City
Epaper

Maha: MoU signed between Mahapreet and NBCC for redevelopment of housing complexes in Mumbai

By IANS | Updated: March 27, 2025 17:56 IST

Mumbai, March 27 A Memorandum of Understanding (MoU) was signed on Thursday between Mahatma Phule Renewable Energy and ...

Open in App

Mumbai, March 27 A Memorandum of Understanding (MoU) was signed on Thursday between Mahatma Phule Renewable Energy and Infrastructure Technology Limited (Mahapreet) and NBCC (India) Limited, a Navratna company of the Union government under the Ministry of Housing and Urban Affairs, for the implementation of various infrastructure projects.

Under this MoU, Mahapreet and NBCC will collaborate to meet the housing needs of Mumbai city.

According to the state government release, NBCC (India) Limited is engaged in the field of large housing projects, construction of IT buildings, as well as conceptualisation, implementation and financing of infrastructure projects in the country and abroad.

On the other hand, Mahapreet is implementing PMAY and affordable housing projects in major projects like the Thane Cluster Development Project, Bhiwandi Municipal Corporation and Chandrapur Municipal Corporation.

Mahapreet will implement around 56 slum rehabilitation (SRA) projects in Mumbai. The Mumbai Metropolitan Region Development Authority and various private cooperative housing societies in Mumbai City, in particular, have been in talks with Mahapreet for the redevelopment of their areas.

Mahapreet is focusing on ESG compliance, adoption of clean and green energy norms, waste recycling, decarbonised materials, latest and eco-friendly resilient construction technologies, national eco-friendly standards, creation of employment opportunities for the weaker sections of the state and international standards for project monitoring.

Mahapreet is the leading company for the implementation of projects. Also, considering the benefits of expertise and skills of Mahapreet and NBCC (India) Limited, both the government agencies have decided to implement projects on the PMC (Project Management Consultancy) or EPC (Engineering Procurement Construction) basis on projects of common interest.

Mahapreet Managing Director Bipin Shrimali said: “The collaboration between NBCC and Mahapreet will help in redevelopment work and will provide an opportunity for the redevelopment of housing complexes. Also, since the central government agencies have the option to select developers, the redevelopment work will be done as per the rules of the state government.”

NBCC Chairman and Managing Director KP Mahadevswamy said, "With the joint collaboration of NBCC (India) Mumbai and Mahapreet, redevelopment projects will be implemented in the Mumbai area. Similar projects will also be jointly implemented in New Delhi and other states.”

--IANS

sj/dan

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

EntertainmentKaran Tacker skips birthday celebrations, stands in solidarity with security forces, countrymen

NationalIAF Sergeant, BSF Sub-Inspector martyred in cross-border firing by Pakistan in Jammu

InternationalDelhi airport issues fresh passenger advisory amid India-Pak tensions

NationalDelhi airport issues fresh passenger advisory amid India-Pak tensions

NationalDG BSF, personnel pay tribute to martyred soldier killed in Pak cross-border firing in Jammu

National Realted Stories

NationalSearch op launched to nab intruder after soldier injured in firing at Jammu's Nagrota Army station

NationalPak PM Shehbaz Sharif addresses nation after ceasefire agreement amid violation of deal across LoC, IB

National'War is not India's choice': NSA Doval speaks to Chinese Foreign Minister Wang Yi amid India-Pak tensions

NationalMP govt to organise regional agri-conclave in Narsinghpur, Satna

NationalFour bail jumpers nabbed in Gurugram