MMRDA Signs $12 Billion MoU with Brookfield to Transform MMR

31 Jan 2025 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has signed a Memorandum of Understanding (MoU) with Brookfield, a global investment firm, to invest $12 billion in developing the Mumbai Metropolitan Region (MMR) into a global economic hub over the next five to seven years. This landmark deal marks a significant milestone as MMRDA celebrates its golden jubilee and continues attracting investments to shape the region's future. Highlights of the MoU: • Focus on Metro projects, roads, bridges, urban infrastructure, real estate, Transit-Oriented Development (TOD), Land Value Capture, and sustainable blue and green infrastructure. • Major investments directed towards Mumbai 3.0 (KSC New Town, covering 323.24 sq. km.) and Special Planning Areas (SPAs) in the northern (1,006.76 sq. km.) and southern (673.33 sq. km.) parts of MMR. • The initiative will include Residential, Commercial, and Mixed-use developments, Logistics Parks, Data Centres, and Global Capability Centres (GCCs), as well as improvements in physical, digital, and social infrastructure. This investment aligns with Maharashtra’s goal of becoming a $1 trillion economy and supports India’s ambition to reach a $5 trillion economy within the next 3–4 years. The MoU is expected to contribute to a $300 billion economy within MMR and create 3 million new jobs by 2030. Brookfield, headquartered in Toronto, is a global leader in alternative asset management and infrastructure, with expertise in real estate, renewable energy, and business services. Their involvement will bring strategic investments, financial strength, and operational expertise to this transformative project.

(FPJ)

Infrastructure Urban

09 Mar 2026

Flender Inaugurates Wind Gearbox Test Rig In Chennai

Chennai, 6 March 2026: Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the installation of the largest test rig of its kind in India. The facility was inaugurated on 5 March in the presence of Andreas Evertz, CEO, Flender Group; Lars Wiegemann, Vice President – Wind Gears; and Vinod Shetty, CEO, Flender India.The test rig has been developed to support testing and validation of wind turbine gearboxes, strengthening the company’s capabilities in the renewable energy sector. The commissioning was completed within three months thr..

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..