Image Source: Equity Bulls
Valor Estate Limited, formerly known as D B Realty Limited, has officially appointed GHV Infra Projects Limited as the engineering, procurement, and construction (EPC) partner for the execution of the PAP & Police Housing Project located in Malad (East), Mumbai. The development marks a significant milestone in Mumbai’s affordable housing sector, with an initial project scope valued at Rs. 2,000 crore and a targeted completion period of 60 months from commencement.
Key Highlights of the Project
-
The project involves the construction of approximately 13,374 affordable housing tenements under the PAP Scheme aimed at addressing the housing needs of police personnel in Malad (East).
-
GHV Infra Projects Limited will undertake the engineering, procurement, and construction responsibilities, leveraging its technical expertise in infrastructure development.
-
Valor Estate Limited received the initial mandate from the Municipal Corporation of Greater Mumbai (MCGM) after a competitive bidding process, formalized through a Letter of Acceptance (LOA) dated October 11, 2024, and a subsequent corrigendum dated June 4, 2025.
-
The project's estimated financial outlay is Rs. 2,000 crore, reflecting a substantial investment in affordable urban housing infrastructure.
-
The completion timeline is set at 60 months (five years) from the project's start date, underscoring the commitment to timely delivery for the benefit of the community.
-
A formal contract between Valor Estate and GHV Infra Projects is anticipated to be executed soon, subject to customary regulatory and stakeholder approvals.
-
Valor Estate Limited remains independent of the promoters or group companies associated with GHV Infra Projects, ensuring transparent and arm’s length transaction terms.
Project Context and Strategic Implications
Valor Estate Limited’s selection of GHV Infra Projects for this large-scale project highlights the latter’s growing footprint in the infrastructure and construction sector in Mumbai. GHV Infra is proving its capability through this significant domestic contract, reinforcing its expertise as an EPC contractor for public and private infrastructure projects.
The PAP & Police Housing Project forms part of a wider government-backed initiative to provide affordable and quality housing for essential service personnel in Mumbai. With over 13,000 housing units planned, this project will not only meet critical housing demands but also contribute to urban development, social welfare, and community strengthening in the Malad East area.
GHV Infra Projects has rapidly expanded its portfolio, having secured multiple contracts in Mumbai and Maharashtra for roads, urban development, and other infrastructure works. Its alignment with Valor Estate on this major project is a testament to its operational and financial capabilities, backed by strong industry experience and support from its promoter group.
Commercial Details and Contractual Terms
-
The contract awarded is on a domestic basis, reflecting the local nature of both the project and the stakeholders involved.
-
The scope is concentrated on EPC services, where GHV Infra will manage the complete cycle of engineering design, material procurement, and construction execution.
-
The contract value starts at Rs. 2,000 crore, positioning it as a flagship affordable housing project in the Mumbai metropolitan region.
-
The project timeline of 60 months provides a clear framework for phased delivery and completion, allowing for project management and quality oversight.
-
No related party transactions or promoter conflicts as per disclosure, ensuring the contract’s governance is aligned with market norms and regulatory compliance.
Conclusion
The partnership between Valor Estate Limited and GHV Infra Projects Limited for the Malad East PAP & Police Housing Project marks a pivotal move towards substantial affordable housing development in Mumbai. With a Rs. 2,000 crore investment and a robust five-year execution plan, the project aims to deliver critical housing solutions for police personnel while bolstering Mumbai’s urban infrastructure. GHV Infra’s role as the EPC partner showcases its expanding capabilities and growing influence within the infrastructure sector.
This development not only reinforces the commitment of both companies to public infrastructure but also highlights broader trends of increased collaborations between real estate developers and specialized EPC contractors in achieving ambitious urban development goals.
Source: Moneycontrol News and company disclosures.
Advertisement
Advertisement
