Capacite Infraprojects has intimated to the exchanges that a consortium of Capacite Infraprojects Limited (Lead Member), Tata Projects Limited and CITIC Construction Co Ltd, has received Letter of Acceptance from Mumbai Housing and Area Development Board (a MHADA Unit) for total contract value of 11,744.26 crore for redevelopment project of BDD Chawl on CTS No. 1539 & 1540 at Lower Parel Division at Worli, Mumbai- 400 018.
The special purpose vehicle will be created for the execution of the project wherein Capacite Infraprojects Limited will have 37.1% share worth [ 4,357.12 Crore], Tata Projects Limited 36.9% and CITIC Construction Co. Ltd. will have 26% share.
The project involves Technical designing (structure service + infrastructure), co-ordination and construction of rehabilitation/ sale/ commercial / amenities / any other structure along with construction of Habitable temporary transit camps, work of on-site, off-site infrastructure and landscaping & performing various co-ordination activities.
Capacit’e Infraprojects Limited is a leading building construction Company having presence in MMR, NCR, Bengaluru, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super high rise buildings. The key clientele includes Oberoi Constructions, Godrej Properties, Saifee Burhani Upliftment Trust, Tata Trust, Brookfield Asset Management, Kalpataru, Lodha Group, Rustomjee, Emaar, Sattva Group, The Wadhwa Group, Prestige, Purvankara, Brigade Enterprises among others.