DPIL to start construction in Lavasa city after NCLT approval
SMART CITIES

DPIL to start construction in Lavasa city after NCLT approval

Mumbai-based Darwin Platform Infrastructure Ltd (DPIL), which won the bid for Lavasa city in December, told the media that the construction would begin only after National Company Law Tribunal (NCLT) approval.

Darwin Platform Group of Companies Group CEO Raja Roy Choudhary told the media that there would be a proposed payment schedule as per the resolution once the certificate of clearance is received.

All settlements related to corporate insolvency, resolution process, property delivery, operational creditors, secure financial creditors, and homebuyers will be done within the ambit of the process. The breakup cannot be disclosed once the NCLT approval is received. The clearance is expected to come by June, and then there will be a proposed payment schedule according to the resolution, he said.

According to Choudhary, the group will invite people to invest in various domains in Lavasa.

After Gujarat International Financial Tec-City (GIFT City), Lavasa Smart City is likely to host campuses of reputed foreign universities. The interest shown by four reputed Universities from the USA has driven realty prices at Lavasa northward.

Choudhury said institutions like Brandeis University, University of Wisconsin, University of Dallas, and Northeastern Illinois University have shown immense interest in establishing a base in India because of the student potential we have for international degrees.

Discussions are also going on with institutions in the UK and Israel in the area of liberal arts and high-tech education, and very soon announcements will be made. There has been a lot of talk in the real estate market with prices rising high with such international interest in Lavasa Smart City, said Choudhury.

Image Source

Also read: Darwin Platform wins for Lavasa Corporation resolution bid

Mumbai-based Darwin Platform Infrastructure Ltd (DPIL), which won the bid for Lavasa city in December, told the media that the construction would begin only after National Company Law Tribunal (NCLT) approval. Darwin Platform Group of Companies Group CEO Raja Roy Choudhary told the media that there would be a proposed payment schedule as per the resolution once the certificate of clearance is received. All settlements related to corporate insolvency, resolution process, property delivery, operational creditors, secure financial creditors, and homebuyers will be done within the ambit of the process. The breakup cannot be disclosed once the NCLT approval is received. The clearance is expected to come by June, and then there will be a proposed payment schedule according to the resolution, he said. According to Choudhary, the group will invite people to invest in various domains in Lavasa. After Gujarat International Financial Tec-City (GIFT City), Lavasa Smart City is likely to host campuses of reputed foreign universities. The interest shown by four reputed Universities from the USA has driven realty prices at Lavasa northward. Choudhury said institutions like Brandeis University, University of Wisconsin, University of Dallas, and Northeastern Illinois University have shown immense interest in establishing a base in India because of the student potential we have for international degrees. Discussions are also going on with institutions in the UK and Israel in the area of liberal arts and high-tech education, and very soon announcements will be made. There has been a lot of talk in the real estate market with prices rising high with such international interest in Lavasa Smart City, said Choudhury. Image Source Also read: Darwin Platform wins for Lavasa Corporation resolution bid

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code