Reliance Industries to set up megacity near Mumbai
Real Estate

Reliance Industries to set up megacity near Mumbai

Reliance Industries is planning to build a megacity in Mumbai. The company is reportedly in its final stages of developing a layout for setting up a megacity in the financial capital of the country. 

Earlier, the plan was to set up a megacity in Navi Mumbai. The idea had reportedly come from the founder of Reliance Group, Dhirubhai Ambani. However, Mukesh Ambani’s megacity is expected to fetch an investment worth of $75 billion in the span of 10 years. On an exceptional large scale, the megacity will be reportedly largely similar to the manner in which Reliance Jio Infocomm and Reliance Industries’ Jamnagar refinery were set up.

Reports suggest, the megacity will include a sea link connectivity, an airport and a port. The city is to be developed on the lines of Singapore and the completion of the project is expected to accommodate more than 0.5 million people and thousands of businesses. The megacity may also lead to reverse migration as the property prices in the new city are expected to be lower than that in Mumbai.

That said, the launch of Ambani’s megacity, is expected to recast the entire urban infrastructure scene in India. In terms of affordability and quality of the product, Mukesh Ambani's megacity could reportedly match the Reliance Jio phenomenon.

The megacity will be developed by Reliance Industries. Also, the enterprise is expected to be responsible for the city administration after the accomplishment of the project in order to reduce the red tape, transaction time and cost of the project as the project has already obtained the approval of special planning authority.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Reliance Industries is planning to build a megacity in Mumbai. The company is reportedly in its final stages of developing a layout for setting up a megacity in the financial capital of the country. Earlier, the plan was to set up a megacity in Navi Mumbai. The idea had reportedly come from the founder of Reliance Group, Dhirubhai Ambani. However, Mukesh Ambani’s megacity is expected to fetch an investment worth of $75 billion in the span of 10 years. On an exceptional large scale, the megacity will be reportedly largely similar to the manner in which Reliance Jio Infocomm and Reliance Industries’ Jamnagar refinery were set up.Reports suggest, the megacity will include a sea link connectivity, an airport and a port. The city is to be developed on the lines of Singapore and the completion of the project is expected to accommodate more than 0.5 million people and thousands of businesses. The megacity may also lead to reverse migration as the property prices in the new city are expected to be lower than that in Mumbai.That said, the launch of Ambani’s megacity, is expected to recast the entire urban infrastructure scene in India. In terms of affordability and quality of the product, Mukesh Ambani's megacity could reportedly match the Reliance Jio phenomenon.The megacity will be developed by Reliance Industries. Also, the enterprise is expected to be responsible for the city administration after the accomplishment of the project in order to reduce the red tape, transaction time and cost of the project as the project has already obtained the approval of special planning authority.

Next Story
Infrastructure Transport

Banihal Bypass Started, Milestone Achieved By NHAI On NH44

The National Highways Authority of India (NHAI) has achieved another milestone on the Jammu-Srinagar four-lane highway after nearly four years of construction. The NHAI has completed the Banihal Bypass, and one side of the bypass was opened for traffic following a post by Union Minister for Road Transport and highways Nitin Gadkari on his official X handle. Traffic has been allowed from Jammu to Srinagar on one tube of the much awaited Banihal bypass.Project head of Banihal bypass from NHAI Kumar Jainendra told Greater Kashmir that the full public cooperation and support from locals was u..

Next Story
Infrastructure Transport

Hyderabad: Rs 70 Bn Sanctioned For Road Infra Works

As part of the Hyderabad City Innovative and Transformative Infrastructure (H-CITI) program the state government sanctioned Rs 70 billion for 38 works, including the construction of flyovers, underpasses, and road-over-bridges (ROB) to ease the traffic in various parts of Hyderabad and its nearby municipalities. As part of the Strategic Road Development Programme (SRDP) initiated by the previous BRS government, several flyovers and road infrastructure projects were taken up mostly under the limits of the Greater Hyderabad Municipal Corporation (GHMC). Out of the 42 works under SRDP, 36 projec..

Next Story
Infrastructure Transport

India's Second Cable-Stayed Bridge to Be Built In Howrah

Eastern Railways is set to construct India’s second cable-stayed steel deck bridge in Howrah, aimed at easing traffic congestion on the Howrah Bridge. The new bridge will span the existing GT Road route, linking Howrah Station with the Howrah Bridge. The new structure is a response to the rising volume of vehicular traffic, which has been placing significant strain on the 75-year-old Howrah Bridge, leading to regular traffic jams and delays.The new cable-stayed bridge will feature a four-lane design and will measure 134 m in length, an expansion from the existing 60 meters of the Chandmari B..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000