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L&T Construction Bags Major Housing Order from CIDCO

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The Buildings & Factories business of Larsen & Toubro (L&T) Construction has won a major* contract to build residential project and related infrastructure for City and Industrial Development Corporation of Maharashtra Ltd (CIDCO). It shall be a fast track project with on-site infrastructure works in Navi Mumbai.

About the Project: The project is under Pradhan Mantri Awas Yojana (PMAY). 23,432 dwelling units are to be built for Economically Weaker Section (EWS) and Low-Income Group (LIG). The buildings may vary from 13 to 20 storeys.

Project Classification: The classification done by L&T for the order value is “Major”*.

*As per the company’s press release dated 9th September 2019.

Classification Significant Large  Major  Mega
Value in ₹ Cr.1000 to 25002500 to 50005000 to 7000> 7000

About PMAY (Pradhan Mantri Awas Yogna): It is an initiative by the Government of India for building affordable houses for urban poor. The target of the government is to build 20 million affordable houses by 31st March 2022.