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Supreme Infrastructure India Ltd (SIIL) has secured a turnkey INR 450 crore contract to develop a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The project, part of a larger 6-acre urban renewal initiative by Brookfield-backed BSS and Rajeshwar Property Ventures, will span 1.6 million sq. ft. in Phase 1 and include residential units, infrastructure, and MEP works. SIIL will hand over the completed complex to MMRDA within three years. The broader development will eventually add 2.5 million sq. ft. of commercial and retail space. This deal boosts SIIL's order book to INR 1,725 crore, reinforcing its presence in major urban infrastructure projects.
Supreme Infrastructure India Ltd (SIIL), one of India's prominent EPC and infrastructure firms, has secured a turnkey construction contract worth INR 450 crore for developing a Project Affected Persons (PAP) housing complex in Powai, Mumbai. The contract marks a significant step in the first phase of a large-scale redevelopment project being undertaken by BSS Property Ventures and Rajeshwar Property Ventures-both majority-controlled by Brookfield-managed funds. Advertisement
The scope of the Phase 1 development covers around 1.6 million square feet of built-up area and encompasses residential flats, essential infrastructure, and mechanical, electrical, and plumbing (MEP) works. Upon completion, the PAP housing will be handed over to the Mumbai Metropolitan Region Development Authority (MMRDA). The execution timeline for this phase spans three years.
This residential development forms a substantial part of a broader 6-acre urban renewal master plan in Powai. The total development targeted in Phase 1 stands at 2 million sq. ft., while Phase 2 is expected to feature an additional 2.5 million sq. ft. of commercial and retail space. The project underlines Brookfield's long-term commitment to the transformation of this Mumbai locality.
Following this win, SIIL's cumulative order book has reached INR 1,725 crore. This includes contracts from prominent organisations like Larsen & Toubro (L&T) and other Brookfield-supported developments. The Powai project serves to consolidate SIIL's role as a key player in large-scale, urban infrastructure assignments.
A formal announcement regarding this contract has been submitted to the Bombay Stock Exchange (BSE) as part of regulatory compliance.
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