| Topic : Betting on Indian Construction & real estate sector |
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Construction Planning & Management
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Source : http://www.sharegyan.com
Activity:
4 comments
973 views
last activity : 08 10 2012 09:58:34 +0000
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Hindustan Construction Company has declared new ventures in western India. The assignments include housing townships in Pune, Nasik and Thane in Maharashtra and at Dholera near Ahmadabad.
The company has rolled out a strategy to instill Rs.100-120crore to start the basic work for a projected mini-township in Nasik HCC is in the course of obtaining land for the venture while the actual work on the venture is likely to start in 12-15 months. The entire project is set at Rs.600-800crore.
The construction chief is also considering establishing two mixed-use mini-townships on 200 acres each at Thane and Pune. Although, the Pune venture will have a big portion set aside for saleable use, the Thane Township would be largely be a housing one. HCC has already started land purchase for the two ventures.
Previously in 2009, HCC had signed a contract with the Gujarat government to grow a Water Front City at a sum investment of Rs.40,000crore. The assignment, to be based on Lavasa, would be built on 4,000 acres of land in Dholera Special Investment Region situated at the Gulf of Cambay around 130km from Ahmadabad.
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I agree with you anant. It is the best method... |
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