Vingroup Eyes Smart City Projects in Maharashtra

28 Jan 2026 CW Team

Vietnam’s Vingroup is exploring opportunities to develop smart cities across several Indian states and is in discussions with the Maharashtra government, according to senior company officials.

The Maharashtra government has offered land in Pune for the proposed project. However, Vingroup is evaluating cities with a population of at least one million for its smart city developments and is not considering Mumbai as a potential location, said Pham Sanh Chau, Managing Director and Chief Executive Officer of Vingroup Asia Operations.

The proposed smart cities are expected to feature integrated urban developments, including residential housing, hospitals, shopping centres, schools and electric mobility infrastructure. The projects are likely to follow the model of Vinhomes Smart City in Hanoi, one of the group’s flagship urban development initiatives in Vietnam.

Vingroup’s interest in India comes amid the rapid expansion of its automobile arm, VinFast, in the country’s electric vehicle segment. The company’s potential entry into India’s smart city space reflects its broader strategy to strengthen its presence in large-scale infrastructure and urban development projects.

If finalised, the smart city initiative could contribute to Maharashtra’s urban transformation agenda and attract significant foreign investment into the state’s real estate and infrastructure sectors.

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..