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DANISH COMPANY LJM RENTS 50,000 SQ FT OF registered 125 new project in the first half of 2022, 25% increase
WAREHOUSE SPACE FROM INDOSPACE IN CHENNAI in new project registration in comparison to H1 2021.
Lind Jensen Machinery (LJM), a manufacturer of hydraulic About 66% of these applications belong to non-NCR districts and
cylinders in Denmark, has leased 50,000 square feet of warehouse 34% belong to NCR districts. Residential category has the highest CONSTRUCTION
space from Chennai industrial park developer IndoSpace. share of new project registration applications, about 75% and the
By adding LJM, IndoSpace has increased the number of tenants applications of commercial and mixed-land used projects are
it has. According to a statement from IndoSpace, the business will in the remaining 25 %.
establish its first facility in India at Oragadam II in Chennai, where More project registration in non-NCR districts indicated the
it will make a hydraulic pitch, lock cylinders, and accumulators growing demand of housing units as well as growth of the real
for the wind turbine sector. estate sector across the state.
Next month, the facility is anticipated to be operational. After In the first half of 2021, about 100 applications of new project
China, it will be LJM’s second production facility in Asia, the registration had been received. Presently, more than 3200 real
company announced. LJM intends to provide components for estate projects are registered in UP.
the wind energy industry in order to serve both domestic and Lucknow, Kanpur, Varanasi, Bareilly, Prayagraj, Agra, Mathura
foreign markets. According to IndoSpace, the initiative has are top districts of non-NCR districts in new project registration.
already attracted a 2 million euro investment. Apart from these popular locations, applications have been
IndoSpace is the largest developer and owner of Grade A received from Amroha, Shahjahanpur, Gonda, Bahraich,
industrial real estate and logistics parks in the nation. It is jointly Sultanpur, Firozabad, Lalitpur districts that show an upward trend
marketed by Everstone Group LLP, GLP, and Realterm. With 15 of group housing and rising impact of real estate regulation
Grade A industrial and logistics parks spread out throughout the among promoters of these districts. In NCR, Gautam Budh Nagar,
primary industrial area, IndoSpace has a significant presence in Ghaziabad and Meerut are top in project registration.
Tamil Nadu. UP RERA has received more than 60 applications of new project
Given the long-term potential, not just in the wind turbine segment registration per quarter in last 6 months that reflects rapid growth
but also in other sectors, we see a tremendous chance to set up of the real estate sector in the state.
the unit here. According to Martin Anderson, CEO of LJM, this is After the implementation of RERA Act 2016, if an under-
the ideal moment for us to be here and we are certain that India construction property is part of notified planning area and
will eventually become a center for exports to places like North construction on land is upto or more than 500 square meters
America, South America, and Europe. In 10 locations, IndoSpace (5382 square feet) and total number of units are 8 or above then,
has a network of 44 logistics parks totaling 49 million square feet it is mandatory to register it on the website of UP RERA.
in completed and ongoing construction.
ASHIANA HOUSING GETS RERA REGISTRATION FOR
WELSPUN CORP COMMISSIONS NEW PLANT AT ANJAR, ‘ASHIANA MALHAR’ PROJECT AT PUNE
GUJARAT Ashiana Housing Ltd announced to the exchanges that it has
Welspun Corp Ltd has announced the commissioning of its obtained RERA registration (ie. registration under the Real Estate
state-of-the-art Blast Furnace and Sinter plant, and TMT Bars Regulation and Development Act, 2016) of Phase 1 of “Ashiana
manufacturing facility at Anjar, Cujarat through its wholly owned Malhar” project at Pune (Maharashtra).
subsidiaries. The management has opened this project for expression
Blast Furnace and Sinter Plant: of interest of customers. The project is set to be launched for
The Blast Furnace can produce ~500,000 MT of Hot Metal per booking (conversion from expression of interest to booking)
annum. This will primarily be used for manufacturing Pig Iron and from August 27, 2022. According to the filing, “Ashiana Malhar”
Ductile Iron (DI) Pipes. The trial production for DI pipes has also project is a residential project and has total saleable area of
started and the facility has recently received BIS certification, the 2.68 lakhs sq. ft. approx. The project consists of 2 BHK and 3 BHK
company said. units and is located at village Marunji Taluka Mulshi, Pune 411057
Besides a 400,000 MT per annum capacity DI pipe plant, this (Maharashtra), the company said.
facility is equipped with the latest cutting-edge technology, and
will include Blast Furnace, Sinter Plant, PCI and Oxygen Plant Coke
Oven.
TMT Bars manufacturing facility:
The present TMT bar manufacturing facility has a capacity of
around 350,000 MT per annum. The Company has an existing
manufacturing set-up of BIS Certified Steel Billets and Direct
Reduced Iron which will be used as inputs for the manufacture
of TMT bars.

UP RERA REGISTERS 125 NEW PROJECTS IN THE FIRST
HALF OF 2022
The Uttar Pradesh Real Estate Regulatory Authority (UP RERA) has

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