L&T to redevelop 31.25 lakh sq ft at Pachpakhadi in Thane

24 May 2024 CW Team

In what is considered one of the major real estate deals in the Mumbai Metropolitan Region, L&T Parel Projects agreed to develop a plot measuring 31.25 lakh sq ft (49,386 sq m) at Pachpakhadi in Thane. L&T entered into an agreement with Jagdale Infrastructure to develop the plot. The total RERA area to be developed is 31.25 lakh sq ft, and the total rehab area to be developed is 12.7 lakh sq ft.

According to a notification dated October 26, 2017, the land was declared a slum rehabilitation area under the provisions of Section 3C(1) of the Maharashtra Slum Area (Improvement, Clearance and Development) Act, 1971.

The developers would jointly develop the project land, which has a minimum developmental potential of a RERA carpet area of 31.25 lakh sq ft. The total agreement value is Rs 6.97 billion, and the stamp duty paid is Rs 340.88 million, according to documents accessed by CRE Matrix, a real estate data analytics firm.

The Slum Rehabilitation Authority (SRA), through a letter of intent dated December 7, 2022, approved the appointment of L&T Parel Projects as the developer of the land under the Slum Act and the relevant regulations of the UDCPR.

As per the agreement and mutual responsibilities, besides project obligations of the parties, it was agreed that the developer would be entitled to receive 31% of the net revenues. Similarly, the agreement specified that L&T would be entitled to receive 69% of the net revenue from the aggregate premises for its absolute and beneficial use as deemed fit.

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..