Lavasa: What's the Future of this Failed Megaproject

Lavasa city was a proposed luxury hill town located between Pune and Mumbai, with five towns, luxury bungalows, and recreational activities.
The project was stopped due to political irregularities, lack of proper permissions, and not following environmental clearance rules.
The failure of the project left many investors and property buyers at a loss, and the city was abandoned and turned into a tourist spot.
In 2021, bids were invited for the revival of the Lavasa corporation, and Mumbai based Darwin platform infrastructure Ltd won the bid for 1,814 crore rupees.
DPIL plans to make Lavasa a tourist town and an educational hub, and has initiated negotiations with US universities to set up their campus in the city.
DPIL is focused on obtaining environmental clearance and avoiding repeating the same mistakes that led to the project's downfall before.

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