18 October 2019

Table of Contents for Ticker Tapes





Ticker Tape- Construction

TATA HOUSING GIVES GURGAON THE TATA LA VIDA

Sector 113 of Gurgaon is to house a project with 4 towers which holds 650 apartments. Tata La Vida has 2 BHK, 2 BHK+ study and 3BHK residences in it and its pricing begins from Rs.1.08 crore and has many attractive and easy plans of payment. This eco friendly project has dedicated 80 per cent of its land to develop green surroundings and has environment friendly facilities like rain water harvesting. The other amenities are a jogging track, an artificial cricket pitch, a swimming pool, cozy barbecue pits, play area for kids and more.

 

PUNE TO GET 15 NEW SMART CITIES

The Pune Municipal Corporation (PMC) will start 15 projects under the Smart Cities Mission. Much emphasis has been laid on solar systems, transport and water. The special purpose vehicle (SPV) will start with underground work in the next three months. The SPV, named as Pune Smart City Development Corporation Limited which was registered in March has the responsibility of executing projects under the Smart Cities Mission. Out of the 15 directors the company has, six are from PMC, including the mayor, standing committee chairman, leader of the House and leader of opposition. Two more representatives are to be selected. The initial share of Rs.194 crore was released by the Union government. For actual implementation of the project, both the PMC and state government are expected to raise funds. The PMC seeks involvements from private investors. The pan-city projects planned across Pune over the next five years is a mission that plans to focus on public transport, mobility and upgradation of other facilities. Rs.700 crore is expected as investment in these projects.

 

$150 BN INVESTMENT REQUIRED FOR MODI’S SMART CITIES

The Modi government has already initiated two programmes with an initial outlay of $7.513 billion for 'Smart Cities Mission' and the 'Atal Mission for Rejuvenation of Urban Transformation (AMRUT)' for the upgradation of 500 existing cities. The private sector will contribute $120 billion to foster the vision of creating 100 smart cities which requires $150 bn. The first 20 cities to be developed into ‘smart cities are Bhubaneswar, Pune, Jaipur, Surat, Kochi, Ahmedabad, Jabalpur, Vishakapatnam, Sholapur, Davangere, Indore, New Delhi, Coimbatore, Kakinada, Belagavi, Udaipur, Guwahati, Chennai, Ludhiana and Bhopal. Service providers will play a significant role and invest heavily in smart cities. Over 50 cities in 2016 are likely to receive Wi-Fi services from Reliance Jio. Likewise, Bharti and Vodafone JV company, Firefly will deploy Wi-Fi. BSNL and Facebook are to provide service to 100 areas in rural India.

 

DLF SELLS STAKE IN DLF CYBER CITY DEVELOPERS LTD

India's largest realty firm is to sell promoters' 40 per cent stake in a deal estimated to be Rs.12,000-14,000 crore and would continue to own the remaining 60 per cent stake in DCCDL. The prospective buyers among others are Abu Dhabi Investment Authority, Blackstone, Canada Pension Plan Investment Board, Singapore’s sovereign wealth fund GIC, Brookfield, Qatar Investment Authority. JP Morgan and Morgan Stanley has been appointed as merchant bankers for this deal. Pricewaterhouse Coopers as their tax consultant and law firm namely Shardul Amarchand Mangaldas have been roped to help execute this deal. DLF has a land bank of 281 million square feet, of which 37 million square feet is under construction.

JP Morgan to invest in Bengaluru villa Project Rs.200 crore to be invested by JP Morgan Asset Management Co. Ltd in Singapore based Assetz Property Group to build a villa and row-house project in the North of Bengaluru. $250 million has been raised by Assetz for the project and the company has numerous quality residential and commercial office projects in South India. Its township brand Assetz Lifestyle which was launched in March will build a range of mid- market housing projects and has invested about $410 million in residential, office and retail projects between January and March this year. It plans to build around 10,000 homes in Bengaluru over the next 10 years and hopes to generate about Rs.5,000 crore in revenue.

 

SPVs FOR SMART CITIES SET UP IN MADHYA PRADESH AND RAJASTHAN

Jabalpur, Indore and Bhopal in Madhya Pradesh and Jaipur and Udaipur in Rajasthan, which are among the first 20 cities to be developed into smart cities, have set up Special Purpose Vehicles (SPVs) under Smart City Mission Guidelines to ensure timely and efficient execution of plans. The remaining 15 cities will form their SPVs in the next two weeks. Rs.200 crore allotted to each of the cities will be released by the ministry only after the remaining SPVs are formed.

 

L&T WINS CONTRACTS WORTH $343.1Mn

Larsen & Toubro’s construction unit has won contracts worth Rs.22.71bn ($343.1m) across various businesses. A contract valued at INR15bn ($226.6m) by the company’s building and factories business has been secured to build a mixed-used development which includes the construction of a convention centre, two hotel towers, a business centre tower inclusive of civil, structural, mechanical, architectural, electrical, plumbing and finishing works. L&T’s power transmission and distribution business has secured new orders worth Rs.3.21bn ($48.4m) in both the domestic and international markets. Power Grid Corporation of India Limited associated with Green Energy Corridor has awarded contracts for 765kV double circuit Bhuj Banaskanta transmission line (part-1)

 

EMAAR MGF LAND LIMITED TO SPLIT

Emaar (Dubai) known for building the world's tallest building in the emirate, the Burj Khalifa ends its decade long relationship with its Indian joint venture partner MGF Developments. Emaar entered the Indian real estate business in India during the year 2005 through its partnership with MGF and hopes that the demerger will allow Emaar to employ its channeled expansion strategy in the Indian real estate business. It aims to build shopping centers, homes and offices for the budding middle class.

 

ALTICO CAPITAL TO RAISE RS.2000 CRORE

The board of Altico Capital India Pvt. Ltd a Non-banking financial company (NBFC) has approved fund raising of Rs.2000 crore through commercial paper and non-convertible debentures (NCD’s). The company stated that its principal focus is on senior secured lending to residential projects in the real estate sector across tier I cities in India’s mid income and affordable housing segment. For overall requirements the firm expects to deploy $400 million every year. The company has retained its flexibility to invest across multiple strategies while being well positioned to fund senior secured loans to real estate sector.

 

KALPATARU TO BUILD IN HYDERABAD

9.5 acres of land at Sanath Nagar acquired from British oxygen for Rs.80 crore by Kalpataru Ltd is to be developed for a premium residential project. Kalpataru intends to use 5.5 acres for the project and build 576 apartments priced at Rs.4,176 per square foot. The estimated time quoted to deliver this ambitious project is three years.

 

CONSTRUCTION COMPANIES TO RECEIVE BETTER CASH FLOW

As the Union Budget of 2016-17 has ambitious targets for highways, railways, provision of drinking water, housing, irrigation etc, the inflow of orders in construction is likely to grow. Companies in the construction sector witnessed a negative cash flow from operations in 2015-16. This bleak condition is likely to improve as orders procured over the last two years will be executed. Competition has reduced for new orders over the last two years and as a result margins on orders are expected to be high. It is also said that construction sectors receivable days has widened by 33 per cent to 141 days and inventory holding period has increased by close to 9 per cent to 124 days in the last five years.

 

1.5 MN SQ PROJECT TO BE DELIVERED BY KEF INFRA IN 14 MONTHS

The infrastructure arm of KEF Holdings namely KEF Infra Industrial Park in Krishnagiri, is set to deliver the 1.5 million sq ft Embassy 7B project which features 10 floors of office space is worth Rs.375 crore within 14 months. This project is the Embassy Group’s first ever end-to end offsite manufactured project. KEF Infra has beat the traditional construction timelines of six months by completing two basement floors in two months.

 

OFFICES DEMAND MORE SPACE

The demand for office spaces in the first quarter of 2016 has increased by 19 per cent to 11.7 million sq.ft. across top eight cities like Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad backed by high pre-commitments compared to the lower absorption in the last quarter of 2015. Yet cities like Bengaluru and Hyderabad perked the trend by accounting for a huge portion of the total demand at about 72 per cent especially from companies in the IT-ITeS sector. A demand of 6.1 million sq.ft., a rise of 47 per cent from the year-ago quarter was witnessed in Bengaluru. The supply for office space spanning the eight cities observed a huge surge of 41 per cent to 11.1 million sq.ft. and this growth was chiefly noted in Bengaluru, followed closely by Delhi-NCR and Hyderabad.

 

DELHI TO GET INDIA’S FIRST AIRPORT MALL

At 2 million sq. ft, the mall deemed to be as big as six football fields is estimated to cost around Rs.600 crore. Xander Group Inc. DLF Ltd, Bharti Land Ltd, K. Raheja Corp and The Phoenix Mills Ltd, are contesting each other to bag its contracts in upcoming bids. The mall will be built next to new hotels in the airport’s AREOCITY that overlooks National Highway 8 and aims to cater to passengers and residents of that area. The Delhi airport is South Asia largest aviation hub. The mall has potential to fetch at least Rs.200-250 crore in upfront cash and lease rentals of Rs.30 crore a year. For the first time in India, the world’s premium brands will venture into India through this high-end upmarket mall destination.

 

LODHA CODENAME BIG BANG MUMBAI, A PROJECT OF GLOBAL REPUTE

Located in Thane, the venue for the project is well connected to 4 railway stations, LBS Marg and Eastern Expressway and Eastern Express Highway and to many areas in Mumbai. One BHK homes cover an area of 720 square feet and is priced at Rs.58,77 lakhs, 2 BHK homes have 882 square feet area and starts at Rs.72.90 lakhs and 2 BHK that occupies 1026 square feet is priced at Rs.84.78 lakhs. About 25 acres of this is dedicated to amenities, open spaces and natural greenery. About 25 acres of this 87 acre project is dedicated to amenities, open spaces and natural greenery. The amenities offered are indoor games, swimming pools, cricket pitches, jogging track, party hall, a well crafted forest zone and many more.




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