The Mumbai Metropolitan Region Development Authority (MMRDA) and REC Limited have signed a Memorandum of Understanding (MoU) to invest Rs 1 trillion in the Mumbai Metropolitan Region (MMR). This significant investment aims to bolster infrastructure and development projects, driving economic growth and urban improvement in the region.
MmrdaRec LimitedInfrastructure InvestmentMumbai Metropolitan RegionUrban DevelopmentReal Estate MumbaiApr 09, 2025
The total investment amount under the MoU between MMRDA and REC Limited is Rs 1 trillion.
The key areas of focus for this investment include transportation, power, and social infrastructure such as healthcare and education.
REC Limited is a leading financial institution in the power sector, and their role in this collaboration is to provide financial support for the development of power infrastructure in the MMR.
This investment is expected to boost infrastructure, enhance urban planning, drive economic growth, and improve the quality of life for the region's residents.
The collaboration will benefit the local community by creating job opportunities, improving public services, and attracting further investments to the region.
The southern cities of Bengaluru
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