Page 28 - DIGITAL ISSUE MAY 2018

CONSTRUCTION TICKER TAPE 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 un nished ats
in Noida, which faces a shortfall of about
`2,000 crore.

GREEN BUILDING PRODUCTS TO HAVE
GREAT POTENTIAL
e market for green products is estimated
to grow at over `18 lakh crore by 2022. is
is as a result of over 350 products having
INDIA'S GETS ITS FIRST COMPREHENSIVE REAL ESTATE DEVELOPER secured green product ratings. e products
SOLUTIONS PLATFORM BY JLL falling in this category include cement, glass
JLL India recently launched a horizontal platform— Developer Solutions, a service sanitaryware and other materials which are
catering to the real estate developer community. e new Developer Initiatives service used in the development of green buildings
line will have presence across cities, in order to ensure e ective Solutions Development due to them being not just environment
and Key Account Management. e platform will be headed by Siva Krishnan, Managing friendly, but also energy-e cient in the long
Director, Developer Solutions. is platform has led to the formation of a new SBU - term. Currently, with over 350 products
Developer Initiatives, combined with JLL's highly in-demand Land Services and Strategic having certi ed, the number is expected
Consulting practices, all of which will be brought together under a single platform. to cross over 400 and even go past the 500-
Developer Solutions will provide the clients of JLL with an access to make the most of mark. In order to bring in more e ective
the unique solutions by JLL.
usage of such products, a Greenpro-Green
INDIABULLS REAL ESTATE- ORICON It is expected that the Indian companies Product certi cation has been launched
ENTERPRISES INK PACT FOR WORLI having expertise and skills in project which is a maiden eco label for products
PROJECT management would join hands with Russian in the building category. e evaluation of
Indiabulls, a wholly-owned subsidiary of companies with an expertise on developing the products is based on a life-cycle based
Indiabulls Real Estate recently entered customized technology solutions. Russo approach. Till date, products certified
into pact with Oricon Enterprises. The includes Russian specialised firms Bee include- ACC Cement, Nippon Paints,
project involves the joint development of a Pitron who are ready to assist India’s smart Saint-Gobain Glass, Asahi India Glass,
commercial building in Worli, Mumbai. A city programs. Russia’s so ware exports Godrej Furniture and Visakha Industries.
non binding term sheet has been executed stand at $7.5 billion a year, and is known
by the owner along with Oricon Enterprises, to have a range of modern IT-related PENINSULA LAND VENTURES INTO
which owns around 0.9 acre land parcel technologies that are available only with AFFORDABLE HOUSING WITH PUNE
situated at Dr. E. Moses Road in Worli. the US and China. PROJECT
Indiabulls Infraestate is set to bag the Peninsula Land Ltd, a rm of the Ashok
ownership rights of a leasable area spanning DOSTI-SURAKSHA JV ACQUIRE JAYPEE Piramal Group, a name in the luxury
around 2.55 lakh sq a er the de nitive INFRA residential projects in Mumbai has entered
agreements are executed. Reports suggest Lakshadweep Pvt Ltd, a joint venture of in a ordable housing segment with its rst
that the deal is likely to be completed in Suraksha Asset Reconstruction Company such project in suburban Pune. A land
a span of 3-4 months and is expected to and Mumbai-based Dosti Reality is all set parcel in Gahunje, spanning 50 acre, which
enhance the company’s annuity revenue to to acquire Jaypee Infratech for a sum of was to be developed into an information
`1,547 core in FY 20-21. `7,350 crore. Jaypee Infratech is to deliver technology special economic zone, will
around 25,000 apartments in Noida and now be developed as a housing project. As
RUSSIAN IT FIRMS TO SUPPORT is the operator of the Taj Expressway. e per reports, around 1,000 units have been
SMART CITY INITIATIVE transaction will result in delisting the launched in the rst phase of the project
The evolving partnership of India and company as almost the entire equity capital — address One that will stand 51 four
Russia in the area of IT software and of Jaypee Infratech is set to be written tall. One bedroom homes will be sold at a
hardware solutions is expected to go beyond o . e JV has outrun other bidders such starting price of `18 lakh, going up to an
traditional and is expected to provide as Adani Group and a consortium that all-inclusive price `38 lakh for a 700 sq.
support Indian governments smart cities includes Kotak Realty. Jaypee Infratech three-bed apartment. A ordable housing
and infrastructure programs. This was has outstanding loans of about `8,500 has been the avour of the season with
approved a er Russia’s Russo Association crore. rough the JV, it is expected that the several developers venturing into this space
of software and Indian counterpart banks can recover over 80 per cent of their due to the potential sales that these projects
Nasscom entered into a formal partnership. dues. Lakshadweep will make an upfront may generate and to tap into the incentives
e support would extend to areas of smart payment of `1,200 crore. e company has that the government has doled out in the
cities and mega infrastructure initiatives. earmarked `4,000 crore to be paid from the recent past.

30 CONSTRUCTION OPPORTUNITIES|MAY 2018