23 May 2018

Table of Contents for Ticker Tape





Construction

REAL ESTATE SECTOR TO BOOST IN 2018

 

The real estate sector is set to get a massive fillip as the year 2018 is to bring in the implementation of policies such as the enactment of Real Estate Regulations and Development Act (RERA). This is expected to flush out all the negativities gathered by the sector in the last two years. RERA has upped the ante in the institutionalisation of real estate sector and has helped in generating a long lost trust for the buyers. In the wake of the booming infrastructure development projects, there is a growing demand for the real estate throughout the country even from the tier-II and tier-III cities. Infrastructure for rapid urbanization is not restricted to the construction of roads and huge bridges, but is about the availability of basic amenities and sufficient social infrastructures —healthcare centers, parks and recreation centers. The year 2018 is expected to bring in a new wave of optimism for the Indian real estate sector which has faced a rough weather in the recent times. The real estate buyers, particularly the end-users, will be back to take the plunge and go with the best real estate brands. The despondency has already given way to optimism and so the buyers are here to shed their reluctance to invest in real estate sector.

 

 

 

UNITY INVESTS `3,000 CRORE IN KAROL BAUG PROJECT

 

Realty firm Unity group has entered into the residential segment with an investment of `3,000 crore for a housing project in Kaorl Baug. Reports suggest that around 2,500 flats will be developed by the company. The project, titled ‘The Amaryllis’is a 40 acre project which has tied up with global fashion house Gianni Versace to build branded homes in two 45-storeys twin towers, touted as tallest in the city with over 182 metre height. This project is being developed as a joint venture along with DCM group. The land was previously used by the the DCM group for housing accommodation of workers in Delhi Cloth Mills. Unity Group is a group with diversified interests in commercial, residential, educational, hotels automobile dealerships, marble and healthcare.

 

 

 

IL&FS ENTERS INTO RESIDENTIAL SEGMENT

 

IL&FS Group recently announced that it has entered into the residential real estate segment through its affordable smart homes project in GIFT City, Gandhinagar. This is done by the company through its subsidiary IL&FS Townships & Urban Assets. As per a statement by the company, it will offer affordable smart homes so as to catch up with the growing aspirations of the low and mid-income segment population of the country. The Group has set a target of developing 10,000 homes in the next 5 years and will be looking for joint venture and public private partnership (PPP) opportunities in the micro markets that are potential hubs for massive housing projects. The company is looking forward for the finalisation of land parcels in Chennai, Hyderabad, Alwar and Bengaluru. Reports also suggest that the company will be giving its capabilities a check by entering in the multi domain infrastructure order to provide low cost affordable housing with improved services.

 

 

 

NBCC SIGNS MOU WITH SDI BHUBHANESHWAR TO EXPAND SKILL DEVELOPMENT INITIATIVES

 

NBCC (India) Ltd under the Ministry of Housing and Urban Affairs has signed a Memorandum of Understanding (MoU) with the Skill Development Institute (SDI) Bhubaneswar for the construction of the institute which will facilitate empowering of youth in Odisha with relevant skill sets and train them in various disciplines. The MoU was signed between Yogesh JP Sharma, Executive Director (Engg.) on behalf of NBCC and N.N. Rao, CEO, SDI Bhubaneswar in presence of Shri Ranjan Kumar Mohapatra, Director (HR), IOCL and Chairman, SDI Bhubaneswar. The first phase of the project spans around 60,000 sqm costing around `300 crore. The second phase that is coming up will be having an area of 1.2 lakh sqm amounting `600 crore. The construction consists of the entire academic block, administrative block, cafeteria, workshops area, hostel with total 1400 rooms capacity, faculty residencies, Gymnasiums, Indoor and outdoor games, parking spaces, etc.

 

 

 

ASTER DM HEALTHCARE TO CONSTRUCT `400 CRORE HOSPITAL IN CHENNAI

 

Aster DM Healthcare, a leading healthcare service provider in India, has entered into an agreement with Subramanya Constructions & Development Company Limited (SCDC), to construct a new hospital in Chennai. This 500 bed hospital is expected expected to be commissioned in 2020, has been built at an estimated cost of `400 crore. The new flagship hospital is expected to offer state-of-the-art to the people of Tamil Nadu and similarly add to the expansion of the company’s market in India. Aster DM Healthcare operates 11 hospitals in South India with 4037 installed beds and has its presence in 9 countries.

 

 

 

IL&FS RAISES `100 CRORE UNDER PE BUSINESS

 

Infrastructure Leasing and Financial Services (IL&FS) Ltd through its PE business is raising a new infrastructure fund worth `100 crore. IL&FS Investment Managers Ltd houses the private equity business of of IL&FS group. The funds managed by IIML span general purpose private equity, real estate and infrastructure. The fund was launched around nine months ago and the company is in advanced discussion to close an anchor investor for the fund. Reports suggest that the anchor investor is a large foreign institutional investor. It is expected that the firm will tie up commitments for around 25- 30 per cent of the corpus in the next four to six months. Global infrastructure fund I Squared Capital, founded by former Morgan Stanley senior executives and Australia’s Macquarie Infrastructure and Real Assets (MIRA) are some of the other infrastructure-focused funds active in India include global.

 

 

 

INDIA'S GETS ITS FIRST COMPREHENSIVE REAL ESTATE DEVELOPER SOLUTIONS PLATFORM BY JLL

 

JLL India recently launched a horizontal platform— Developer Solutions, a service catering to the real estate developer community. The new Developer Initiatives service line will have presence across cities, in order to ensure effective Solutions Development and Key Account Management. The platform will be headed by Siva Krishnan, Managing Director, Developer Solutions. This platform has led to the formation of a new SBU - Developer Initiatives, combined with JLL's highly in-demand Land Services and Strategic Consulting practices, all of which will be brought together under a single platform. Developer Solutions will provide the clients of JLL with an access to make the most of the unique solutions by JLL.

 

 

 

INDIABULLS REAL ESTATE- ORICON ENTERPRISES INK PACT FOR WORLI PROJECT

 

Indiabulls, a wholly-owned subsidiary of Indiabulls Real Estate recently entered into pact with Oricon Enterprises. The project involves the joint development of a commercial building in Worli, Mumbai. A non binding term sheet has been executed by the owner along with Oricon Enterprises, which owns around 0.9 acre land parcel situated at Dr. E. Moses Road in Worli. Indiabulls Infraestate is set to bag the ownership rights of a leasable area spanning around 2.55 lakh sq ft after the definitive agreements are executed. Reports suggest that the deal is likely to be completed in a span of 3-4 months and is expected to enhance the company’s annuity revenue to `1,547 core in FY 20-21.   

 

 

 

RUSSIAN IT FIRMS TO SUPPORT SMART CITY INITIATIVE

 

The evolving partnership of India and Russia in the area of IT software and hardware solutions is expected to go beyond traditional and is expected to provide support Indian governments smart cities and infrastructure programs. This was approved after Russia’s Russoft Association of software and Indian counterpart Nasscom entered into a formal partnership. The support would extend to areas of smart cities and mega infrastructure initiatives. It is expected that the Indian companies having expertise and skills in project management would join hands with Russian companies with an expertise on developing customized technology solutions. Russoft includes Russian specialised firms Bee Pitron who are ready to assist India’s smart city programs. Russia’s software exports stand at $7.5 billion a year, and is known to have a range of modern IT-related technologies that are available only with the US and China.

 

 

 

DOSTI-SURAKSHA JV ACQUIRE JAYPEE INFRA

 

Lakshadweep Pvt Ltd, a joint venture of Suraksha Asset Reconstruction Company and Mumbai-based Dosti Reality is all set to acquire Jaypee Infratech for a sum of `7,350 crore. Jaypee Infratech is to deliver around 25,000 apartments in Noida and is the operator of the Taj Expressway. The transaction will result in delisting the company as almost the entire equity capital of Jaypee Infratech is set to be written off. The JV has outrun other bidders such as Adani Group and a consortium that includes Kotak Realty. Jaypee Infratech has outstanding loans of about `8,500 crore. Through the JV, it is expected that the banks can recover over 80 per cent of their dues. Lakshadweep will make an upfront payment of `1,200 crore. The company has earmarked `4,000 crore to be paid from the sale of land and another `2,000 crore will be converted into long-term non-convertible debentures. Reports suggest that the JV will have to complete the unfinished flats in Noida, which faces a shortfall of about `2,000 crore.

 

 

 

GREEN BUILDING PRODUCTS TO HAVE GREAT POTENTIAL

 

The market for green products is estimated to grow at over `18 lakh crore by 2022. This is as a result of over 350 products having secured green product ratings. The products falling in this category include cement, glass sanitaryware and other materials which are used in the development of green buildings due to them being not just environment friendly, but also energy-efficient in the long term. Currently, with over 350 products having certified, the number is expected to cross over 400 and even go past the 500-mark. In order to bring in more effective usage of such products, a Greenpro-Green Product certification has been launched which is a maiden eco label for products in the building category. The evaluation of the products is based on a life-cycle based approach. Till date, products certified include- ACC Cement, Nippon Paints, Saint-Gobain Glass, Asahi India Glass, Godrej Furniture and Visakha Industries.

 

 

 

PENINSULA LAND VENTURES INTO AFFORDABLE HOUSING WITH PUNE PROJECT

 

Peninsula Land Ltd, a firm of the Ashok Piramal Group, a name in the luxury residential projects in Mumbai has entered in affordable housing segment with its first such project in suburban Pune. A land parcel in Gahunje, spanning 50 acre, which was to be developed into an information technology special economic zone, will now be developed as a housing project. As per reports, around 1,000 units have been launched in the first phase of the project — address One that will stand 51 four tall. One bedroom homes will be sold at a starting price of `18 lakh, going up to an all-inclusive price `38 lakh for a 700 sq. ft three-bed apartment. Affordable housing has been the flavour of the season with several developers venturing into this space due to the potential sales that these projects may generate and to tap into the incentives that the government has doled out in the recent past.




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