L&T Wins Major Contract for NAINA Integrated Infrastructure Project

27 Aug 2024 CW Team

In the recent Town Planning Schemes (TPS) for the Navi Mumbai Airport Influence Notified Area (NAINA), which were approved by the City and Industrial Development Corporation (CIDCO), the transportation and infrastructure division of L&T secured a contract for an integrated infrastructure development project. According to the company's filing with the stock exchange, the contract is valued between Rs 25 billion and Rs 50 billion.

CIDCO awarded the project to L&T for the integrated development of 60-metre and 45-metre wide roads, the construction of various major and minor structures, as well as related electrical works. The project includes the development of four approach roads totalling 13.28 km, which will feature nine major structures, including three prominent steel bridges over the Kalundre River and the Mumbai-Pune Expressway, twelve minor bridges, twenty-seven underpasses, and access roads to these structures. Additionally, the project encompasses utility and allied electrical works.

CIDCO recently approved TPS 1 through 12 for the NAINA project and issued tenders accordingly. In March 2024, the planning agency released tenders worth Rs 31.14 billion for TPS 2 to 7, and more recently, tenders amounting to Rs 33 billion for TPS 8 to 12. The infrastructure works related to TPS 1 have already been completed.

As the special planning authority for the NAINA project, CIDCO has finalized all town planning schemes within the designated timeframe. In March 2024, CIDCO issued tenders for various works including road development, drainage, sewage, street lighting, and other infrastructure developments for TPS 2 to 7 in the 94 villages within NAINA. Contractors bidding for these works are required to complete them within three years.

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..