Capacit'e Secures Rs 15.18 Billion Contract for 25 Downtown Towers in Mumbai
Capacit'e, a leading construction firm, has won a significant Rs 15.18 billion contract to build 25 downtown towers in Mumbai, marking a major milestone in the city's urban development.
ConstructionMumbaiUrban DevelopmentHighrise BuildingsSustainabilityReal Estate NewsSep 20, 2025
The contract, awarded by the Mumbai Metropolitan Region Development Authority (MMRDA), will see Capacit'e responsible for the construction of these high-rise buildings, which are set to transform the skyline of Mumbai. The project is expected to enhance the city's infrastructure and provide much-needed housing solutions.
The 25 downtown towers will be strategically located in key areas of Mumbai, including the central business district and residential zones. Each tower will be designed to meet the highest standards of modern architecture and sustainability. The project is expected to create numerous job opportunities and boost the local economy.
Capacit'e has a strong track record in delivering large-scale construction projects. The company's expertise in sustainable building practices and innovative design solutions has been a key factor in securing this contract. The project is expected to be completed within the next five years, with the first phase scheduled for completion in 24 months.
In addition to the construction of the towers, the project will also include the development of public spaces, parks, and other amenities. These additional features are designed to improve the quality of life for residents and create a vibrant community environment.
The MMRDA has emphasized the importance of this project in the context of Mumbai's urban development. The authority's focus on sustainable and inclusive growth aligns well with Capacit'e's commitment to delivering high-quality, eco-friendly buildings.
The contract signing ceremony was attended by senior officials from both Capacit'e and the MMRDA. The event highlighted the collaborative efforts between the private and public sectors in driving urban development and infrastructure projects.
Capacit'e's CEO, Mr. Rajiv Sharma, expressed his excitement about the project, stating, 'This contract is a testament to our capabilities and dedication to excellence. We are committed to delivering a world-class project that will benefit the city and its residents.'
The project is expected to attract significant investment and attention from both domestic and international stakeholders. The development of these downtown towers will not only enhance Mumbai's infrastructure but also position the city as a leading hub for modern urban living.
As the project progresses, Capacit'e will continue to update stakeholders on the status and milestones achieved. The company's commitment to transparency and collaboration ensures that the project will be completed to the highest standards and within the specified timeframe.
The construction of the 25 downtown towers in Mumbai is a significant milestone in the city's urban development, and Capacit'e's involvement underscores the company's leadership in the construction industry.
Frequently Asked Questions
What is the total value of the contract awarded to Capacit'e?
The total value of the contract awarded to Capacit'e is Rs 15.18 billion.
How many downtown towers will Capacit'e construct in Mumbai?
Capacit'e will construct 25 downtown towers in Mumbai.
Who awarded the contract to Capacit'e?
The contract was awarded by the Mumbai Metropolitan Region Development Authority (MMRDA).
What is the expected completion timeline for the project?
The project is expected to be completed within the next five years, with the first phase scheduled for completion in 24 months.
What additional features will be included in the project?
The project will include the development of public spaces, parks, and other amenities to improve the quality of life for residents and create a vibrant community environment.
Related News Articles
Real Estate Market Sees Gains Amid Positive Trend
Real Estate stocks rise as S&P BSE Realty Index gains 0.96% at 8117.27
Makers of 'Burj Khalifa' Enter Mumbai with Ultra-Luxury Villa Project
The real estate market in Maharashtra is set to witness a significant transformation with the launch of 'The Casa Venero,' an ultra-luxury villa project by the makers of the world-renowned Burj Khalifa.
Kanakapura Road: Bangalore's Emerging Eco-Friendly Real Estate Hub
Kanakapura Road in Bangalore is rapidly transforming into a sought-after real estate hotspot, with many residential projects emphasizing eco-friendly living. Green initiatives, landscaped gardens, and proximity to nature are key features attracting homebu
Maharashtra: Real Estate Sectors Anticipates Revolutionary Changes with New Government
The real estate sector in Maharashtra is buzzing with optimism as the newly formed government is expected to introduce transformative policies that could unlock significant growth and development in the industry.
Wakad and Wagholi in Pune Witness Significant Real Estate Price Growth
Pune's real estate market has seen impressive growth, with Wakad and Wagholi leading the way. Wakad, a prime area, recorded a 27% price increase, while the peripheral area of Wagholi saw a staggering 37% growth.
Hiranandani Group Makes Strategic Entry into Pune's Real Estate Market with Landmark Deal
The Hiranandani Group, one of India's leading real estate developers, has officially entered the vibrant real estate market of Pune by partnering with Krisala Developers on a significant 105-acre project.