GFH/Wadhwa/ADANIENT/ACH – Mumbai Economic Development Zone: Entertainment City – Maharashtra - Project Profile
"GFH/Wadhwa/ADANIENT/ACH – Mumbai Economic Development Zone: Entertainment City – Maharashtra - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Gulf Finance House (GFH), Wadhwa Group (Wadhwa), AsiaStar City Holdings Pte Ltd. (ACH) and Adani Group (ADANIENT) are planning to undertake the Entertainment City as a part of Mumbai Economic Development Zone project in Maharashtra, India.
The project involves the construction of an entertainment city. It includes the construction of a 1,40,000 residents, commercial facilities, parking facilities, access roads, internal infrastructure, water and sanitation systems and other related facilities, and the installation of safety systems.
Jones Lang Lasalle and CBRE has been appointed as feasibility study consultants, Monarch Surveyors as surveyors, SENES Canada appointed as environmental consultant, HOK Canada as planner and Hafeez Contractor as architect..
On March 7, 2010, the ground breaking ceremony held in Mumbai.
On June 15, 2011, GFH signed a partnership agreement with Wadhwa for the first land parcel of the project.
On April 17, 2013, GFH signed a partnership agreement with AsiaStar City Holdings Pte Ltd. (ACH) for the second land parcel of the project.
On June 28, 2015, GFH signed a partnership agreement with ADANIENT to develop the project. Under the agreement, the financial group's unit Energy City Navi Mumbai (ECNM) and ADANIENT will work together in creating the master plan for the lands of second and third Phases of the project.
In August 2015, a total of US$28 million of dividends was distributed to investors from part of MEDZ project.
MEDZ has been granted access rights to the Mumbai-Pune highway.
Planning activities are underway.
The project involves the construction of an entertainment city in New Panvel, Navi Mumbai, Maharashtra, India.
The US$2,500 million project includes the following:
1. Construction of 1,40,000 residents
2. Construction of commercial facilities
3. Construction of parking facilities
4. Construction of water and sanitation systems
5. Construction of access roads
6. Construction of internal infrastructure
7. Installation of safety systems
8. Construction of other related facilities
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