Vascon Engineers Secures Rs 161 Cr Mumbai Redevelopment Project
Vascon Engineers has won a significant Rs 161 crore contract from MSEB Holding Company Ltd for the redevelopment of the Saudamini Building in Mahalaxmi, Mumbai. The project is expected to be completed within 36 months, further solidifying Vascon's presence in the Mumbai real estate market.
MumbaiReal EstateRedevelopmentVascon EngineersMseb Holding Company LtdReal Estate MumbaiOct 10, 2025
Siddharth Vasudevan Moorthy, Managing Director of Vascon Engineers Ltd, expressed his enthusiasm for the project, stating, “We will focus on delivering this project to the expected quality standards and within the agreed timeline.” The redevelopment of the Saudamini Building is a significant addition to Vascon's portfolio, which already includes several notable projects in Mumbai.
In recent years, Vascon has reinforced its redevelopment strategy in Mumbai with projects 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. This pipeline represents an expected sales value of Rs 1,050 crore.
Mumbai's ongoing and planned real estate launches are expected to contribute around 50 per cent to the company's overall real estate portfolio by FY27. Vascon's focus on redevelopment aligns with the growing demand for modern, high-quality living spaces in the city.
Alongside real estate redevelopment, Vascon Engineers is actively pursuing EPC (Engineering, Procurement, and Construction) opportunities in Mumbai and Western India. The company is currently involved in tendering processes for institutional and infrastructure projects, which are expected to add to its long-term order pipeline.
Vascon Engineers has a strong reputation in the construction and real estate sector, known for its commitment to quality and timely delivery. The company's strategic focus on redevelopment and EPC projects positions it well to capitalize on the growing demand for infrastructure and real estate development in Mumbai and Western India.
The Saudamini Building project is a testament to Vascon's capabilities and its ability to undertake large-scale redevelopment initiatives. The company's expertise in managing complex projects and delivering high-quality results will be crucial in ensuring the successful completion of the Saudamini Building redevelopment.
Frequently Asked Questions
What is the total value of the Saudamini Building redevelopment project?
The total value of the Saudamini Building redevelopment project is Rs 161 crore.
Who is the client for the Saudamini Building redevelopment project?
The client for the Saudamini Building redevelopment project is MSEB Holding Company Ltd.
How long is the project expected to take?
The project is expected to be completed within 36 months from the commencement of work.
What are some other notable projects by Vascon Engineers in Mumbai?
Some other notable projects by Vascon Engineers in Mumbai include Vascon Orchids at Santacruz and Prakash CHS at Santacruz West.
What is Vascon Engineers' strategy for real estate development in Mumbai?
Vascon Engineers' strategy for real estate development in Mumbai focuses on redevelopment projects in key micro-markets such as Santacruz, Powai, and others, aiming to contribute significantly to the company's overall real estate portfolio by FY27.
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