Reliance Industries to set up megacity near Mumbai
Real Estate

Reliance Industries to set up megacity near Mumbai

Reliance Industries is planning to build a megacity in Mumbai. The company is reportedly in its final stages of developing a layout for setting up a megacity in the financial capital of the country. 

Earlier, the plan was to set up a megacity in Navi Mumbai. The idea had reportedly come from the founder of Reliance Group, Dhirubhai Ambani. However, Mukesh Ambani’s megacity is expected to fetch an investment worth of $75 billion in the span of 10 years. On an exceptional large scale, the megacity will be reportedly largely similar to the manner in which Reliance Jio Infocomm and Reliance Industries’ Jamnagar refinery were set up.

Reports suggest, the megacity will include a sea link connectivity, an airport and a port. The city is to be developed on the lines of Singapore and the completion of the project is expected to accommodate more than 0.5 million people and thousands of businesses. The megacity may also lead to reverse migration as the property prices in the new city are expected to be lower than that in Mumbai.

That said, the launch of Ambani’s megacity, is expected to recast the entire urban infrastructure scene in India. In terms of affordability and quality of the product, Mukesh Ambani's megacity could reportedly match the Reliance Jio phenomenon.

The megacity will be developed by Reliance Industries. Also, the enterprise is expected to be responsible for the city administration after the accomplishment of the project in order to reduce the red tape, transaction time and cost of the project as the project has already obtained the approval of special planning authority.

Reliance Industries is planning to build a megacity in Mumbai. The company is reportedly in its final stages of developing a layout for setting up a megacity in the financial capital of the country. Earlier, the plan was to set up a megacity in Navi Mumbai. The idea had reportedly come from the founder of Reliance Group, Dhirubhai Ambani. However, Mukesh Ambani’s megacity is expected to fetch an investment worth of $75 billion in the span of 10 years. On an exceptional large scale, the megacity will be reportedly largely similar to the manner in which Reliance Jio Infocomm and Reliance Industries’ Jamnagar refinery were set up.Reports suggest, the megacity will include a sea link connectivity, an airport and a port. The city is to be developed on the lines of Singapore and the completion of the project is expected to accommodate more than 0.5 million people and thousands of businesses. The megacity may also lead to reverse migration as the property prices in the new city are expected to be lower than that in Mumbai.That said, the launch of Ambani’s megacity, is expected to recast the entire urban infrastructure scene in India. In terms of affordability and quality of the product, Mukesh Ambani's megacity could reportedly match the Reliance Jio phenomenon.The megacity will be developed by Reliance Industries. Also, the enterprise is expected to be responsible for the city administration after the accomplishment of the project in order to reduce the red tape, transaction time and cost of the project as the project has already obtained the approval of special planning authority.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement