Newsmakers
01 Mar 2025
3 Min Read
CW Team
Driving India鈥檚 Digital Infrastructure
Atul Chordia, Founder and Chairman of Panchshil Realty, has announced an investment exceeding Rs 200 billion to develop India鈥檚 largest hyperscale data centre in Navi Mumbai, in partnership with Blackstone, Global private equity firm. Spanning 14 buildings and over three million sq ft, the 500 MW facility will be powered by up to 65 per cent green energy. Panchshil Realty has developed 31.7 million sq ft across various sectors, recently sold a 4.8-acre land parcel in Pune for Rs 1.03 billion as part of its mixed-use development strategy. Its landmark projects include Panchshil Towers, EON Free Zone 鈥� Phase 2, and Panchshil Business Park.
Revolutionising Real Estate with 3D Printing
Gaurav Pandey, Managing Director & CEO, Godrej Properties, has led the company to become India鈥檚 largest listed real estate firm in 2024, achieving over Rs 280 billion in sales bookings. In a groundbreaking move, Godrej Properties unveiled India鈥檚 first 3D-printed G+1 villa at Godrej Eden Estate, Pune, in collaboration with Tvasta Engineering. Completed in just four months, this 2,200 sq ft villa showcases the transformative potential of 3D printing in construction. The company reported a 76.9 per cent YoY surge in net profit to Rs 1.9 billion in Q3 FY25. Expanding aggressively, Godrej Properties acquired 12 land parcels worth Rs 234.5 billion and is eyeing further acquisitions amid strong housing demand.
Expanding Project Portfolio
Led by Shri KP Mahadevaswam, Chairman and Managing Director, National Buildings Construction Corporation (NBCC) has secured construction projects worth Rs 94.45 billion across four states, covering 49,748 houses. The project cost includes a 3 per cent contingency, with PMC fees set at 8 per cent, including a 1 per cent marketing fee. NBCC also received a Rs 4.32 billion order from the Central University of Odisha to develop a net-zero sustainable campus in Sunabeda. Additionally, its subsidiary HSCC (India) secured orders worth Rs 6 billion from Maharashtra鈥檚 National Health Mission and a Rs 2.13 billion construction contract from Motilal Nehru College, New Delhi. As of February 2025, NBCC鈥檚 total order book exceeds Rs 700 billion.
Transforming Maharashtra鈥檚 Infrastructure
Dr. Brijesh Dixit, MD, Maharashtra State Infrastructure Development Corporation (MSIDC), is spearheading a Rs 368 billion project to concrete 6,000 km of roads across 34 districts, with 60 per cent of the funds allocated to key regions like Jalgaon, Nashik, Pune, Sambhajinagar, and Kolhapur. Additionally, MSIDC is redeveloping Nagpur鈥檚 historic Santra Market into a modern 19-storey complex at Rs 2.88 billion. In another major initiative, it is also developing the Divisional Commissioner and District Collector Office in Nagpur, an auditorium at an agricultural college, and veterinary college in Shirdi and Akola.
Driving India鈥檚 Digital InfrastructureAtul Chordia, Founder and Chairman of Panchshil Realty, has announced an investment exceeding Rs 200 billion to develop India鈥檚 largest hyperscale data centre in Navi Mumbai, in partnership with Blackstone, Global private equity firm. Spanning 14 buildings and over three million sq ft, the 500 MW facility will be powered by up to 65 per cent green energy. Panchshil Realty has developed 31.7 million sq ft across various sectors, recently sold a 4.8-acre land parcel in Pune for Rs 1.03 billion as part of its mixed-use development strategy. Its landmark projects include Panchshil Towers, EON Free Zone 鈥� Phase 2, and Panchshil Business Park.Revolutionising Real Estate with 3D PrintingGaurav Pandey, Managing Director & CEO, Godrej Properties, has led the company to become India鈥檚 largest listed real estate firm in 2024, achieving over Rs 280 billion in sales bookings. In a groundbreaking move, Godrej Properties unveiled India鈥檚 first 3D-printed G+1 villa at Godrej Eden Estate, Pune, in collaboration with Tvasta Engineering. Completed in just four months, this 2,200 sq ft villa showcases the transformative potential of 3D printing in construction. The company reported a 76.9 per cent YoY surge in net profit to Rs 1.9 billion in Q3 FY25. Expanding aggressively, Godrej Properties acquired 12 land parcels worth Rs 234.5 billion and is eyeing further acquisitions amid strong housing demand.Expanding Project PortfolioLed by Shri KP Mahadevaswam, Chairman and Managing Director, National Buildings Construction Corporation (NBCC) has secured construction projects worth Rs 94.45 billion across four states, covering 49,748 houses. The project cost includes a 3 per cent contingency, with PMC fees set at 8 per cent, including a 1 per cent marketing fee. NBCC also received a Rs 4.32 billion order from the Central University of Odisha to develop a net-zero sustainable campus in Sunabeda. Additionally, its subsidiary HSCC (India) secured orders worth Rs 6 billion from Maharashtra鈥檚 National Health Mission and a Rs 2.13 billion construction contract from Motilal Nehru College, New Delhi. As of February 2025, NBCC鈥檚 total order book exceeds Rs 700 billion.Transforming Maharashtra鈥檚 InfrastructureDr. Brijesh Dixit, MD, Maharashtra State Infrastructure Development Corporation (MSIDC), is spearheading a Rs 368 billion project to concrete 6,000 km of roads across 34 districts, with 60 per cent of the funds allocated to key regions like Jalgaon, Nashik, Pune, Sambhajinagar, and Kolhapur. Additionally, MSIDC is redeveloping Nagpur鈥檚 historic Santra Market into a modern 19-storey complex at Rs 2.88 billion. In another major initiative, it is also developing the Divisional Commissioner and District Collector Office in Nagpur, an auditorium at an agricultural college, and veterinary college in Shirdi and Akola.
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