Business Update28 Oct 2026, 06:20 pm
Vascon Engineers Bags ₹72 Cr Residential Project in Mumbai
AI Summary
Vascon Engineers Limited has received a Letter of Intent (LOI) from Neobridge Realty LLP for the construction of a residential building named "Astoria" in Bandra, Mumbai. The total contract value is ₹72 Crore (excluding taxes), with an execution period of 25 months. The scope of work includes shell and core construction, RCC, anti-termite treatment, and STP work, to be executed on an EPC basis. This order signifies a significant business development for Vascon Engineers in the residential construction sector.
Key Highlights
- Secured ₹72 Crore LOI for residential project 'Astoria'.
- Project to be executed in Bandra, Mumbai.
- Construction duration is 25 months.
- Order is for EPC mode construction.
- Neobridge Realty LLP is the awarding entity.
Price Impact
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