24 June 2018

Table of Contents for Ticker Tapes

Ticker Tapes


Godrej Properties ties up with the Taj Hotels Palaces Resorts Safaris, to develop “The Trees”, a world class luxury hotel as its flagship project at Vikhroli in Mumbai. This property offering about 150 guest rooms and suites will be managed by the Taj hotel. This is a 35-acre mixed-use project comprising housing, office, retail and hospitality. Godrej Properties, is developing 133 million square feet in 12 cities and the Taj group comprises of comprising 99 hotels in 62 destinations across the globe.




Riding India’s construction boom, Thyssenkrupp, with a 7 per cent share in the Indian elevator market, recently inaugurated a Rs.360crore, multipurpose industrial facility with an initial capacity to produce 6,000 elevator units, at its Chakan facility near Pune. This has helped the company achieve 95 per cent localisation in its manufacturing. Apart from manufacturing, the facility comprises of a distribution center and training facilities, hence called a multipurpose facility. Thyssenkrupp intends to export to Nepal and Bangladesh.




With a flourishing housing sector, home owners’ loan firm DHFL targets its loan book growth at 20 per cent, by focusing on Tier II & III cities where developers have fund constraints. It expects about 50 per cent of the lending to be in the affordable sector. Their Asset Under Management (AUM) is expected to surpass Rs.1 lakh crore. The firm reported a net profit to Rs.927crore, a total income of Rs.8,857crore, augmented by an AUM of Rs.83,560crore




Emmar India plans to raise a Rs.1,000crore debt for the completion of its 50 ongoing projects comprising of about 10,000 housing units at Gurgaon, Jaipur, Lucknow, Mohali and Chennai within the next two years by increasing their work force to 10,000 from 1000 and appointing a new project management team to expedite the projects. The realty major possesses a land bank of 6,000 acres and unsold stock of about Rs.600-700crore, mostly on Dwarka Expressway in Gurgaon.




To consolidate its share holding in India, cement giant LafargeHolcim has initiated a process that is aiming at the union of its Indian operations ACC and Ambuja cement, both of which are currently listed separately.

A special committee with a majority of independent directors has been constituted in order to commence the evaluation of the benefits of the merger. LafargeHolcim currently owns 63.62 per cent of Ambuja cement which in turn owns a 54.5 per cent stake in ACC.




The Ministry of Housing and Urban Poverty Alleviation has sanctioned one lakh additional houses for the urban poor under the Pradhan Mantri Awas Yojana (Urban) with an investment of Rs.4,200crore. This has raised the ministries construction approval count to 18,75,389 houses for the Economically Weaker Sections under PMAY(Urban) and spreads over 2,151 cities and towns in 34 States/UTs. The latest sanctions of houses have been given in Madhya Pradesh, Tamil Nadu, Manipur, Chhattisgarh, Gujarat, Assam, Kerala, Jharkhand, and Daman & Diu.




Brigade Hospitality Services Ltd. of Brigade Group plans to build about 2,000 rooms through more than 10 properties by working with global hospitality chains by 2020. It has already created more than 700 rooms through four operating hotels. The company has two properties in Bangalore and one in Cochin that are under construction, five more hotel projects on the board level and two Holiday Inn Express hotels in Bangalore that are to be ready soon.




Schneider Electric India, in partnership with IL&FS, is to develop the first Greenfield integrated smart city at Naya Raipur, the capital of Chattisgar, by using smart and intelligent technology solutions that will lead to better connectivity and efficiency in energy, building, transport, healthcare, infrastructure, governance, education and citizen services. The project requires setting up of, hardware for sensors for data collection, operating technology for controlling information, and enterprise control for the development authority to monitor and control the smart city.




Puravankara Ltd has signed a memorandum of understanding (MoU) with the Confederation of Real Estate Developers’ Associations of India (CREDAI), extending its support to the ‘Housing for All’ by 2022 mission. CREDAI is working towards the development and construction of affordable housing. Purvankara has been associated with CREDAI having been one of the first developers to pioneer the affordable housing segment in India and is keen to lend its expertise and support to the Government, industry associations and bodies.




Miniratna PSU Balmer Lawrie & Co Ltd is to invest Rs.50crore of which some Rs.33-34 crore would be pumped from the PSU’s internal accruals, for the construction of a cold chain warehouse in Delhi NCR and another at Patalganga, Maharashtra. This project has been approved for subsidy by the government. The company has one operational warehouse at Hyderabad.

Balmer Lawrie will complete the first phase of the cold chain infrastructure project once the warehouses are ready.




St Angelos VNCT Ventures launches ‘The White Villas’ project at Oragadam, near Chennai. The project is spread over 10 acres and will have 300 houses with a two-acre park, amphitheatre, play area and other sport facilities. The villas have both three bedroom houses (1225 sq ft) priced at Rs.49lakh and two bedroom houses priced at Rs.39lakh.




Ascendas-Singbridge and Sembcorp Development have jointly received the letter of award for the master development rights to the Amaravati City Start-up Area in Andhra Pradesh, India. The area lies within the 20-square kilometre Seed Development Area of Amaravati City, along the River Krishna waterfront. Spread over 684 hectares, the start-up area is to be developed in phases over 15 to 20 years. The green-field development project includes infrastructure development to prepare the site for a mix of business.




Ginger Hotels, the budget hotel chain of TATA Group has launched two hotels in Ahmedabad, thereby increasing its number of hotels in Gujarat from four to six. The new launches are located close to Mahatma Mandir in Gandhinagar and University Convention Centre in Ahmedabad, where large business events including Vibrant Gujarat Summits take place. Ginger Hotels operates 3 properties in Ahmedabad and 6 properties in Gujarat. The hotel chain has 40 hotels across India in 31 locations.




Sweden, a global leader in waste management, urban mobility solutions, smart parking systems and air filtration which are integral to the smart city plans of India, has offered its expertise and technology by suggesting a Common Plan of Action for applying its expertise and technology in promoting sustainable and green-friendly public transport solutions besides solid waste management in the developing smart cities of India. The Swedish company SCANIA would soon be operating 55 ethanol-based buses in Nagpur.




Noted real estate developer BDI has acquired the largest affordable housing project under Mukhyamantri Awaas Yojana, Rajasthan. The project, Green Park, is the largest affordable housing project in the state, catering to LIG (Lower Income Group) and EWS groups (Economically Weaker Segment).The project was earlier being developed in a joint venture. Located in Chikani, Alwar on Alwar-Bhiwadi Expressway, the Green Park project enjoys strategic location being accessible to several international schools and upcoming cargo airport in Kishangarh.




Noted realtor Elan Group has also tied up with PVR Cinemas to build a superplex with upto 18 screens. The project will come up on the seven acre of land bought by Elan Group, comprising 1.5 million sq ft area. The project will have over 500 flats and service apartments.

The company had bought land for Rs.120 crore and about Rs.400-450 crore investment will be on construction. The realtor will invest about Rs.550 crore to develop a mixed-use project in Gurugram.




IIT Kharagpur collaborates with British Geological Survey to prepare India’s first of its kind 3D model of Varanasi’s geology, to ameliorate building of new transport and service infrastructure by heeding the preservation of archaeological sites, the management of flooding hazards and the sustainability of water supplies. The project includes application of geo scientific methods. The retrieved lithological information will be used for the construction of a multi-scale 3D conceptual model of the ground beneath the city.




In order to augment its capacity in proportion to the national steel policy announced by the government, JSW Steel plans to invest Rs.19,200crore in various brownfield projects. The company plans to double its steel making capacity at Dolvi in Maharashtra, and increase the blast furnace capacity at Vijayanagar, along with the capacities of its pellet and lime calcinations plants. JSW also plans to enhance; the production of value added products, modernisation and capacity of Vasind and Tarapur downstream facilities.

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