Monday, September 25, 2017

Table of Contents for Ticker Tape





TICKER TAPE: CONSTRUCTION

MITSUBISHI FOR KARNATAKA ELEVATOR PLANT

Mitsubishi Elevators, a subsidiary of Japanese industrial giant Mitsubishi Electrical Corporation, has outlined plans to set up a Greenfield plant to manufacture elevators and escalators in Karnataka. The unit is being set up at Vemagal in Kolar district, 60 km from Bangalore. It is reported the investment for the project is between `150-200 crore. The company has been allotted 22 acres of land in the area which has been identified as an industrial hub. The land allocation formalities are currently in the process of completion by the KIADB. The investment by the Japanese firm follows the state government’s efforts to woo overseas companies before the Global Investors met to be held next year.

 

RAMCO PLANS AP CEMENT PLANT

The Ramco group is in the process of setting up a cement plant in Kolimigandla mandal of Kurnool district in Andhra Pradesh. The project is to come up with an initial investment of Rs.1,500 crore. The total investment is expected to touch close to Rs.3000 crore at the end of the final phase. The Chennai based company is the fifth largest cement producer in the country with 8 manufacturing units with a combined capacity of 15,5 million tone spread over Tamil Nadu, Karnataka and Andhra Pradesh. 

 

Rs.775 CR WORTH CONSTRUCTION ORDERS FOR L&T

L&T’s Buildings & Factories Business has bagged orders worth Rs.775 crores which consist of two new orders and a few additional orders from on-going jobs. The first order is from a private developer for the construction of a resort in the western part of the country. The project includes construction of standard resort villas. The company’s scope  involves civil, structural, interior finishes, electrical, plumbing and all other allied works.  L&T has also bagged another order from one of India’s leading ATM manufacturers for the construction of their manufacturing and assembly facilities at Jaipur. The project will involve civil, structural, finishes and other associated works.

 

LOTUS GREEN HOUSING FOR Rs. 4400 CR

A NCR based real estate firm Lotus Green has launched four projects collectively worth over Rs.4400 crore. The projects coming up near Noida are Lotus Arena which targets sports and health enthusiasts, Lotus Isle which is a mixed use development which offers service residences, Woodview Residences which is low rise terrace homes project at Gurgaon and the relatively affordable  Lotus Parkscape, a 50 acre project coming up on the Yamuna Expressway which offers home starting at Rs.30 lakh. The four projects together will have a combined capacity of around 5000 units, it is reported.

 

KHB FOR 800-ACRE TOWNSHIP

Authorities in Karnataka have cleared a plan to build a new 800 acre township as a part of its mission to decongest cities and towns. The project is being constructed at Tubinakere which is located along the Bengaluru Mysore corridor between Mandya and Srirangapatna. The project was cleared following a a survey which found that there was a lot of dry land  which could be used. The place was also considered  suitable since it is well connected by train, is located on the national highway and falls under the ambit of the Karnataka Industrial Areas Development Board Industrial Layout. It is reported the Karnataka Housing Board will execute the project.

 

GODREJ PROPERTES PROJECT IN NAGPUR

Godrej Properties has the first phase of the integrated township project in Nagpur. Godrej Anandam is a residential development built over 22 acres. The first phase of the project which comprises approximately 200 apartments over 3 towers has recently received an occupancy certificate from the Nagpur Municipal Corporation. It is reported bookings for Phase II of the project, which comprises 2, 3 and 4 BHK luxury apartments and penthouses are currently open.

 

GMR TO BUILD HY’BAD CONVENTION CENTRE

The GMR group has chalked out plans to construct an expo-cum-convention centre in Hyderabad. The project to come up on a 50 acre plot near the Rajiv Gandhi International Airport will involve an investment of Rs.750 crore. It is reported the Airport City project will provide jobs to 15,000-20,000 people.

 

CIDCO LOW COST HOMES IN NAVI MUMBAI

In what is decidedly good news for home buyers who will welcome the increase of housing stock the City and Industrial Development Corporation (CIDCO) has announced that it will use the 100 acre plot previously allotted to the Videocon Group in Navi Mumbai for a special economic zone for a Special Economic Zone (SEZ) to achieve its previously decided target of constructing 10,000 new low cost homes. It is reported close to 60 acres of land is located at Dronagiri and the remainder in Karanjade and Kamothe, locations which are in close proximity to the proposed Navi Mumbai International Airport. The houses are released through CIDCO’s lottery system. 
 

MARIOTT TO GROW INDIA FAIRFIELD BRAND

Hospitality major Mariott International has outlined plans to expand its Fairfield brand within the country. Towards that end it is looking to set up 13 Fairfield hotels within the next three years. The group has one property in Bengaluru, the 148 room Fairfield Bengaluru Rajajinagar which became operational last year and is looking at a pipeline of 12 hotels by 2017. It is reported the US headquartered hotel chain is currently looking to develop properties in Bengaluru, Sriperumbedur, Indore, Katra, Goa, Kathmandu, Belgaum, Kochi, Jodhpur, Lucknow, Surat and Amritsar which will add 1,863 more rooms to its existing portfolio.

 

IDCO SEEKS NOD FOR Rs.8000 CR CORRIDOR

The Odisha Industrial Infrustructure Development Corporation (Idco) has sought permission to acquire 476.51 acres of private land and leasing of 302.05 acres government land for the first phase work of a Rs.8000 crore infrastructure corridor project. The project is being planned for the coal rich Talcher Coalfields to ensure smooth evacuation of coal. It is reported Rites Ltd, the technical consultant for IDCO has furnished the corridor alignment for 11 revenue villages for extension of the main corridor upto Mandakini loading point. In the final analysis a total of 6200 acres will have to be secured for the Rs.1240 crore project. It is being assessed that 143 km corridor in the Talcher coalfields will be under the command area of Mahanadi Coalfields Ltd (MCL), will connect to railheads at three locations and will handle coal traffic in excess of 100 million ton every year.
 

MAHA LOOKS AT JAP FUNDS FOR VERSOVA LINK

Authorities in Maharashtra are looking at the prospect of funding from the Japan International Cooperation Agency (JICA) for the ambitious Rs.5,975-crore Bandra-Versova sea link project. State-run road development corporation Maharashtra State Road Development Corporation (MSRDC) is now seeking out the agency for financial support to give pace to the ambitious 9.3 km Sealink. Incidentally the Japanese institution has been instrumental in supporting key projects like the multi-billion dollar Delhi-Mumbai Industrial Corridor (DMIC) and the upcoming Rs.23,136-crore 32.5 km Colaba-Seepz Metro project. It has also expressed its readiness to offer financial support to the Mumbai TransHarbour Link (MTHL). The Bandra-Versova sea link is proposed to be developed on a public private partnership model and will be a tolled project.

 

HCC-RUSSIAN FIRM PREQUALIFY IN MUMBAI METRO PHASE

A consortium of OSJC Moscow Metrostroy and Hindustan Construction Company has been selected in the pre-qualification bid stage for the Mumbai metro project. This involves work on the 32 kilometre line which will connect Colaba to SEEPZ. It is reported the Indo-Russian consortium will compete with several Chinese companies as well as the constructor of the Kiev Metro, Kyivmetrobud, which is making a bid with Afcons Infrastructure.The project is expected to cost $4 billion and will connect Mumbai’s main business districts such as Cuffe Parade, Nariman Point, Girgaum, Bandra-Kurla Complex and SEEPZ.

 

PRIDE WORLD CITY FOR PUNE

The Pune based Pride Group has announced the launch of its mega city township Pride World City. The project is coming up at Charholi, near the Lohegaon airport on 400 acres of land.Pride World City is being developed with investments of Rs.6,000 crore in construction and an additional Rs.500 crore in infrastructure. While the project encompasses 25 million square feet of built-up area 20 million square feet have been allotted to residential property developments consisting of 20,000 units. The residential offerings include 1-4 BHK ultra-modern apartments in towers ranging from 12-30 storeys, as well as lavish Marina-facing bungalows. The balance 5 million square feet will account for commercial spaces which will include a Business and Tech Park, a mall and multiplex, a 5 star hotel and IT SEZ, among others. PWC’s first phase will be ready for possession in two years’ time.

 

CAPACIT'E INFRAPROJECTS BAGS THE TIRUMALA HEIGHTS AND THE BISHOPS GATE PROJECTS

Capacit'e Infraprojects Limited has been awarded the Construction of Super High Rise Residential Tower “Tirumala Heights” at Andheri, Mumbai, by M/s Transcon Developers Pvt. Ltd.  The Project entails construction of about 6.73 lakh sqft, at a Contract Value of Rs.124.54 Cr. The scope of work includes construction of high end Residential Building comprising Lower Ground, Ground, 6 level Podium (including Eco Deck level), 35 Floors and 1 Fire Check Floor.

The construction work has commenced in September 2014. Capacit’e is targeting completion of the Project in 36 months from commencement.Capacit'e has also been awarded the Construction of Civil & Structural Works for the Residential Tower at Bishops Gate, Mumbai, by M/s Bridgeview Real Estate Development LLP of Peninsula Land. The Project entails construction of about 1.97 lakh sqft, at a Contract Value of Rs.51.25 Cr. The scope of work includes construction of high end Residential Building comprising 2 Basements, 1 Stilt, 5 Podium levels, 1 Lobby Floor and 11 Duplex Floors.The construction work has commenced in September 2014. Capacit’e is targeting completion of the Project in 24 months from commencement.




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