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Present Status

  • SPV Formation: ‘Raigad Pen Growth Centre Ltd.’ formed in March 2023.
  • MMRDA issued letter to 14 Global Investors, Invitation to Participate & Explore Investment Opportunities in India’s Upcoming Premier Sustainable Growth Centre Development Opportunity in Mumbai Metropolitan Region.
  • MMRDA has issued letters to ACS(Revenue), GoM with CC to ACS UDD requesting for 100% exemption in Stamp Duty in Registration of lands in the name of Raigad Pen Growth Centre Ltd (Special Purpose Vehicle).
  • Master plan prepared by Surbana Jurong under review by MMRDA.
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