Lodha secures Rs 3.59 bn contract for Worli construction

16 Oct 2023 CW Team

Real estate developer Macrotech, operating under the Lodha brand, has entered into a development agreement for a project in the free sale component of a slum rehabilitation initiative in Mumbai's Worli area. According to documents accessed by CRE Matrix, a real estate data analytics firm, the total market value of the deal is Rs 3.59 billion. The property is part of a slum rehabilitation scheme by the state government. As per information provided by CRE Matrix, the developers intend to use the rehab component of the land to relocate approximately 172 slum dwellers. The land spans over 85,153 square feet (about 7,900 sq m). Out of this, the rehab component covers 26,156 sq m, while the free sale built-up area is 22,438 sq m. The floor space index (FSI) approved for the project stands at 5.172, as per CRE Matrix documents. FSI represents the maximum allowable construction area on a given land parcel. The stamp duty paid for the project amounts to approximately Rs 170 million. The agreement was formalised among four parties: promoter Manju Porwal, Sattadhar Constructions, Sattadhar Constructions, and Macrotech Developers. The transaction was officially registered on October 11, 2023.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..