Author: AU News Bureau
The House of Abhinandan Lodha (HoABL) and Mittal Builders have signed a joint development agreement (JDA) to co-develop a three million sq ft integrated township project in Naigaon, near Mumbai. The project will feature 4,600 apartments and high street retail space, with an investment of โน2,000 crore. Scheduled to launch in the current quarter (Q2 FY26), the project is expected to achieve a Gross Development Value (GDV) of โน3,000 crore over the next three to five years. The development will be delivered in phases over five years, marking a significant milestone in the ongoing partnership between Mittal Builders and HoABL.…
Pedrali is celebrating 20 years of its wooden furniture manufactory in Manzano, Italy, a facility renowned for producing iconic designs like Frida, Malmรถ, and Nemea. Located in the Friuli-Venezia Giulia Chair District, the manufactory exemplifies Pedrali’s commitment to quality craftsmanship, Italian know-how, and sustainable design. The facility’s success is rooted in its fully managed, in-house production process, which ensures precise control over every stage. According to Monica Pedrali, CEO of Pedrali, “Italy boasts some of the world’s best technologies for manufacturing wooden chairs, and a heritage of expert skills in raw material selection and complex processes that is hard to…
Delhi NCR’s real estate market has registered sharp growth in both commercial leasing and high-end residential sales during the first half of 2025. The commercial office market reached an all-time high leasing volume of 7.2 million sq ft, marking a 27% year-on-year increase. Gurugram emerged as the primary contributor, accounting for 65% of the total leasing activity. The average deal size stood at approximately 54,000 sq ft, and average office rental rates rose 8% year-on-year to Rs 93.5 per sq ft per month. Global Capability Centres (GCCs) accounted for 31% of total leasing, reflecting continued interest from multinational corporations. The…
Sieger Parking has launched its Mumbai office to strengthen its national reach and offer tech-driven parking solutions across Maharashtra and neighboring western states. The Coimbatore-based company aims to provide faster and localized parking solutions with its new regional hub. The Mumbai office will support sales, project execution, and customer service with local teams. According to Antony Parokaran, Director โ Sieger Parking, โOur Mumbai office empowers us to deliver localised, tech-driven parking solutions tailored to Western Indiaโs urban landscape. From high-rise buildings to smart city projects, we bring Bigger Innovation to Limited Space.โ Sieger Parking offers a range of modular automated…
BKK Architects and Cottee Parker have unveiled proposals for a supertall skyscraper on the Gold Coast, which would become Australia’s tallest building if constructed. The One Park Lane development comprises twin skyscrapers, including a 60-storey commercial tower and a 101-storey residential tower that would reach almost 400 meters high. The mixed-use development aims to address local housing shortages while boosting commercial infrastructure. Brett Rogers, Managing Director at Baracon, said, “This development will help address the desperate need for more housing on the Gold Coast and stimulate broader economic activity. We know the private sector has a vital role to play…
Mangalam Cement Ltd has been declared the Preferred Bidder for the Nimana-Duniya Extension Block in Kota district, Rajasthan, after participating in a forward e-auction. The strategic acquisition is expected to strengthen the company’s raw material security and support its long-term production capacity. This move aligns with the company’s growth ambitions in the infrastructure and housing sectors as part of the BK Birla Group. The auction was conducted via MSTC’s portal and issued by the Directorate of Mines & Geology, Government of Rajasthan. The development marks a key milestone under SEBI’s disclosure norms, reinforcing transparency and investor confidence. Mangalam Cement’s shares…
The Greater Chennai Corporation (GCC) plans to rope in private consultants to design 60 km of new footpaths across all 15 zones in Chennai. The project is part of a larger effort to implement non-motorised transport infrastructure on key bus routes and interior roads, with a total estimated cost of โน58 crore for construction works. This initiative aims to address frequent complaints over narrow, damaged, or missing walkways across the city’s major roads. The consultancy project covers three packages: 20 km each under Phase 5, Phase 7, and Phase 8, with approximate costs of โน22 crore, โน19.80 crore, and โน16.20…
Several academic institutions in Maharashtra have introduced bamboo as a subject in architecture and interior design courses, promoting sustainability and eco-friendly design practices. This initiative is led by the Konkan Bamboo and Cane Development Centre (KONBAC), which aims to promote entrepreneurship, research, and trade of high-quality bamboo products in a sustainable manner. Key institutions that have incorporated bamboo into their curricula include Fergusson College, Pune, Rashtrasant Tukadoji Maharaj Nagpur University, and Visvesvaraya National Institute of Technology (VNIT), Nagpur. The inclusion of bamboo in these courses enhances students’ understanding of sustainable materials and opens up new opportunities for bamboo farmers. For…
