New contractor takes over Topiwala Market revamp in Mumbai

10 May 2024 CW Team

The BMC is in the process of appointing a new contractor to resume and complete the long-stalled redevelopment project of Topiwala market in Goregaon West, which has been dormant for the past six years. It was stated that the project, originally budgeted at Rs 1.31 billion, had seen its costs escalate to Rs 1.66 billion due to various delays.

It was initiated in 2019, with the redevelopment aiming to transform the market into a 16-storey building featuring a civic theatre for 800 people and municipal staff quarters. Demolition of the old market building, which accommodated 265 licensees and a theatre, took place in 2018 to pave the way for the redevelopment. Progress was significantly impacted by the Covid-19 pandemic, with work resuming only in 2022.

It was reported that the original contractor?s term expired after completing work on the basement, prompting demands to remove the standard 10% cost escalation cap. However, it was mentioned by a municipal source that this proposal was not approved by civic authorities, leading to the cancellation of the old contract.

Prakash Rasal, assistant municipal commissioner of the BMC?s market department, stated that they had invited a new tender and mentioned that the remaining work would be completed by the new contractor.

An official of the building construction department stated that the project was hit by a pandemic and also a court case filed by the vendors. They mentioned that due to this, the previous contractor had less time to carry out the construction work. It was further informed that there would be a pre-bid meeting for the fresh tenders on May 27 and the contract would be awarded in June. Additionally, it was noted that the material cost had increased from the earlier estimate in the last few years, and the new contractor would get 42 months to complete the work.

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..