House of Abhinandan Lodha (HoABL) announces 3 mega projects in Mumbai, eyes Rs 3,500 crore revenue
MUMBAI: The
House of Abhinandan Lodha
(HoABL) on Wednesday announced its entry into the vertical real estate sector with three marquee projects located across Mumbai—American Culture center in Marine Lines, a project overlooking Chowpatty beach, and a Joint Development Agreement (JDA) with
Mittal Builders
in Naigaon.
With a collective development potential of 3.1 million sq. ft., the company said it expects to generate revenue of
Rs 3
,500 crore, with a total investment of Rs 2,500 crore.
All three projects are expected to be launched from Q2 FY 2025–26 and would be completed over the next five years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Standard
16 minutes ago
- Business Standard
MCX gets SEBI nod to launch electricity derivatives
The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives. Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility. It is a big push for efficiency in the power market and aligns with Indias goal of becoming a developed, energy-secure nation. Praveena Rai, MD & CEO, MCX, said: "The introduction of electricity derivatives marks a pivotal development in Indias commodities ecosystem. These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms. With Indias growing focus on renewable energy and open access power markets, electricity derivatives can serve as a vital bridge between the physical and financial sectors." MCX is India's leading commodity derivatives exchange with a market share of about 98% in terms of the value of commodity futures contracts traded in financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. On a consolidated basis, MCX's net profit rose 54.16% to Rs 135.46 crore while net sales rose 60.83% to Rs 291.33 crore in Q4 March 2025 over Q4 March 2024.
Mint
20 minutes ago
- Mint
'Lonely' Prince Harry in California has only bodyguards for company
Prince Harry may be living in a $14 million Italian-style mansion in California with his wife Meghan Markle and their two children, but life behind closed doors is reportedly far from perfect for the Duke of Sussex. According to NewsNation, which cited unnamed sources close to the royal, Prince Harry is feeling 'desperately lonely,' cut off from long-time friends and family, and struggling to form close relationships in the US. 'He doesn't really have any real friends in the area except for polo star Nacho Figueras, and Nacho travels constantly for matches," a friend told the outlet. 'He spends a lot of his time chilling with his bodyguards." Though Harry remains close to a few old friends from the UK, such as Guy Pelly and Mark Dyer, the time difference and distance have made regular contact difficult. 'There's no one else for him to hang out with besides Nacho, Meghan, and the children," the source added. The report also said that since stepping down from royal duties in 2020, Harry's social circle has grown smaller. 'It's hard to forge deep friendships when you're older especially when you're wary of people leaking things to the press," one insider noted. A friend even compared Harry's current situation to that of his great-great-uncle Edward VIII, who gave up the throne for love and lived abroad. 'It's like history is repeating itself," the friend said. Meanwhile, Meghan Markle reportedly wishes Harry could move on. 'Meghan wishes her husband could feel less burdened by the past and more present in the life they've built together,' a source told *People* magazine. Prince Harry's Life in California Compared to Edward VIII's Exile Prince Harry's current situation is drawing comparisons to that of his great-great-uncle, Edward VIII, who abdicated the British throne to marry Wallis Simpson and spent the rest of his life abroad, largely distanced from the royal family. A source told NewsNation, 'It's like history is repeating itself,' referring to Harry's estrangement from King Charles and Prince William and his life away from royal duties in the United States. However, unlike Edward and Wallis, Harry and Meghan have remained in the public eye through media projects, including Netflix shows, books, and public appearances. The Duke of Sussex is said to be struggling with loneliness, having left behind most of his social circle in the UK. Though still close to long-time friends like Guy Pelly and Mark Dyer—who also have American wives—they are based in Texas and Virginia, making regular meetings rare. 'It's harder to forge deep friendships with people when you're older, especially if you're wary they may speak to the press,' a friend was quoted as saying. Harry is also reportedly upset about delays in securing British passports for his children, Archie and Lilibet. According to reports, he even sought advice from his uncle, Earl Spencer, about possibly adopting his late mother Princess Diana's surname. While he ultimately did not go with 'Spencer', the Sussexes are said to have dropped 'Mountbatten-Windsor' and now quietly use 'Sussex' as their family name. A source told People magazine, 'Meghan wishes her husband could feel less burdened by the past and more present in the life they've built together.'
Time of India
23 minutes ago
- Time of India
BEL joins Tata Electronics to develop indigenous electronics, chip solutions
New Delhi: In line with the government's vision for self-reliance, navratna defence PSU Bharat Electronics Limited (BEL) on Friday announced a collaboration with Tata Electronics towards the development of indigenous electronics and semiconductor solutions. The memorandum of understanding (MoU) is a significant step forward for BEL and Tata Electronics in jointly exploring end-to-end solutions to meet domestic requirements., BEL said in a stock exchange filing. BEL and Tata Electronics will explore end-to-end collaboration in areas such as semiconductor fabrication (Fab), Outsourced Semiconductor Assembly and Test (OSAT), and design services. The goal is to meet BEL's present and future needs for advanced components, including Microcontrollers (MCUs), Systems-on-Chip (SoCs), Monolithic Microwave Integrated Circuits (MMICs), and other processors. The MoU was signed by Manoj Jain, Chairman and Managing Director, BEL, and Randhir Thakur, CEO and Managing Director, Tata Electronics, at Bombay House, Tata Group's headquarters in Mumbai. Both companies will also endeavour to develop optimum manufacturing solutions for BEL's products through knowledge sharing, best practices and other resources. Tata Electronics is a prominent global player in the electronics manufacturing industry with fast-emerging capabilities in Electronics Manufacturing Services, Semiconductor Assembly and Test, Semiconductor Foundry, and Design Services. Meanwhile, BEL reported an 18 per cent growth in net profit to Rs 2,127 crore for the January-March quarter of financial year 2024-25 compared with the corresponding figure of Rs 1,797 crore in the same period of the previous year. The company's revenue from operations came in at Rs 9,150 crore, which was a 7 per cent increase over the Rs 8,564 crore reported in the same period of the previous financial year. BEL's board of directors have recommended a final dividend of Rs 0.90 per equity share for the financial year 2024-25. In April, the defence PSU signed a contract with the Indian Air Force valued at Rs 593.22 crore for providing maintenance services for the Akash Missile System to kick off the new financial year 2025-26.
