Capacit’e Infraprojects has secured a major construction contract worth Rs 3.06 billion (Rs 306 crore), excluding Goods and Services Tax (GST), from real estate developer Puravankara for a residential development in Mumbai.
The company received a Letter of Award (LoA) from Puravankara, formally confirming its appointment for the construction work. The contract adds to Capacit’e Infraprojects’ project portfolio and strengthens its presence in Mumbai’s residential construction market.
The order involves executing construction activities for a housing project being developed by Puravankara. While the contract value has been disclosed, details regarding the project’s location, construction schedule, delivery timeline and the number of residential units have not been specified in the announcement.
The latest order reflects the continued demand for construction services as developers advance residential projects across Mumbai. The city’s housing market has witnessed sustained development activity, with real estate companies undertaking projects across established and emerging locations to cater to different segments of homebuyers.
For Capacit’e Infraprojects, the award provides an opportunity to expand its involvement in the city’s real estate infrastructure and undertake another large-scale residential assignment. The company operates in the construction sector, undertaking projects across residential, commercial and institutional segments.
Puravankara, meanwhile, continues to pursue its development activities in the housing market. Appointing an experienced construction contractor is an important step towards taking the project forward.
The Rs 306-crore order marks a fresh business addition for Capacit’e Infraprojects, with the contract value excluding applicable GST. Further project-specific information, including the construction commencement date and expected completion period, is yet to be made available.
Source: Construction World
