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TICKER TAPE: ConsTRuCTIon bedroom (1245-1286 sq feet), be fruitful this will be Tata the country to purchase the to `500 crore in the Gujarat three bedroom (1457-1639 sq Housing’s second project in construction material at a International Finance Tec feet) apartments, duplex (2267 Ahmedabad after its tie-up with lower cost and shift to concrete City (GIFT) project over the sq feet) and pent house (3109 Arvind Ltd for an affordable roads, which are seen to be next few years. The company sq feet). The project will be housing project three years ago. more durable. As per the report has already been allotted completed in three phases, a ministry official said, though 1.1 million sq ft of built up with each phase consisting of GODREJ PROJECT AT upfront investment in case of space for development of six to seven towers with plenty BADLAPUR cement concrete roads is 15-20 residential, commercial, retail of open and green spaces. Mum bai based real per cent higher than bitumen and hospitality projects in the estate developer Godrej roads, if the price of cement special economic zone. It is ANOTHER Properties has entered into a bags can be brought down it reported that the group has AFFORDABLE FROM Development Management would be a better proposition also offered to take up for MAHINDRA Agreement to develop a development of an additional M a h i n d r a L i f e s p a c e property situated in Badlapur, SABARIMALA 1.7 million sq ft of built up Developers Ltd (MLDL), the Mumbai Metropolitan Region ROPEWAY GETS area at an investment of `600 real estate and infrastructure (MMR). The project will offer CLEARANCE crore. development arm of the $16.5 approximately 1.3 million sq Authorities in Kerala’s billion Mahindra Group, has ft of saleable area. It will be Sabarimala shrine which GMDC ACQUIRES launched the second of its developed as an affordable attracts millions of visitors LAND FOR ALUMINA Happinest project in Boisar housing project. Pirojsha every year have given PLANT located in Mumbai suburban Godrej, Managing Director & approval for the construction Gujarat Mineral Development region. Spread over 14 acres, CEO, Godrej Properties, said, of a ropeway. It is reported Corporation has activated Happinest Boisar will offer “We are happy to add this the ropeway project, to be plans to set up an alumina 1 RK, 1 BHK, and 2 BHK new project in Badlapur, which implemented on BOT basis, plant and aluminium smelter apartments in the range of 351 strengthens our development will link Pampa with Sabrimala plant by acquiring 100 ha of sq. ft. to 695 sq. ft. It is not only portfolio in Mumbai. We will and will be used to transport land in Kutch for the first phase home to Maharashtra’s largest seek to ensure that this project food and for emergency of the project. The project for MIDC (Maharashtra Industrial delivers an outstanding evacuation. Companies which 400 ha of land is required Development Corporation) lifestyle for all its residents.” shortlisted by the Sabarimala will be set up in a joint venture but also offers seamless High-Powered Committee will with the aluminium PSU. It is connectivity to Mumbai and CEMENT FIRMS be required to invest `15 crore reported, the investment will be Gujarat by local and outstation SUPPORT ROAD and implement this project in about `5,400 crore for the first trains. The proposed DMIC PROJECTS two years. Another `16 crore phase while the entire project, (Delhi Mumbai Industrial Representatives of 17 major scheme involving electricity including the aluminium Corridor) will also be in the cement manufactur ing connectivity with insulated smelter point will cost up to vicinity. The project is also companies have assured the cable network, between `12,000 crore. The capacity well situated with the railway government that they will Chalakayam, Pampa, the of the alumina plant and station, bus stands, hospitals, put lower bids to encourage trekking path and the main aluminium smelter plant will schools and colleges in close development of road projects. temple complex has also been be one million ton alumina and proximity. They have promised road approved. 0.5 million tonne aluminium transport minister, Nitin smelter, respectively. NEW TATA TOWNSHIP Gadkari to quote the lowest BRIGADE TO PUT `500 NEAR AHMEDABAD ex-factory price to road CR IN GIFT CAPACITY BOOST FOR Tata Housing, the property developers. This follows the Bengaluru based real estate TN CEMENT PLANT development arm of the Tata proposal of long-term contracts major, Brigade Group has Tamilnadu Newsprint & Papers Group, is in discussions with with cement majors across outlined plans to invest up is planning the expansion an Ahmedabad based firm of its cement manufacturing for setting up a luxury mixed unit located at Kagithapuram development township project. in Karur District. It is seeking It is reported the Tatas are to raise the plant’s capacity planning to invest in a 3 million from 600 TPD to 900 TPD at an sq ft property owned by the estimated cost of `300 million. Venus Group of Companies The cement plant will use mill near Nehrunagar and are wastage materials viz., lime discussing engagement in sludge and fly ash. The project multiple premium housing is planned to be complet by the projects. If the talks prove to end of next year. u NOVEMBER 2014|construction opportunities 57
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