90-year-old BDD chawl in Mumbai to be rehabilitated

01 Jul 2018 CW Staff

A consortium comprising TATA Projects, Capacit'e Infraprojects and CITIC Group has been awarded the project for redevelopment of the existing Bombay Development Department (BDD) Residential and Commercial Societies (chawls), one of the oldest British-era developments in Mumbai. Rs 117.44 billion for the project has been awarded by the Maharashtra government and Maharashtra Housing & Area Development Authority (MHADA), the implementing agency. The project, located in Worli, comprises about 98 rehabilitation and sale buildings of 22 to 66 floors and involves construction across 26 million sq ft. It also requires the construction of around 720 units in a transit camp. Around 10,000 jobs are expected to be generated through this project, , with construction to be carried out in five phases over a period of eight years. Over 10,000 families associated with this redevelopment are expected to benefit. 'This is one of the largest single-value infrastructure projects in the country,' said Vinayak Deshpande, Managing Director, TATA Projects. 'Execution of this skyline-changing, socially beneficial project will help Mumbai become a world-class city. This win is also a testimony to TATA Projects' focus on developing high-quality social infrastructure while maintain high standards of safety.' This massive commercial and residential development is among the biggest redevelopment projects in India and will serve as a model for other chawl development projects. The project also aims to increase economic output through the provision of commercial centres within the precinct.

Infrastructure Urban

09 Oct 2025

Dorf Ketal In Talks To Acquire Italy’s Italmatch For $1.6 Billion

Dorf Ketal, a global manufacturer and supplier of speciality chemicals, is in advanced negotiations to acquire Italy-based Italmatch Chemicals SpA for around $1.6 billion. The deal is being facilitated by the current owners, Bain Capital.Both companies have entered into exclusive discussions and are reportedly close to finalising the Shareholder Agreement (SPA) within the next few weeks. A formal announcement is expected by the end of the month. If completed, this would mark Dorf Ketal’s largest-ever acquisition, underscoring its global growth ambitions and the accelerating consolidation wit..

MSME NPAs May Rise To 3.9 Per Cent In FY26: Crisil

The gross non-performing assets (NPAs) of the micro, small, and medium enterprises (MSME) loan portfolio are projected to rise to around 3.9 per cent by the end of FY26, according to Crisil Ratings. The increase is largely attributed to the recent 50 per cent tariff hikes imposed by the United States on Indian exports, which are expected to strain several export-driven MSME segments.As of the end of FY25, the MSME loan portfolio—which accounts for nearly 17 per cent of total banking system credit—recorded a gross NPA ratio of 3.59 per cent. Crisil forecasts this to climb to between 3.7 and..

IGX Trade Volumes Rise 88 Per Cent On Strong Power Demand

The Indian Gas Exchange (IGX) reported an 88 per cent year-on-year rise in trade volumes to 145 million standard cubic metres (mscm) in September, as unusually warm and humid weather lifted demand for natural gas across India.India’s overall gas consumption stood at 145.91 billion units (BUs), marking a 3.2 per cent annual increase.According to IGX, 40 per cent of September’s traded volume came from Intraday and Day-Ahead contracts, with 51 trades executed in Intraday and 30 in Day-Ahead segments. The exchange’s benchmark price index, GIXI, averaged Rs 1,040 (about $11.8) per mBtu, refle..