Torrent Arm Signs MoUs for Lake Upkeep
ECONOMY & POLICY

Torrent Arm Signs MoUs for Lake Upkeep

Torrent Group’s philanthropic arm, UNM Foundation, has signed memorandums of understanding (MoUs) with six civic bodies for the maintenance of 69 lakes across Ahmedabad and Gandhinagar districts, covering over 2 million square metres.
The agreements were formalised at the Startup Conclave 2025 in Mahatma Mandir, Gandhinagar, in the presence of Union Home Minister Amit Shah. They mark a major expansion of the foundation’s flagship environmental initiative, PRATITI.
The civic bodies include Ahmedabad Municipal Corporation, Gandhinagar Municipal Corporation, Ahmedabad and Gandhinagar Jilla Panchayats, and the Kalol and Mansa Nagar Palikas. Torrent Group Director Jinal Mehta signed the MoUs with Ahmedabad Mayor Pratibhaben Jain, with Chief Minister Bhupendra Patel and several state ministers also attending.
UNM Foundation vice-chairperson Sapna Mehta described the agreements as a significant milestone in the foundation’s ecological restoration efforts. “It reaffirms our enduring commitment to restoring, maintaining, and celebrating the natural assets that sustain our communities,” she said, adding that maintaining green and blue spaces is a civic responsibility.
The MoUs aim to restore and sustain urban water bodies, improve biodiversity, and strengthen community participation in environmental stewardship. With this latest commitment, UNM Foundation will oversee the upkeep of 28.44 million square metres of public parks and lakes across Gujarat.
Under the PRATITI initiative, the foundation has already developed and maintained over 0.5 million square metres of green spaces, including 13 public gardens and 2 lakes, which collectively attract around 6 million annual visitors. Expansion of the initiative to other states, including Maharashtra, is also under consideration.

"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."

Torrent Group’s philanthropic arm, UNM Foundation, has signed memorandums of understanding (MoUs) with six civic bodies for the maintenance of 69 lakes across Ahmedabad and Gandhinagar districts, covering over 2 million square metres.The agreements were formalised at the Startup Conclave 2025 in Mahatma Mandir, Gandhinagar, in the presence of Union Home Minister Amit Shah. They mark a major expansion of the foundation’s flagship environmental initiative, PRATITI.The civic bodies include Ahmedabad Municipal Corporation, Gandhinagar Municipal Corporation, Ahmedabad and Gandhinagar Jilla Panchayats, and the Kalol and Mansa Nagar Palikas. Torrent Group Director Jinal Mehta signed the MoUs with Ahmedabad Mayor Pratibhaben Jain, with Chief Minister Bhupendra Patel and several state ministers also attending.UNM Foundation vice-chairperson Sapna Mehta described the agreements as a significant milestone in the foundation’s ecological restoration efforts. “It reaffirms our enduring commitment to restoring, maintaining, and celebrating the natural assets that sustain our communities,” she said, adding that maintaining green and blue spaces is a civic responsibility.The MoUs aim to restore and sustain urban water bodies, improve biodiversity, and strengthen community participation in environmental stewardship. With this latest commitment, UNM Foundation will oversee the upkeep of 28.44 million square metres of public parks and lakes across Gujarat.Under the PRATITI initiative, the foundation has already developed and maintained over 0.5 million square metres of green spaces, including 13 public gardens and 2 lakes, which collectively attract around 6 million annual visitors. Expansion of the initiative to other states, including Maharashtra, is also under consideration.

Next Story
Real Estate

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..

Next Story
Real Estate

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..

Next Story
Infrastructure Urban

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..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement