MIDC and Ramky Unit Sign Concession for Life Sciences Park

16 Mar 2026 CW Team

The development will occupy approximately 1,000 hectares within the Dighi Port Industrial Area, covering parts of Mangaon and Roha talukas in Raigad district. It will deliver integrated industrial zones, commercial areas, common infrastructure, utilities and internal road networks alongside designated open spaces. The scheme aims to enable companies to access ready-built facilities and shared services.

The project is designed to establish a world-class integrated life sciences manufacturing ecosystem that will provide end-to-end infrastructure and shared facilities for pharmaceutical, biotechnology and life sciences companies. It will include advanced utilities to optimise capital investment and operational efficiency as well as innovation-led research and development centres, incubation hubs and technology transfer platforms to support collaboration and capability building. Environmentally responsible infrastructure and compliance measures are planned to support sustainable industrial operations.

Revenue is expected from land lease premium and lease rentals, development charges, maintenance charges for common infrastructure and operational charges for utilities and shared facilities. The project is expected to strengthen regional industrial infrastructure, attract investment into the pharmaceutical and life sciences sectors and generate significant direct and indirect employment while stimulating ancillary industries and local businesses. Following the concession agreement the order book of RIL stands at approximately Rs 135 billion (Rs 135 bn). RIL leadership said the agreement represents a significant milestone and is expected to bring employment, infrastructure strengthening, innovation and long-term investment to Maharashtra.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Maharashtra Industrial Development Corporation has signed a concession agreement with Maha Integrated Life Sciences City Limited (MILeS City), a wholly owned subsidiary of Ramky Infrastructure Limited (RIL), to develop a high-tech pharmaceutical park at Dighi Port Industrial Area in Raigad. The project will follow a public-private partnership under a DBFOT model and has an estimated cost of Rs 30 billion (Rs 30 bn). The concession will run for 95 years, including a five-year construction phase, with MILeS City responsible for development and management. The development will occupy approximately 1,000 hectares within the Dighi Port Industrial Area, covering parts of Mangaon and Roha talukas in Raigad district. It will deliver integrated industrial zones, commercial areas, common infrastructure, utilities and internal road networks alongside designated open spaces. The scheme aims to enable companies to access ready-built facilities and shared services. The project is designed to establish a world-class integrated life sciences manufacturing ecosystem that will provide end-to-end infrastructure and shared facilities for pharmaceutical, biotechnology and life sciences companies. It will include advanced utilities to optimise capital investment and operational efficiency as well as innovation-led research and development centres, incubation hubs and technology transfer platforms to support collaboration and capability building. Environmentally responsible infrastructure and compliance measures are planned to support sustainable industrial operations. Revenue is expected from land lease premium and lease rentals, development charges, maintenance charges for common infrastructure and operational charges for utilities and shared facilities. The project is expected to strengthen regional industrial infrastructure, attract investment into the pharmaceutical and life sciences sectors and generate significant direct and indirect employment while stimulating ancillary industries and local businesses. Following the concession agreement the order book of RIL stands at approximately Rs 135 billion (Rs 135 bn). RIL leadership said the agreement represents a significant milestone and is expected to bring employment, infrastructure strengthening, innovation and long-term investment to Maharashtra.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..