Vascon Engineers Secures ₹161 Crore Redevelopment Project in Mumbai's Mahalaxmi
Vascon Engineers Ltd., a leading EPC and real estate player, has secured a significant redevelopment project in Mahalaxmi, Mumbai, valued at ₹161.18 crore. This project underscores Vascon's growing presence in Mumbai's real estate sector and its commitment to executing large-scale projects.
Vascon EngineersMumbaiRedevelopmentReal EstateEpcReal Estate MumbaiOct 10, 2025
The project is a significant addition to Vascon’s portfolio, further solidifying its expertise in redevelopment and expanding its footprint in Mumbai’s real estate market. Mr. Siddharth Vasudevan Moorthy, Managing Director of Vascon Engineers Ltd., expressed his delight, stating, “We are thrilled to have been entrusted with this important redevelopment project by MSEB Holding Company Limited. This project not only strengthens our order book but also reflects the trust our clients place in our capabilities to deliver large-scale projects in Mumbai. We are committed to meeting the highest quality standards and adhering to the agreed timeline.”
Vascon has a robust track record in redevelopment projects within Mumbai, including notable developments such as Vascon Orchids at Santacruz and Prakash CHS at Santacruz West. The company’s redevelopment pipeline in areas like Santacruz, Powai, and other micro-markets collectively accounts for approximately 0.4 million square feet, with an expected sales value of ₹1050 crore. By FY27, Mumbai’s ongoing and planned launches are projected to contribute around 50 percent to the company’s overall real estate portfolio.
Alongside its real estate projects, Vascon is actively pursuing EPC opportunities in Mumbai and Western India. The company is participating in tenders for institutional and infrastructure projects, which are expected to bolster its long-term order pipeline. This strategic approach underscores Vascon’s commitment to sustainable growth and its dedication to delivering high-quality projects across various sectors.
Vascon Engineers Ltd. has a rich legacy spanning nearly four decades, marked by a strong focus on innovation, quality, and customer satisfaction. The company’s expertise in both EPC and real estate development positions it as a key player in the Indian construction industry. With this latest project, Vascon continues to demonstrate its capability to tackle complex and large-scale redevelopment projects, further cementing its reputation in the market.
Frequently Asked Questions
What is the value of the redevelopment project awarded to Vascon Engineers?
The redevelopment project awarded to Vascon Engineers is valued at ₹161.18 crore, excluding GST and insurance.
Who is the client for the Saudamini Building redevelopment project?
The client for the Saudamini Building redevelopment project is MSEB Holding Company Limited.
What is the expected timeline for the completion of the project?
The project is expected to be completed within 36 months from the start of work.
What are some of Vascon's notable redevelopment projects in Mumbai?
Some of Vascon's notable redevelopment projects in Mumbai include Vascon Orchids at Santacruz and Prakash CHS at Santacruz West.
How much is the expected sales value of Vascon's redevelopment pipeline in Mumbai?
The expected sales value of Vascon's redevelopment pipeline in Mumbai is ₹1050 crore.
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