Supreme Infrastructure India has secured a significant turnkey construction contract worth Rs 4.50 billion for the development of a Project Affected Persons (PAP) housing complex located in Powai, Mumbai. This housing complex is part of a broader, large-scale redevelopment initiative being undertaken by BSS Property Ventures and Rajeshwar Property Ventures, both of which are majority-owned by investment funds managed by Brookfield, a global asset management company.

The contract involves the execution of Phase 1 of the redevelopment project, with Supreme Infrastructure India Limited appointed as the Engineering, Procurement, and Construction (EPC) contractor. Under this contract, the company will be responsible for delivering approximately 16 lakh square feet of built-up area. The scope of work includes comprehensive civil construction, Mechanical, Electrical, and Plumbing (MEP) services, as well as the development of associated infrastructure.

The project is scheduled to be completed within a 36-month timeframe. This assignment reinforces Supreme Infrastructure India’s capabilities in managing large-scale, complex construction projects in urban areas. The company officially disclosed these details in a regulatory filing submitted to the Bombay Stock Exchange (BSE).

This development is expected to contribute significantly to housing solutions for Project Affected Persons in the Powai area, reflecting the ongoing efforts to address urban redevelopment and resettlement challenges in Mumbai.

News source: UNI India