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HOUSING, COMMERCIAL PROPERTY PROJECTS WORTH be completed and commissioned by July 2024. Among other
`4,344 CR PROPOSED IN UP housing and commercial property projects is the Aissphra
As many as 19 big-ticket housing and commercial property Lifespaces (Palm Emporio) project in Gorakhpur with an investment
projects worth `4,344 crore have been proposed in Uttar Pradesh of `250 crore. The project is expected to commission in January CONSTRUCTION
following the third ground breaking ceremony (GBC-3) held in 2025 and is likely to generate employment for 400 individuals. A
Lucknow on June 3 to attract the industrial investments, an official project by Amrawati Residency Private Ltd with an investment of
statement said. This does not include construction of structures `225 crore in Lucknow has been operational since January 2020,
for other sectors such as warehousing, logistics, IT, data centres, providing employment to 300 persons. Also in Lucknow, there are
supporting infrastructure for industries such as power substations three projects by ANS Developers Private Ltd. The first is named
etc, hotels and hospitals, it said. According to the statement, the Valencia County with an investment amount of `405 crore and it
sector-wise distribution of all the 1,406 proposals presented in GBC- is expected to be commissioned by January 2025, providing 800
3, presided over by Prime Minister Narendra Modi in the presence jobs. The second is Belvedere Suites at a cost of `400 crore and
of top industrialists, shows that investors not only from India but from is likely to be commissioned by January 2025. It is expected to
many parts of the world are keen to invest in UP. The presence of create 300 jobs. The third, named Whispering Woods, coming up
M.A. Yusuf Ali, chairman of the Lulu Group International, at the at a cost of `325 crore, is likely to be commissioned by December
GBC was significant as it indicated the presence of global retail 2025 with employment generation for 200 people.
industry giants in UP Among the proposals presented in GBC-3, Another project in Lucknow is from GK Orthocity Private Ltd, at
there are retail spaces, housing and group housing projects, an investment of `250 crore. It is likely to be commissioned by
cooperative housing projects and townships. It is a sign of the December 2023 with 700 employment options.
confidence of the real estate and construction sector in the state The Pardos Lucknow Developers Private Ltd project with an
and its government policies that the sluggish trend has been investment of `200 crore is likely to be commissioned by July 2022,
reversed, the statement said. A government spokesman said that giving 400 jobs. The project by Ruvik BuildTech Private Ltd, with
prominent among the proposals is from which proposes to set up an investment of `350 crore in Greater Noida, is expected to be
a commercial office space in Noida, Gautam Buddha Nagar, completed by June 2022, creating 2,100 jobs.
which would include ample retail space on ground floor. The The Uppal Chadha Hi-Tech Developers Private Ltd project with `350
proposed investment is to the tune of `504 crore and It is expected crore in Ghaziabad will be completed by March 2027, giving 300
to generate 8,000 employment opportunities. It is expected to jobs.

TREHAN GROUP TO INVEST `125 CRORE IN PLOTTED IN A DEAL WITH TATA STEEL, WELSPUN CORP WILL DEVELOP
DEVELOPMENT IN NEEMRANA THE FRAMEWORK AND MANUFACTURE HYDROGEN PIPES
Trehan group will invest `125 Welspun Corp Ltd (WCL) has teamed up with Tata Steel to create
crore in developing a 40- the “foundation for and
acre gated township of plots subsequent fabrication” of
in Neemrana, Rajasthan. The pipes for the transportation of
Trehan Vilasa City, consisting pure hydrogen and hydrogen
641 residential plots at combined with natural gas.
Neemrana is about an hour While Welspun Corp Ltd, the
drive from millennium city Gurugram, Haryana. The main features Welspun Group’s main firm, is
of this project, include Neemrana’s first luxury club society, mini a prominent welded line pipe
theatre, large parks and full-fledged sports complex. The plots maker, Tata Steel is one of
are available at price ranging from `16 lakh to `30 lakh. The plots India’s top three steel producers. The purpose of the green energy
are available in different sizes—ranging from 90 square meter strategic partnership with Tata Steel is to evaluate the suitability of
to 200 square meter. Close proximity (just 500 meter) to Delhi- a variety of pipes manufactured by WCL for the transportation of
Jaipur highway and industrial areas in the vicinity makes it a viable future fuels, which will help mitigate climate change-related issues
option for both end users and investors. The boutique developer and build a secure future for future generations. According to
has secured RERA registration and other required approvals for the Welspun Corp, this MoU (Memorandum of Understanding) would
development of the project and will complete the project in one improve worldwide understanding and knowledge of hydrogen
year from now. Trehan Group has several completed and under- transportation. Welspun Corp joined the H2Pipe Joint Industry
construction projects in Alwar, Bhiwadi, Tapukara, and Neemrana Project on Hydrogen Pipelines, which was established by DNV AS
in Rajasthan. The group also has significant presence in Gurugram Energy Systems Pipeline Technology, a major industrial certifying
and Faridabad, Haryana, and Navi Mumbai, Maharashtra. authority, in October 2021.
Last year, the group had successfully forayed into Gurugram real The “world’s first guideline” for transportation of hydrogen gas in
estate market with the launch of 320 high-end luxury independent existing and new offshore pipelines was developed as part of a
floors priced at in the range of `1.27 crore to `4 crore. worldwide industry effort. “We are aiming to improve its increasing
The realtor is bullish about the latest plotted development project product range both in India and abroad while concentrating on
in Neemrana as it has started getting enquiries much ahead of developing a future-ready world,” stated Vipul Mathur, Managing
the formal launch. Director, and CEO of Welspun Corp Limited.

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