Published On:June 22 2018
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Consortium of Capacit'e Infraprojects awarded redevelopment of BDD Chawls
Consortium of Capacit'e Infraprojects Limited (Lead Member), Tata Projects Limited and CITIC Construction Co Ltd, has received Letter of Acceptance from Mumbai Housing and Area Development Board (a MHADA Unit) for total contract value of Rs. 11,744.26 Crore.
The project will be executed through a Special purpose vehicle in which Capacit'e Infraprojects Limited will have 37.1% share worth Rs. 4,357.12 Crore. Share of Tata Projects Limited in the Consortium will be 36.9% and CITIC Construction Co. Ltd. will have 26% share.
The project involves Technical designing (structure service + infrastructure), co-ordination and construction of rehabilitation/ sale/ commercial / amenities / any other structure along with construction of Habitable temporary transit camps, work of on-site, off-site infrastructure and landscaping & performing various co-ordination activities and obtaining all relevant permissions & approvals from all concerned authorities on lump-sum basis for Redevelopment of project of BDD Chawls on CTS No. 1539 & 1540 at Lower Parel Division at Worli, Mumbai- 400 018.