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The project of Development of Integrated Complex at Seawoods Railway Station involves development of about 16.5 hac (41.25 acres) with FSI 1.5 along-with development of the railway station. The project was taken up with the objective of creating a landmark development in the Mumbai Metropolitan Region.
Upon detailed tendering process, in which reputed National firms along-with International tie-ups, had participated, the Corporation has selected M/s L&T Limited to develop this prestigious project at their highest quoted cost of Rs. 1809 Crores.
Out of the lease premium of Rs.1809 Crores, M/s L&T has paid the upfront payment of Rs. 724 Crores and also deposited Rs. 35 Crores as Deposit towards railway station development. The Development Agreement was signed on April, 21, 2008.
M/s L&T Ltd has started the construction work.
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