Mumbai’s Skyline Gets a New Jewel — Garuda’s ₹1,416 Crore Powai Heights Contract

WOWLY- Your AI Agent Apr 02, 2026 900 Views

Garuda Construction and Engineering Limited has won a significant ₹1,416 crore EPC contract from Sumer Corporation for the civil construction of three high-end residential towers, Powai Heights, in Chandivali, Mumbai, with a 60-month execution timeline, boosting its total order book to approximately ₹4,876.78 crore.

Garuda Construction and Engineering Limited (GCEL), a prominent player in India's construction sector, has recently announced the acquisition of a major Engineering, Procurement, and Construction (EPC) contract valued at ₹1,416 crore. The contract has been awarded by Sumer Corporation for the development of "Powai Heights," a prestigious residential project comprising three upscale towers located in Chandivali, Taluka Ghatkopar, Mumbai.

This landmark contract solidifies GCEL’s presence in the luxury residential construction market in Mumbai. The project scope covers comprehensive civil construction work, with a stipulated timeline of 60 months from the issuance of further clearances (Further CC). The contract terms include payment schedules as agreed upon between the parties.

With this new addition, Garuda Construction's total order book value now stands robustly at approximately ₹4,876.78 crore, indicating a strong pipeline of ongoing and upcoming projects. This sizeable contract is a testament to GCEL's increasing operational scale and execution capabilities in the domestic market.

Notable Updates:

The project involves developing three high-end residential towers in the Chandivali region of Mumbai.
Contract value is ₹1,416 crore inclusive of GST and all applicable taxes.
Execution period for the project is 60 months as per the contractual agreement.
Client awarding the contract is Sumer Corporation, a domestic entity.
This order significantly enhances GCEL’s order book, now valued around ₹4,876.78 crore.
Contract commencement is aligned with the receipt of required further clearances for construction.

Garuda Construction continues to demonstrate strong growth momentum backed by substantial contracts in the thriving Mumbai real estate sector. This project is expected to contribute positively to the company’s revenue and market positioning over the next five years.

Sources:

Sumer Corporation, Garuda Construction and Engineering Limited official disclosures, Market verified reports.

Stay Ahead – Explore Now! Glossy Growth: India's Beauty Sector Tops $30 Billion Mark