+
RWITC Leases Mahalaxmi Racecourse for 30 Years
ECONOMY & POLICY

RWITC Leases Mahalaxmi Racecourse for 30 Years

The Royal Western India Turf Club (RWITC) has secured a 30-year lease for the iconic Mahalaxmi Racecourse, covering 91 acres. This agreement ensures the continuation and development of one of Mumbai's most prestigious sporting venues.
The new lease agreement marks a significant milestone for RWITC, allowing it to maintain and enhance the racecourse?s facilities and operations. The extended lease provides stability and enables long-term planning for improvements and modernization efforts, ensuring the racecourse remains a premier destination for horse racing enthusiasts.
RWITC plans to invest in upgrading the infrastructure, including the stables, tracks, and spectator amenities. These enhancements aim to elevate the experience for visitors and participants, aligning with international standards.
The Mahalaxmi Racecourse, known for its rich history and cultural significance, will benefit from the renewed focus on development. The racecourse hosts numerous prestigious events, contributing to Mumbai?s vibrant sporting and social calendar. The lease renewal signifies a commitment to preserving this heritage while adapting to contemporary demands.
Securing the lease also has broader implications for the local economy. The racecourse generates employment opportunities and attracts tourism, supporting various businesses in the area. The ongoing development projects are expected to create additional jobs and boost economic activity.    

The Royal Western India Turf Club (RWITC) has secured a 30-year lease for the iconic Mahalaxmi Racecourse, covering 91 acres. This agreement ensures the continuation and development of one of Mumbai's most prestigious sporting venues.The new lease agreement marks a significant milestone for RWITC, allowing it to maintain and enhance the racecourse?s facilities and operations. The extended lease provides stability and enables long-term planning for improvements and modernization efforts, ensuring the racecourse remains a premier destination for horse racing enthusiasts.RWITC plans to invest in upgrading the infrastructure, including the stables, tracks, and spectator amenities. These enhancements aim to elevate the experience for visitors and participants, aligning with international standards.The Mahalaxmi Racecourse, known for its rich history and cultural significance, will benefit from the renewed focus on development. The racecourse hosts numerous prestigious events, contributing to Mumbai?s vibrant sporting and social calendar. The lease renewal signifies a commitment to preserving this heritage while adapting to contemporary demands.Securing the lease also has broader implications for the local economy. The racecourse generates employment opportunities and attracts tourism, supporting various businesses in the area. The ongoing development projects are expected to create additional jobs and boost economic activity.    

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code