MMRDA to Raise Rs.140 Bn via Bonds for Urban Infrastructure

29 Aug 2024 CW Team

The Mumbai Metropolitan Region Development Authority (MMRDA) has announced plans to raise Rs.140 billion through bond issuance to support its extensive urban infrastructure projects. This move aims to bolster funding for critical developments across Mumbai and its surrounding areas.

The funds from the bond issue will be allocated to various infrastructure projects, including road improvements, metro expansions, and other urban development initiatives. The capital injection is expected to accelerate the pace of ongoing projects and initiate new ones that will enhance connectivity and overall quality of life in the region.

MMRDA's decision to issue bonds reflects a strategic approach to financing, leveraging the robust financial market to secure necessary resources without over-relying on government budgets. This method also provides an opportunity for investors to participate in Mumbai's growth story, offering a stable investment avenue with potential returns linked to the success of regional infrastructure enhancements.

The bond issuance will be conducted in phases, with detailed plans and schedules to be announced soon. The MMRDA is confident that this financial strategy will facilitate the timely execution of its ambitious projects, addressing critical urban challenges and supporting sustainable development.

Overall, this significant funding initiative underscores MMRDA's commitment to transforming Mumbai into a modern, efficient, and livable city through enhanced infrastructure and development.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..