MAM
Kushal Sanghvi joins icubeswire as chief revenue officer to drive growth
MUMBAI : icubeswire a Adtech company with a strong presence across Sea and Mena, has appointed its new chief revenue officer (CRO) Kushal Sanghvi. With extensive experience in digital marketing, business strategy, and technology-driven growth, he will spearhead revenue expansion, strengthen partnerships, and enhance the company’s position in the global advertising landscape.
Expressing enthusiasm for the new role, Sanghvi shared, “The digital marketing ecosystem is evolving rapidly, and icubeswire is at the forefront of this transformation. I look forward to driving strategic growth, collaborating with brands, agencies, and tech platforms, and delivering innovative solutions in the ever-changing Adtech space.”
Beyond this role, Sanghvi has been actively shaping the industry through multiple leadership positions. At Adtech India he was a board member helping to foster emerging technologies and talent in digital marketing. Additionally, at NITI Aayog he was an education mentor, driving digital-first skill development for young entrepreneurs. He also contributed at I-COM Global (India) as the vice chairman, promoting data-driven marketing, and at Appriffy-Digital IT Hub as a director, supporting startups through tech innovation and investment.
With a deep understanding of digital strategy, online advertising, and integrated marketing, Sanghvi is set to make a significant impact at icubeswire, propelling the company towards its next phase of innovation and growth.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
