Construction Infrastructure
Godrej Properties adds a large new redevelopment project in Mumbai
Godrej Properties has entered into an agreement to redevelop a land parcel in the upscale neighbourhood of Wadala, Mumbai. Spread across 7.5 acres, this project will offer approximately .15 million sq. mts. (approximately 1.6 million square feet) of saleable area comprising primarily of residential apartments of various configurations.
The land parcel is situated in a marquee residential location and is in very close proximity to Matunga Five Gardens. On its eastern side, the development will enjoy uninterrupted views of the eastern seaboard. With its strategic location, the project will enjoy excellent connectivity via rail, road, and monorail and will benefit from the significant social infrastructure present in the vicinity.
Mohit Malhotra, MD & CEO, Godrej Properties, stated, “This marks our entry into an important micro market within Mumbai and fits within our current strategy of adding large projects across the country’s leading real estate markets. We will seek to ensure this project delivers an outstanding lifestyle for its existing and future residents.”
News Source : Construction Week Online
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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