Mumbai's Transformation: A Leap in Real Estate and Infrastructure

Explore the ongoing boom in real estate and infrastructure in Mumbai, and how it is driving the growth of the steel sector and transforming the city.

Real EstateInfrastructureSteel SectorMumbaiSustainable LivingReal Estate MaharashtraSep 27, 2025

Mumbai's Transformation: A Leap in Real Estate and Infrastructure
Real Estate Maharashtra:The ongoing boom in real estate and infrastructure in Mumbai was bound to spill over to the steel sector. Rating agency ICRA estimated demand for domestic steel to have grown at 10 per cent in FY25, but to moderate to 7-8 per cent in FY26 on the back of a slowdown in public capital expenditure.

About two-thirds of India’s domestically produced steel is consumed by infrastructure and construction, and nearly a third for government projects, observes Shalabh Chaturvedi, Managing Director, CASE Construction Equipment, India & SAARC region. Real estate predominantly uses only domestic steel.

On September 4, 2025, at the Jio Convention Centre, Mumbai, Anand Sundaresan, Director on the Board and Advisor to the Chairman at Ammann India, received the Equipment India Lifetime Achievement Award 2025, as the hall rose and gave him a standing ovation. For an industry that has seen him steer organisations, inspire teams and raise standards, this moment was more than recognition – it was gratitude. Sundaresan’s acceptance struck a chord with warmth and humility: “I accept it with pride and dedicate it to my family, colleagues and the entire construction industry. This award is a testament to the hard work and dedication of everyone involved.”

Kalpataru has launched Kalpataru Estella, a new residential phase within its 100+ acre township Kalpataru Parkcity on Kolshet Road, Thane. The launch follows strong Q1 FY26 sales bookings of Rs 12.49 billion, up from Rs 6.82 billion last year. Estella offers 2 and 3 BHK homes with Jodi-flat options, and future phases will include 4 BHK residences. All layouts are Vastu-compliant with natural light, cross ventilation, and 100-metre tower spacing for privacy. Sustainability features include EV charging, energy-efficient systems, and 70 per cent open green spaces, anchored by Namo Grand Central, a 10,000 sq. ft. clubhouse.

The transformation of Mumbai is not just about the physical development of infrastructure and real estate but also about the cultural and social impact. The city is becoming a hub for innovation and sustainable living, with a focus on green spaces, smart technology, and community-oriented living. This holistic approach to development is setting a new standard for urban planning and living in India.

As Mumbai continues to grow and transform, the synergy between the real estate, infrastructure, and steel sectors is crucial. This collaboration is not only driving economic growth but also ensuring that the city remains a vibrant and livable place for its residents. The future of Mumbai looks bright, with ongoing projects and initiatives promising to make it one of the most advanced and sustainable cities in the world.

Frequently Asked Questions

What is driving the growth in the steel sector in Mumbai?

The growth in the steel sector is primarily driven by the ongoing boom in real estate and infrastructure projects. About two-thirds of India’s domestically produced steel is consumed by these sectors.

What significant award was presented at the Jio Convention Centre in Mumbai?

Anand Sundaresan, Director on the Board and Advisor to the Chairman at Ammann India, received the Equipment India Lifetime Achievement Award 2025 at the Jio Convention Centre in Mumbai.

What is Kalpataru Estella, and where is it located?

Kalpataru Estella is a new residential phase within Kalpataru Parkcity, a 100+ acre township located on Kolshet Road, Thane. It offers 2 and 3 BHK homes with various sustainability features.

How is Mumbai transforming beyond just physical development?

Mumbai's transformation includes a focus on cultural and social impact, with an emphasis on green spaces, smart technology, and community-oriented living. This holistic approach is setting new standards for urban planning and living.

What role does the steel sector play in Mumbai's development?

The steel sector plays a crucial role in Mumbai's development by providing the essential materials needed for construction and infrastructure projects, supporting the city's growth and transformation.

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