+
 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
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code