Neel AcharyNCCCL Secures Repeat ₹112.5 Crore Mandate for First Residential Tower at Lodha’s 200+ Acre Mandwa, Alibaug Development
Mumbai, Jan 05: New Consolidated Construction Company Limited (NCCCL), one of India’s long-established engineering and construction companies, has received a Letter of Award from Lodha Developers Limited for the construction of Tower 1 and associated ancillary structures at Lodha Alibaug, the group’s large-format residential township at Mandwa, Alibaug.
The project marks the first residential tower within the expansive 200+ acre development and forms part of Phase 1 of the township. NCCCL’s scope of work includes reinforced cement concrete (RCC) construction, encompassing the project’s core structural package among the most execution-intensive and schedule-critical components of a high-rise residential development.
Awarded through a competitive bidding process, the mandate covers a total built-up area of approximately 7.26 lakh sq. ft., with an estimated contract value of ₹112.5 crore (excluding GST). The project configuration comprises a G+3 podium with 35 upper floors, along with overhead tanks (OHTs), lift machine rooms (LMRs), and G+3 non-tower ancillary structures.
Commenting on the award, Mahesh Mudda, Vice Chairman and Managing Director, NCCCL, said:
“This mandate reinforces the depth of our working relationship with Lodha Developers. Selection through a competitive process reflects the importance placed on execution capability, planning discipline, and governance across extended construction cycles. Our prior engagements have established credibility on these parameters, enabling continued repeat collaboration.”
Construction will be executed using a monolithic RCC system with aluminium formwork (Aluform) a methodology widely adopted for high-rise residential projects requiring speed, consistency, and structural precision. NCCCL’s extensive experience with this system across comparable developments underpins its execution strategy for the project.
Himanshu Vakharia, Executive Director Operations, NCCCL, added:
“Large residential developments demand sustained execution reliability over long timelines. Our experience across asset classes and geographies enables us to integrate engineering coordination, workforce preparedness, quality controls, and process discipline to deliver predictable outcomes—factors that continue to earn the confidence of established developers.”
This marks NCCCL’s third engagement with the Lodha Group, following the successful completion of a residential project at Palava spanning approximately 13 lakh sq. ft. across 11 towers, as well as a commercial building in Thane. Construction at the Mandwa, Alibaug site is expected to commence mid-January 2026, with an estimated execution period of 24 months.
