Page 36 - September 2015 Digital Construction Opportunities

TICKER TAPE: ConsTRuCTIon to the tune of about `800- `900 crore. Apart from its Gurgaon commercial project, the company will also begin commercial operations of its shopping complex ‘Mall of India’ in Noida. Te mall with 2 million sq f of leasable area has been developed at an investment of `1,100 crore. Te company presently has rental assets of about 30 million sq f, largely in Gurgaon, with an annual rental income of about `2,400 crore. Of this, about 13 million sq f is in Cyber City area where current monthly rentals are ruling at `95-`100 per sq f. SOBHA LAUNCHES developed at a cost of $3 billion 20,000 apartment units, of SUNTECK’S PREMIUM BOUTIQUE HOMES through a 80:20 joint venture. which about 7,500 is already COMMERCIAL Sobha Ltd has launched the Te facility will be developed complete. Apart from metros, PROJECT IN BKC first of its kind boutique in two phases, wherein Phase-I the venture also looks forth to Sunteck Realty will be developing homes ‘Sobha Clovelly’ at will be of 1.5 MTPA capacity develop projects in the tier-I and a premium commercial project Padmanabhanagar in Bengaluru. and will require investments tier-II cities, wherein the project in the business hub of Bandra- Set over 3 acres of land space, the of `10,000 crore. Te plant’s size will range from 1.2-5 Kurla Complex, Mumbai. project introduces the boutique strategic location will help to million sq f. Te developments The company has already living concept at Bengaluru use the low-grade iron-ore from will majorly include 1BHK acquired land parcels for whereby each resident is Goa to make world class steel at apartments of 500-600 sq f and developing the project through expected to beneft from being competitive prices. Te project 2BHK apartments of 800-900 a joint development model. Te part of a contemporary, stylish will be Posco’s frst steel plant in sq f priced between `15-`50 commercial project in BKC and exclusive development. Te the country. lakh per unit. has a development potential project is strategically positioned of around 2 lakh sq f and is within Bengaluru’s blue ribbon `1,250 CRORE ON DLF TO CONSTRUCT expected to generate revenue area. With spacious living area AFFORDABLE HOMES COMMERCIAL to the tune of `500 crore. Te amidst parks, these boutique- Te Shapoorji Pallonji Group COMPLEX IN company however has not yet styled homes from the house has entered into a partnership GURGAON disclosed the timeline for project ofers 137 ultra-luxurious homes with Standard Chartered Realty major DLF will invest completion. comprising 3 BHK apartments Private Equity, World Bank about `900 crore over the next and 4 BHK duplex apartments. Group member IFC and the three years for the construction CUMMINS’ TO SET UP With over 50 per cent of the Asian Devel opment Bank for of its new commercial project R&D CENTRE IN PUNE tower’s facade being glass, the building affordable housing in Gurgaon. Te project will The US based diesel engine project consists of two towers projects across India. Under be developed on a 14-acre land designing and manufacturing connected by the main entrance the venture about `1,250 crore and cover about 2.2 million sq major, Cummins plans to drop of and lobby. will be invested to develop f of ofce space. Construction establish its largest research and about 20 million sq f of quality cost of the project is estimated development centre in Pune. POSCO TO SET UP afordable homes across India in FIRST STEEL PLANT IN the next eight years. Te cities INDIA identifed for project developed The $2 billion Uttam Galva includes Mumbai, Pune, NCR, Group has roped in Korean Chennai, Kolkata, Bengaluru giant Posco to set up an and Ahmedabad. The Group integrated steel manufacturing is currently developing one of facility in Sindhudurg, Asia’s largest afordable housing Maharashtra. The 3 million projects in Rajarhat, Kolkata. tonne per annum plant will be Te project involves a total of 36 construction opportunities|sEPTEMBER 2015