Capacit’e & Tata Projects To Transform BDD Chawl Into High-Rise Haven
The Bombay Development Department (BDD) chawls in Worli, Mumbai, are being redeveloped by Capacit’e Infraprojects in a special purpose vehicle (SPV) with Tata Projects. The project, which has been taken over by the Maharashtra Housing and Area Development Authority (MHADA), is expected to improve the quality of life for about 50,000 residents. The BDD Chawls […]
After three months, the government reverses course and buys out R-Infra’s Metro-1 stake
MUMBAI: Three months after sanctioning it, the state government has changed its mind about acquiring the Versova-Andheri-Ghatkopar Metro-1. During a Tuesday cabinet meeting, the decision was made. The city’s oldest route, Metro-1, is the only one developed under a public-private partnership. Mumbai Metro One Private Ltd (MMOPL), a special purpose vehicle (SPV), is in charge […]
Cabinet Approves Rs 76,200-Crore Greenfield Major Port at Vadhavan
The Union Cabinet approved the development of an all-weather greenfield deep draft major port at Vadhavan in Maharashtra, with a project cost of Rs 76,200 crore. According to an official statement, the port will be constructed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) created by the Jawaharlal Nehru Port Authority (JNPA) […]