Akshay Kumar Sells Prime Office Space in Lower Parel at Massive Profit Margin
Bollywood actor Akshay Kumar has sold a premium office space in Mumbai’s Lower Parel for ₹8 crore, securing a substantial 65 percent return on investment over five years.
The transaction marks yet another high-value property exit by the actor, who has reportedly liquidated real estate assets worth over ₹100 crore in recent months. According to property registration records, Kumar originally purchased the 1,146-square-foot commercial unit in 2020 for ₹4.85 crore. The deal, registered on April 16, 2025, also included two car parking spaces—an amenity that enhances both operational ease and long-term property value in one of Mumbai’s most sought-after business districts.
The asset is housed within One Lodha Place, a landmark Grade-A commercial project by Macrotech Developers Limited. Known for its integration of luxury and sustainability, the development spans 1.08 acres and caters to firms seeking central, eco-conscious workplaces. With office units ranging from boutique setups to large corporate spaces, it has become a hub for institutional and private investors alike. For this transaction, the buyer paid ₹48 lakh in stamp duty and a registration fee of ₹30,000, highlighting the significant fiscal footprint of high-end commercial deals in India’s financial capital.
Lower Parel continues to be a magnet for premium real estate investments due to its strategic location between Bandra-Kurla Complex and Nariman Point—Mumbai’s key business corridors. The area has emerged as a dense urban enclave of luxury housing, upscale retail, and modern offices, many of which incorporate green building features and smart infrastructure. In the last 12 months alone, eight transactions have been recorded at One Lodha Place, collectively valued at ₹618 crore. With prices averaging ₹48,000 per square foot, the property has proven to be a high-yield asset for early investors like Kumar, who strategically entered the market during a period of relatively lower prices.
Kumar’s decision to monetise this asset reflects a broader trend among high-net-worth individuals and celebrities who are reallocating capital amid changing investment strategies. While the financial gain is evident, the underlying story is also one of evolving real estate priorities—where returns, sustainability, and location are becoming inseparable in India’s top-tier property markets. The commercial boom in Lower Parel, however, also underscores the need for systemic urban improvements. With rising property prices and development intensity, issues such as pedestrian infrastructure, last-mile connectivity, and environmental resilience must be addressed to maintain a livable, equitable cityscape.
As more investors like Akshay Kumar capitalise on Mumbai’s real estate upswing, the onus is now on developers and civic bodies to align economic activity with sustainable urban planning. Responsible growth—anchored in accessibility, climate resilience, and social inclusion—must define the city’s next phase. Kumar’s ₹8 crore deal may be a high-profile example of Mumbai’s flourishing property scene, but it also raises important questions about how cities can balance commercial momentum with long-term sustainability.
Akshay Kumar Sells Prime Office Space in Lower Parel at Massive Profit Margin
Residential Sector Embraces Fiber Cement for Eco-Friendly and Durable Building Solutions
A global transition towards sustainable and hazard-free construction practices is accelerating the growth of the fibre cement market, with projections placing its volume at 34.2 million tonnes in 2024.
According to recent industry analyses, this segment is poised for steady expansion, expected to reach 49.7 million tonnes by 2030, growing at a compound annual growth rate of 6.4 per cent. The robust increase is being driven by widespread adoption in residential infrastructure, especially for interior and exterior applications where water resistance, fireproofing, structural stability and long-term durability are paramount. As urbanisation deepens and the demand for safer, longer-lasting materials intensifies, fibre cement has emerged as a favoured alternative to conventional products.
The material’s rising popularity coincides with a global push to phase out asbestos-based products, widely known for their harmful health impacts. In many developed and emerging economies, asbestos is no longer permitted in new constructions, fuelling the demand for alternatives such as fibre cement that deliver equal performance without posing public health risks. Notably, regulatory frameworks across Europe have imposed blanket bans on asbestos use, while countries including Canada and Mexico are promoting inclusive and green development policies that favour sustainable building components. This systemic shift in material usage reflects a larger movement towards decarbonising the built environment—one of the key contributors to climate change—by integrating low-impact, eco-responsible choices at every stage of construction.
Fibre cement, made from a blend of cellulose fibre, sand and cement, not only offers resilience but also aligns well with the lifecycle goals of green buildings. Its long life span and minimal maintenance requirement mean it supports reduced resource consumption over time, a core objective of net-zero construction strategies. As architects and developers seek out options that are cost-effective yet environmentally aligned, fibre cement has steadily gained ground, particularly in emerging markets where affordability remains a key consideration alongside sustainability.
With the construction sector contributing a substantial share of global carbon emissions, the shift to fibre cement represents more than a material choice—it signals a conscious commitment to climate-friendly urbanisation. As governments incentivise green buildings and construction firms respond to growing consumer awareness around health and environment, the demand trajectory for fibre cement is expected to remain bullish. The material’s ability to support future-ready cities that are equitable, safe and sustainable is gaining attention not just from builders and architects, but from policy-makers invested in the long-term resilience of urban landscapes. While the road to zero carbon cities is long, such material innovations mark critical milestones on that path.
Residential Sector Embraces Fiber Cement for Eco-Friendly and Durable Building Solutions
Mohali gets Indias first AI automation hub
To propel technological innovation and sustainable infrastructure in North India, BuildTrack has unveiled its first-of-its-kind Smart Automation Experience Centre in Mohali. Housed within the MaxVal Tech Centre, which is regarded as one of India’s most advanced green buildings, the facility marks a significant milestone for both the company and the region’s innovation landscape.
BuildTrack, a leader in smart automation solutions, is aiming to create a knowledge-driven ecosystem that supports high-quality employment, nurtures innovation, and fosters eco-conscious built environments by combining Internet of Things (IoT), Artificial Intelligence (AI), and Digital Twin technology under one roof. The inauguration of the centre was marked by the presence of senior bureaucrat IAS, whose efforts as former CEO of Invest Punjab were crucial in bringing transformative investments and skill development opportunities to the state. The centre is not just a demonstration site for technology—it represents a larger vision to build inclusive, future-ready cities by empowering architects, engineers, and young innovators with real-time access to automation systems. By integrating research with experiential learning, BuildTrack is offering a unique platform that will train local talent in next-generation digital systems while supporting the broader urban sustainability goals of the region.
Serving as the operational headquarters for BuildTrack’s North India strategy, the Mohali facility is expected to generate long-term employment prospects, particularly for tech-savvy youth, and reinforce Punjab’s ambition to become a hub of intelligent infrastructure. The experience centre is poised to be a game-changer, offering a full-scale immersive walkthrough of BuildTrack’s automation portfolio—from luxury home controls to enterprise-grade building management solutions. Central to this is their advanced Digital Twin platform, designed to simulate real-world environments, enabling more responsive, safer, and sustainable living and working spaces.
What sets this initiative apart is its multi-stakeholder engagement model that not only caters to commercial needs but also focuses on educational and civic impact. It stands as a testament to how industry-led interventions can support the goals of carbon neutrality, green construction, and digital equity in urban centres. In an age where cities are grappling with ecological imbalances and inadequate infrastructure, BuildTrack’s Mohali hub symbolises a shift towards smart, resilient, and inclusive urbanisation.
By planting its roots in Mohali, BuildTrack is contributing meaningfully to regional development while setting a national precedent. The move signals a broader industry trend where innovation is decentralised, opportunities are democratised, and sustainability becomes central to design. As India moves steadily toward smarter cities and greener futures, such efforts are vital in ensuring that the built environment is not just technologically advanced but also humane and future-proof.
Mohali gets Indias first AI automation hub
Bhilai Steel to gain momentum under new Director
In a crucial leadership development that could shape the future trajectory of one of India’s largest steel manufacturing hubs, Chitta Ranjan Mohapatra has been selected to serve as the Director In-charge of Bhilai Steel Plant under the Steel Authority of India Limited (SAIL).
The decision was taken during a meeting of the Public Enterprises Selection Board (PESB) held on April 19, 2025. Mohapatra, a seasoned technocrat currently serving as Executive Director (Works) at Bokaro Steel Plant, has earned this elevation after years of steering operational efficiencies and leading large-scale manufacturing initiatives across SAIL’s eastern units.
The appointment, while subject to standard vigilance clearance and the approval of the Appointments Committee of the Cabinet, reflects a shift in emphasis towards seasoned, operations-driven leadership at the helm of public sector steel giants. Mohapatra’s journey through the steel corridors of Bokaro and beyond is emblematic of India’s evolving industrial fabric—where experience, engineering finesse, and an eye for sustainability are fast becoming the core traits sought after in top roles.
Bhilai Steel Plant, a flagship unit of SAIL located in Chhattisgarh, has long been synonymous with India’s heavy industrial revolution. As one of the country’s foremost producers of rails, structural steel, and plates, it has played a pivotal role in supporting India’s infrastructure boom—from high-speed rail projects to defence manufacturing. However, the changing landscape of global steel production, marked by a rapid pivot towards green steel, decarbonisation, and digitisation, necessitates leadership that is both forward-looking and grounded in operational rigour.
Mohapatra’s appointment comes at a time when public sector units are under increasing pressure to align with national goals around sustainability, gender equity, and net-zero emissions. The steel industry, in particular, has been identified as a key player in India’s carbon neutrality roadmap. Bhilai’s transition towards cleaner technologies, energy-efficient operations, and the integration of smart systems could find fresh momentum under Mohapatra’s stewardship. His track record at Bokaro has demonstrated a blend of innovation and execution, particularly in improving throughput, reducing waste, and fostering a safety-first culture on the shop floor.
While the announcement has sparked optimism within industry circles, particularly among those advocating for India’s manufacturing renaissance, it also raises expectations around how SAIL’s leadership can reinvigorate public sector units with a fresh vision rooted in equity, sustainability, and long-term resilience. Given the increasing emphasis on circular economy practices and the steel sector’s responsibility in driving green infrastructure, the leadership at Bhilai now bears the weight of both legacy and aspiration.
As the wheels of approval turn in bureaucratic corridors, insiders suggest that the transition is likely to be smooth, owing to Mohapatra’s existing rapport with senior leadership within SAIL and his proven ability to implement reforms without disrupting core operations. The focus, according to senior officials, will now be on creating a blueprint that enhances productivity without compromising on environmental and social parameters.
If India is to cement its place as a global steel powerhouse that leads responsibly, the leadership at its key plants must be equipped to not only meet production targets but also embrace inclusive growth and ecological balance. In this regard, Mohapatra’s elevation represents more than a routine bureaucratic shift—it signals a renewed push towards building an industrial ecosystem that is as humane as it is high-performing.
Bhilai Steel to gain momentum under new Director
From Vernacular Roots to Net Zero Futures: India’s Path to Built Environment Resilience
Sustainability in the built environment demands more than token gestures; it requires a holistic, systemic shift across six key fronts: marrying vernacular wisdom with modern technology, embedding passive design, slashing carbon in construction, retrofitting existing stock, weaving sustainability into urban fabrics, and rethinking construction workflows. Across India, pioneering projects—from TERI’s earth-air‑cooled Retreat in Gwal Pahari to the LEED‑Platinum CII‑Sohrabji Godrej Green Business Centre in Hyderabad, and the metamorphosis of Mumbai’s IF.BE Ice Factory—demonstrate how these strategies can be realized in practice. Together, they chart a roadmap for truly sustainable urban futures.
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Vernacular Architecture Meets Modern Technology
India’s climatic diversity and millennia of local building traditions offer blueprints for low‑impact design. The TERI Retreat in Gwal Pahari, Haryana, transforms a once‑barren landscape into an ecological campus grounded in passive techniques and indigenous materials. Guided by architects Ashok Lall and A.N. Chaturvedi, the project retains natural terrain and employs earth‑air tunnels—4 m‑deep conduits that temper incoming air—to maintain comfort without air conditioning. Indigenous species restore biodiversity, while “dhulaai‑daana” exterior finish harnesses monsoon rains to wash façades, eliminating paints and coatings. Solar panels, a smart mini‑grid, and rainwater harvesting close resource loops, making TERI Retreat a living laboratory for vernacular‑tech synthesis.

Figure 1: TERI Gram RETREAT (Resource-Efficient TERI Retreat for Environmental Awareness and Training)
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Passive Design: Designing for the Environment
Passive design—tuning form, orientation, and fabric to the climate—remains underutilized despite its proven efficacy. India’s CII‑Sohrabji Godrej Green Business Centre in Hyderabad, the nation’s first LEED Platinum building, exemplifies best practice. Architects Karan Grover and Associates oriented its circular plan to optimize daylight, integrated jali screens for solar shading, and harnessed natural ventilation via wind towers. The high‑performance envelope, featuring spectrally selective glazing and phase‑change materials, slashes cooling loads. Rainwater harvesting and greywater reuse cut potable demand by over 35%. These passive strategies not only yield a 50% reduction in energy demand compared to conventional offices but also set a benchmark for India’s climate‑responsive architecture.

Figure 2: CII – Sohrabji Godrej Green Business Centre
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Reducing Carbon Emissions in Construction
Emissions from material production represent a critical share of a building’s carbon footprint. The Ahmedabad University Design Research Centre, designed by Stephane Paumier Architects, addresses this by specifying low‑carbon materials and optimizing structural spans to minimize concrete volume. Its long, cantilevered canopies crafted from high‑strength T‑beams reduce embodied carbon, while locally quarried limestone clads façades, cutting transport emissions. The building’s modular envelope accommodates future adaptation, prolonging its service life. By integrating recycled steel, fly ash bricks, and eco‑cement, the project exemplifies how carbon‑conscious detailing can be embedded from the masterplan through to the mortar.

Figure 3: Ahmedabad University Centre
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Retrofitting: Addressing Existing Buildings
No sustainability agenda is complete without upgrading the vast legacy of sub‑optimal stock. In Mumbai’s historic Ballard Estate, IF.BE Ice Factory by Malik Architecture revives a disused cold storage facility into a vibrant cultural hub. Rather than demolition, the design rehabilitates the original brick shell, inserting lightweight steel and glass volumes to house galleries and studios. This adaptive reuse preserves embodied energy, reduces landfill waste, and revitalizes public space. By exposing existing beams and layering new services within secondary structures, the project demonstrates that retrofitting can be both resource‑efficient and architecturally expressive.

Figure 4: IF.BE Ice Factory Ballard Estate
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Sustainability in Urban Design
Building‑level interventions must be complemented by city‑scale strategies. Sabarmati Riverfront in Ahmedabad reclaimed riverbank for mixed‑use public realm, flood management, and groundwater recharge. The two‑tier promenade, cycle lanes, and Atal Pedestrian Bridge knit together housing, parks, and cultural nodes within a 22 km stretch, reducing car dependency and enhancing walkability. Integrated sewage interception and stormwater systems improve water quality, while event lawns and urban forests foster social cohesion. This masterplan showcases how strategic riverbank redevelopment can catalyse sustainable transport, recreation, and ecological restoration in Indian cities.

Figure 5: Sabarmati Riverfront Ahmedabad
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Redesigning Construction Practices for Sustainability
The construction phase itself offers immense opportunities to embed circularity. Infosys’ Mysore Campus, with its mix of new LEED Platinum‑rated buildings and deep retrofits, illustrates a two‑pronged approach. New blocks employ insulated envelopes, VRV HVAC, and rooftop photovoltaics for net‑zero aspirations, while existing food courts and training centers undergo chiller plant upgrades, BMS and lighting retrofits to slash operational loads by 40%. Construction waste is rigorously segregated and recycled, and regional sourcing of over 40% of materials minimizes haulage emissions. This commitment to continual improvement—integrating both cradle‑to‑grave and cradle‑to‑cradle thinking—demonstrates how industry leaders can reengineer workflows to close material loops and drive systemic change.

Figure 6:Infosys Mysore Campus
India’s built environment stands at an inflection point. The projects highlighted here encapsulate the shift from superficial “green” branding to substantive, scalable interventions rooted in local context, passive logic, carbon stewardship, and integration across scales. By weaving these six strategies—vernacular integration, passive design, low‑carbon materials, retrofitting, urban‑scale sustainability, and circular construction—into mainstream practice, Indian cities can rise to the dual imperatives of climate mitigation and resilient, human‑centric urbanism. The blueprint is clear; the question now is one of implementation and collective will.
India Eyes Growth at Steel 2025
India’s ambitions to become a global leader in steel production will take centre stage next week as Mumbai gears up to host India Steel 2025, a flagship international exhibition and conference.
The three-day event, organised by the Ministry of Steel, aims to spark collaboration across borders while spotlighting sustainability, innovation, and domestic capacity expansion.
More than 12,000 business visitors, 250 exhibitors, and 1,200 delegates are expected to participate in the summit, representing the who’s who of the global and Indian steel sectors. The event will be virtually inaugurated by the Prime Minister, whose address is likely to underscore the sector’s strategic role in the country’s infrastructure and green transition journey.Top Union ministers, including those overseeing steel and heavy industries, alongside chief ministers from Maharashtra and Chhattisgarh, are slated to attend, reflecting high-level political backing for the event.
The participation of foreign diplomats and trade officials — such as representatives from Russia, Australia, Mozambique, and Mongolia — underscores India’s deepening ties with global steel-producing and resource-rich nations.The sixth edition of this event comes at a crucial juncture. India is pursuing an ambitious target of 300 million tonnes in steel production capacity by 2030, in line with its National Steel Policy. This expansion is paired with a goal to raise per capita consumption to 160 kg, bolstered by urbanisation, affordable housing, green energy infrastructure, and large-scale public transport projects.
With the world looking for cleaner, more efficient industrial processes, India Steel 2025 places a strong emphasis on decarbonisation, circular economy principles, and digital technologies. From discussions on green hydrogen in steelmaking to the role of AI in operational efficiencies, the conference aims to steer the industry into a future that is both scalable and sustainable.
The event also marks a major opportunity for domestic players to attract investment, form international partnerships, and explore the export potential of value-added steel products. For state governments, especially those rich in mineral reserves like Maharashtra and Chhattisgarh, India Steel 2025 presents a platform to showcase policy reforms and invite investment in logistics, mining, and allied infrastructure.
As steel remains a backbone of India’s urban and industrial growth, this global gathering in Mumbai is expected to energise the sector’s long-term trajectory — aligning economic progress with ecological responsibility.
India Eyes Growth at Steel 2025
Chitta Mohapatra to Lead Bhilai Steel Plant
Chitta Ranjan Mohapatra has been selected as the Director In-Charge of Bhilai Steel Plant, one of the flagship units of the Steel Authority of India Limited (SAIL).
The decision was taken during a meeting of the Public Enterprises Selection Board (PESB) on April 19, 2025.Mohapatra, who currently serves as Executive Director (Works) at the Bokaro Steel Plant — also operated by SAIL — is widely recognised for his operational acumen and strategic management capabilities within the steel sector. His appointment will be formalised following the necessary vigilance clearances and the nod from the Appointments Committee of the Cabinet.
The Bhilai Steel Plant, located in Chhattisgarh, is a critical asset in India’s industrial landscape, known for being one of the largest and most technologically advanced steel production hubs in the country. It plays a vital role in supplying steel for various sectors, including infrastructure, defence, and railways.Mohapatra’s elevation comes at a time when the Indian steel sector is undergoing rapid modernisation and aiming to meet rising domestic and international demand while balancing sustainability targets. His deep-rooted experience in plant operations, efficiency enhancement, and technology integration is expected to strengthen Bhilai’s operational performance and reinforce its strategic importance within SAIL’s portfolio.
The PESB’s choice underlines the growing importance of placing technocrats with on-ground expertise into leadership roles within public sector enterprises, ensuring that strategic decisions align with operational realities.
This development reflects a broader trend in India’s public sector where emphasis is increasingly placed on professional leadership to drive efficiency, scale, and sustainability. As Mohapatra steps into this critical role, stakeholders will be watching closely to see how his leadership shapes the plant’s output and alignment with India’s industrial growth goals.
Chitta Mohapatra to Lead Bhilai Steel Plant
Shree Cement Expands Operations with New Grinding Unit
Shree Cement Ltd, one of India’s largest and most cost-efficient cement manufacturers, has taken a significant step in expanding its production capacity.
On April 20, 2025, the company commissioned a new clinker grinding unit at Baloda Bazar, Raipur, Chhattisgarh, as part of its brownfield expansion plan. The newly established unit has a capacity of 3.40 million tonnes per annum (MTPA), enhancing Shree Cement’s operational footprint in the region. This comes on the heels of the company’s successful commercial production launch at its previous clinker grinding facility in Etah, Uttar Pradesh, with a capacity of 3.0 MTPA.With this latest expansion, Shree Cement further cements its position as the third-largest cement manufacturer in India, boasting an impressive installed capacity of 46.4 MTPA. The company has gained recognition for its consistent focus on cost efficiency and innovation in production, making it a key player in the Indian cement industry.
Shree Cement’s diverse product range caters to various construction needs, with flagship brands such as Bangur Rockstrong and Bangur Powermax. These brands offer different types of cement, including Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement, all of which serve the growing demand in India’s robust infrastructure and real estate sectors.In addition to its expansion efforts, Shree Cement has also shown a strong commitment to sustainability. The company’s Green Pro Ecolabel-certified Shree Heat Shield AAC blocks highlight its focus on eco-friendly building materials, further reinforcing its environmentally conscious production processes.
As of March 2025, Shree Cement’s shareholder structure includes 62.56% ownership by promoters, 9.70% by Foreign Institutional Investors (FIIs), 15.07% by Domestic Institutional Investors (DIIs), and 12.42% by public shareholders. The company’s financials are robust, with a market capitalization exceeding INR 1 lakh crore. The stock has seen an impressive 31.5% increase from its 52-week low of INR 23,500.15 per share.
The company’s financial metrics are equally promising. Shree Cement has maintained a price-to-earnings (P/E) ratio of 91x, with a return on equity (ROE) of 12% and a return on capital employed (ROCE) of 15%. The cement manufacturer also boasts a healthy dividend payout ratio of 19.4%, reflecting strong profitability and prudent financial management. Furthermore, its debt remains manageable at INR 1,682 crore, which adds to the company’s appeal to investors.
Shree Cement’s ability to expand its production capacity while maintaining financial stability underscores its strategic vision for growth. With the new clinker grinding unit now operational, the company is poised to meet the growing demand for high-quality cement in India’s rapidly developing infrastructure and real estate sectors.Investors and stakeholders in the cement and construction industries should continue to monitor Shree Cement’s performance closely. The company’s expanding footprint, combined with its financial resilience and sustainability efforts, positions it well for continued growth and success in the years ahead.
Shree Cement Expands Operations with New Grinding Unit









