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

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..