Worli Dairy land to be redeveloped into commercial-financial hub

01 Oct 2025 CW Team

The Maharashtra government has approved the redevelopment of the 15.8-acre Worli Dairy land in Mumbai, paving the way for a world-class commercial-financial hub. The land parcel, previously reserved for the dairy development department, will now be handed over to the Mumbai Metropolitan Region Development Authority (MMRDA) for large-scale development, including residential and recreational facilities.

The state has granted Class 1 occupancy rights under the Maharashtra Land Revenue Code, making MMRDA the sole owner of the land. This ensures the development authority has full control over the property, eliminating the need for additional government approvals for development rights or disposal of plots.

The move follows a precedent set earlier this month when a 4.16-acre plot in Nariman Point, allocated to the Mumbai Metro Rail Corporation (MMRC), was sold to the Reserve Bank of India (RBI) for Rs 34.71 billion.

Officials expect the Worli Dairy redevelopment to generate significant funds for MMRDA, which is currently facing a financial crunch while executing the metro projects across the Mumbai Metropolitan Region (MMR).

A notification inviting public suggestions and objections has already been issued. The project aligns with the state’s larger vision of positioning MMR as a global economic hub and creating employment opportunities. Earlier plans by the Maha Vikas Aghadi (MVA) government—which included an exhibition centre, marine research institute, aquarium, and residential quarters for dairy staff—are now likely to be replaced with MMRDA’s new commercial vision.

As the Special Planning Authority (SPA) for the project, MMRDA will be responsible for drafting the development plan, finalising plot allocations, and issuing development permissions and NOCs.

News source: The Free Press Journal

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..