Monarch Surveyors and Engineering Consultants Limited has secured a major contract worth ₹4.15 crore for end-to-end land acquisition and liaison activities for the Naveen Nagpur project under the Nagpur Metropolitan Region Development Authority. The project aims for seamless acquisition, documentation, and regulatory liaison with immediate commencement.
Monarch Surveyors and Engineering Consultants Limited (formerly Monarch Surveyors and Engineering Consultants Pvt. Ltd.) has been appointed as the agency responsible for end-to-end land acquisition support for the Naveen Nagpur project, managed by the Nagpur Metropolitan Region Development Authority. The comprehensive contract includes direct purchase, documentation, and close liaison with regulatory authorities for mutation and development activities.
The contract, valued at ₹4,15,40,000 (Rupees Four Crores Fifteen Lakhs Forty Thousand), underlines Monarch’s growing footprint in land acquisition and project liaison for large urban infrastructure projects. The process will begin immediately, following receipt of a letter of acceptance, and is subject to all requisite governmental approvals, with timelines as per the contract.
The deal is not a related-party transaction and does not involve any shareholding or equity acquisition; it is structured as a pure cash consideration for professional services rendered.
Key Highlights:
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Monarch appointed for land acquisition and documentation for Naveen Nagpur project.
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Project valued at ₹4.15 crore; commencement expected immediately post-acceptance.
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Full compliance with regulatory approvals and contractual timelines required.
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No related-party involvement; pure cash transaction for consulting services.
Source: Monarch Surveyors and Engineering Consultants disclosure (bseindia.com)