Page 24 - COAug2022

CONSTRUCTION TICKER TAPE

CENTRAL VISTA: DEC INFRASTRUCTURE EMERGES AS SREE KAILAS GROUP TO SET UP `150 CRORE
LOWEST BIDDER FOR CONSTRUCTION OF EXECUTIVE WAREHOUSING UNIT AT SUNGUVARCHATRAM NEAR
ENCLAVE CHENNAI
Hyderabad-based construction firm DEC Infrastructure has Sree Kailas Group, a developer of logistics parks, on
emerged as the lowest bidder for the construction of the Thursday announced that it is setting up a warehousing and
Executive Enclave that will house the Prime Minister’s Office industrial space with an estimated investment of `150 cr at
(PMO), the Cabinet Secretariat, the India House and the National Sunguvarchatram near Sriperumbudur, off Bangalore Highway.
Security Council Secretariat, according to an official document. The 6 lakh sq ft project is coming up in 30-acre of industrial plot
DEC Infrastructure and Projects (India) Private Limited had quoted and the Group will implement it in a joint venture with Indospace,
an amount of around `1,189 crore, 10.44 per cent less than the it said in a press release.
`1,328-crore cost estimated by the Central Works Department Group chairman S Rajkumar said the project would be
(CPWD), which has been executing the Narendra Modi completed in 18 months. Sunguvarchatram, he said, will be the
government’s ambitious Central Vista Redevelopment project. next industrial and logistics hub of South India. It is already the
The estimated cost also includes maintenance and largest electronic cluster in India, he added.
housekeeping for five years. The presence of industry giants in mobile phones and electronics,
Tata Projects Limited, which is constructing a new Parliament manufacturing, and proximity to Oragadam — the auto hub of
building, quoted `1,407 crore, which is 5.97 per cent more than India — makes Sunguvarchatram one of the most sought-after
the estimated project cost. areas for commercial and residential real estate properties.
Larsen and Toubro Limited had quoted a bid amount of around
`1,424 crore, according to the document. L&T REALTY INKS PACT TO DEVELOP PROJECT WORTH
Apart from the PMO, the Executive Enclave will house the `8,000 CRORE IN PRIME LOCATIONS OF MMR
Cabinet Secretariat, the India House and the National Security L&T Realty, Larsen & Toubro’s real-estate development arm,
Council Secretariat (NSCS). The India House will be used as a announced its expansion plans in the Mumbai market to drive
conference facility like the Hyderabad House where high-level growth. The company has entered into a binding agreement
talks, especially with top visiting leaders of various countries, are to jointly develop projects worth `8,000 crore in South Mumbai,
currently held. Western Suburbs, and Thane, with a development potential of
The new PMO will have three floors with a floor height of 4.75 4.4 million square feet. This is part of the company’s larger plan
metres, in addition to the basement and the ground floor, and to expand its footprint in major cities by adding approximately 5
the new Cabinet Secretariat and the NSCS will have the same million square feet per year over the next five years.
building structure. The South Mumbai project will be built on a five-acre plot of land
The Executive Enclave will come up on the south side of the South with a clear harbor view and good connectivity to the rest of
Block in plot number 36/38 in the high-security Lutyens’ Delhi. Mumbai. This residential complex will feature twin 50-story towers
Tata Projects Limited is constructing a new Parliament building. with luxury amenities and retail space.
In October last year, Larsen and Toubro Limited was awarded The project in Western Suburb is located in the prime area of
the contract for the construction and maintenance of the first Andheri. This will be L&T Realty’s first project in the Western Suburbs,
three buildings of the common Central Secretariat. Shapoorji and the company further envisages building a modern gated
Pallonji and Company Limited is executing the redevelopment residential complex with 20 towers and a modern shopping
work of the Central Vista Avenue stretching from Vijay Chowk to complex. The Thane project will be built on a 6-acre plot of land
India Gate. in the heart of the city. These high-rise residential towers will stand
The redevelopment of the Central Vista, the country’s power tall in Thane’s skyline, surrounded by good social infrastructure
corridor, envisages a new Parliament building, a common and ample amenities on-site.
Central Secretariat, revamping of the three-kilometre Rajpath L&T Realty has a 70 million square foot portfolio of Residential,
from the Rashtrapati Bhavan to India Gate, a new office and Commercial, and Retail developments and is currently present
residence of the prime minister, and a new vice-president’s in Mumbai, Navi Mumbai, Bengaluru, Chennai, and, to a lesser
enclave. extent, NCR and Hyderabad.

24 CONSTRUCTION OPPORTUNITIES|AUGUST 2022