for what tomorrow’s urban India might look like.
Also Read : https://homesbuildings.com/mumbai-leads-india-in-real-estate-investments-followed-by-delhi-and-bengaluru/