DPIL to start construction in Lavasa city after NCLT approval

26 Apr 2022 CW Team

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

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..