Page 26 - DIGITAL ISSUE MAY 2018

CONSTRUCTION TICKER TAPE 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.
e second phase that is coming up will be
having an area of 1.2 lakh sqm amounting
`600 crore. e construction consists of the
entire academic block, administrative block,
REAL ESTATE SECTOR TO BOOST IN 2018 cafeteria, workshops area, hostel with total
e real estate sector is set to get a massive llip as the year 2018 is to bring in the 1400 rooms capacity, faculty residencies,
implementation of policies such as the enactment of Real Estate Regulations and Gymnasiums, Indoor and outdoor games,
Development Act (RERA). is is expected to ush out all the negativities gathered by parking spaces, etc.
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 ASTER DM HEALTHCARE TO CONSTRUCT
of the booming infrastructure development projects, there is a growing demand for the `400 CRORE HOSPITAL IN CHENNAI
real estate throughout the country even from the tier-II and tier-III cities. Infrastructure Aster DM Healthcare, a leading healthcare
for rapid urbanization is not restricted to the construction of roads and huge bridges, service provider in India, has entered
but is about the availability of basic amenities and su cient social infrastructures — into an agreement with Subramanya
healthcare centers, parks and recreation centers. e year 2018 is expected to bring in a Constructions & Development Company
new wave of optimism for the Indian real estate sector which has faced a rough weather in Limited (SCDC), to construct a new
the recent times. e real estate buyers, particularly the end-users, will be back to take the hospital in Chennai. is 500 bed hospital
plunge and go with the best real estate brands. e despondency has already given way to is expected expected to be commissioned
optimism and so the buyers are here to shed their reluctance to invest in real estate sector. in 2020, has been built at an estimated cost
of `400 crore. e new agship hospital
UNITY INVESTS `3,000 CRORE IN a ordable smart homes so as to catch up is expected to o er state-of-the-art to the
KAROL BAUG PROJECT with the growing aspirations of the low people of Tamil Nadu and similarly add to
Realty firm Unity group has entered and mid-income segment population of the expansion of the company’s market in
into the residential segment with an the country. e Group has set a target India. Aster DM Healthcare operates 11
investment of `3,000 crore for a housing of developing 10,000 homes in the next 5 hospitals in South India with 4037 installed
project in Kaorl Baug. Reports suggest years and will be looking for joint venture beds and has its presence in 9 countries.
that around 2,500 ats will be developed and public private partnership (PPP)
by the company. e project, titled ‘ e opportunities in the micro markets that are IL&FS RAISES `100 CRORE UNDER PE
Amaryllis’is a 40 acre project which has potential hubs for massive housing projects. BUSINESS
tied up with global fashion house Gianni e company is looking forward for the Infrastructure Leasing and Financial
Versace to build branded homes in two finalisation of land parcels in Chennai, Services (IL&FS) Ltd through its PE
45-storeys twin towers, touted as tallest Hyderabad, Alwar and Bengaluru. Reports business is raising a new infrastructure
in the city with over 182 metre height. also suggest that the company will be fund worth `100 crore. IL&FS Investment
is project is being developed as a joint giving its capabilities a check by entering Managers Ltd houses the private equity
venture along with DCM group. e land in the multi domain infrastructure order business of of IL&FS group. The funds
was previously used by the the DCM group to provide low cost a ordable housing with managed by IIML span general purpose
for housing accommodation of workers in improved services. private equity, real estate and infrastructure.
Delhi Cloth Mills. Unity Group is a group e fund was launched around nine months
with diversi ed interests in commercial, NBCC SIGNS MOU WITH SDI ago and the company is in advanced
residential, educational, hotels automobile BHUBHANESHWAR TO EXPAND SKILL discussion to close an anchor investor for
dealerships, marble and healthcare. DEVELOPMENT INITIATIVES the fund. Reports suggest that the anchor
NBCC (India) Ltd under the Ministry of investor is a large foreign institutional
IL&FS ENTERS INTO RESIDENTIAL Housing and Urban A airs has signed a investor. It is expected that the rm will tie
SEGMENT Memorandum of Understanding (MoU) up commitments for around 25- 30 per cent
IL&FS Group recently announced that it with the Skill Development Institute (SDI) of the corpus in the next four to six months.
has entered into the residential real estate Bhubaneswar for the construction of the Global infrastructure fund I Squared
segment through its a ordable smart homes institute which will facilitate empowering Capital, founded by former Morgan Stanley
project in GIFT City, Gandhinagar. is is of youth in Odisha with relevant skill senior executives and Australia’s Macquarie
done by the company through its subsidiary sets and train them in various disciplines. Infrastructure and Real Assets (MIRA) are
IL&FS Townships & Urban Assets. As per e MoU was signed between Yogesh JP some of the other infrastructure-focused
a statement by the company, it will o er Sharma, Executive Director (Engg.) on funds active in India include global.

28 CONSTRUCTION OPPORTUNITIES|MAY 2018