Appointment of Contractor for the work of Beautification of Railadevi Lake in Thane City. Phase II
Tender Specifications & Timeline
15 FieldsAward of Contract (AOC) Details
Awardee / Contractor
Believe Inra Pvt. Ltd
Award Date: 17-Sep-2026
Completion Period: 545 Days
Contract Financials & Scope
INR 991,572,141
Contract Award Info Updated 17-Sep-2026 03:18 PM by Nitin Kamble
Total Bidders
3
Winning Bid (L1)
₹104.08 Cr
Estimated Value (PAC)
₹99.16 Cr
Margin vs Estimate
0.00%
L1 to L2 Spread
+6.30%
Completion Period
545 days
AOC Award Date
17-Sep-2026
| Rank | Bidder / Contractor | Quoted Bid | Gap vs L1 | vs Estimate | Status |
|---|---|---|---|---|---|
| L1 | Believe Inra Pvt. Ltd#7178219 | ₹104.08 Cr | 0.0% (L1) | +4.96% | Awarded |
| L2 | AIC Infrastructures#7180670 | ₹105.40 Cr | +6.30% | Rejected-Fin | Rejected-Fin |
| L3 | METCONS INFRASTRUCTURE#7178555 | ₹108.97 Cr | +9.90% | Rejected-Fin | Rejected-Fin |
This urban amenities tender covers appointment of Contractor for the work of Beautification of Railadevi Lake in Thane City. Phase II, issued by Mumbai Metropolitan Region Development Authority under reference ED/RAILADEVI PH 2/2025. The estimated contract value is ₹99.16 Cr, and the tender is currently Expired. Following contract finalisation, the work has been awarded to Believe Inra Pvt. Ltd for a total value of ₹99.16 Cr.
This procurement is part of ongoing efforts by central government agencies and public sector undertakings to maintain and upgrade public infrastructure and services in Thane. Vendors interested in similar opportunities can browse other tenders from the same issuing organisation below.
2ND LOWEST BIDDER
Lowest bidder
3RD LOWEST BIDDER
| Bidder | Submitted On | Status | Fin. Value | Rank | Remarks / Logs |
|---|---|---|---|---|---|
AIC Infrastructures #7180670 | 30-Jan-2026 12:21 PM | Rejected-Finance Updated: 17-Sep-2026 03:06 PM | 1054041185.88 | L2 | 2ND LOWEST BIDDER |
Believe Inra Pvt. Ltd #7178219 | 29-Jan-2026 03:38 PM | Accepted-AOC Updated: 17-Sep-2026 03:18 PM | 1040754119.19 | L1 | Lowest bidder |
METCONS INFRASTRUCTURE #7178555 | 29-Jan-2026 05:11 PM | Rejected-Finance Updated: 17-Sep-2026 03:06 PM | 1089737782.96 | L3 | 3RD LOWEST BIDDER |
Bid Evaluation Details & Logs
technical bid opening
Date: 03-Feb-2026 12:13 PM
Officer: Nitin Kamble
Three Bid Admitted
technical evaluation
Date: 15-Apr-2026 03:19 PM
Officer: Nitin Kamble
finance bid opening
Date: 15-Apr-2026 03:31 PM
Officer: RAJENDRA DHAKATE
Three Bid Admitted
finance evaluation
Date: 17-Sep-2026 03:06 PM
Officer: Nitin Kamble
About This Procurement Notice
This Maharashtra state government tender was issued by Mumbai Metropolitan Region Development Authority. The estimated contract value is ₹99.16 Cr. Bids must be submitted by 30-Jan-2026 05:00 PM.
BiharInfraTales aggregates procurement notices from Bihar eProcurement, GeM portal, and central government tender portals. Data is refreshed every 30 minutes. Always verify details on the official portal before submitting a bid.
Frequently Asked Questions
- QWhat is the status of the tender "Appointment of Contractor for the work of Beautification of Railadevi Lake in Th"?
- The current status of this tender is "Expired". The submission deadline is 30-Jan-2026 05:00 PM. This information is sourced from official government procurement portals.
- QWho issued this Maharashtra government tender?
- This tender was issued by Mumbai Metropolitan Region Development Authority. The reference number is ED/RAILADEVI PH 2/2025. It is a Maharashtra state government procurement notice.
- QWhat is the estimated value of this tender?
- The estimated tender value is ₹99.16 Cr. This is the approximate contract value as disclosed in the official tender document.
- QWho won the contract for this tender?
- The contract for "Appointment of Contractor for the work of Beautification of Railadevi Lake in Thane City. Phase II" has been awarded to Believe Inra Pvt. Ltd with an awarded contract value of ₹99.16 Cr.
- QWhat is the final awarded contract value?
- The final awarded contract value is ₹99.16 Cr (0% above the estimated PAC of ₹99.16 Cr).