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CONSTRUCTION GOVT APPROVES PROPOSALS FOR OVER 60,000 HOUSES will invest `556 crore in its affordable housing platform to develop

IN FIVE STATES UNDER PMAY (URBAN)
up to four projects. It will be the largest mixed-use development in
Edappally with retail and commercial elements, making it inclusive
The Centre has approved project proposals for more than 60,000
houses for construction in Andhra Pradesh, Chhattisgarh, Himachal
and accessible. The project will be introduced in the market
through an innovative ‘Quasi Book Building’ method. Fundamental
Pradesh, Karnataka and Rajasthan, taking the total number
of houses sanctioned under the scheme to 114.04 lakh. The
demand-supply metrics will drive the price discovery process.
approvals were given at the 58th meeting of Central Sanctioning
The pre-booking process offers comprehensive product
and Monitoring Committee (CSMC) under Pradhan Mantri Awas
Yojana (Urban) recently.
each type of unit. Expressions of interest (EOI) from prospective
buyers help gauge the project’s demand and achieve a data-
The total number of sanctioned houses under PMAY(U) is now information to prospective buyers, along with a ‘price-band’ for
114.04 lakh; of which around 93.25 lakh have been grounded for driven pricing decision.
construction and around 54.78 lakh have been completed and Puravankara Ltd has completed 75 projects measuring over 43
delivered to the beneficiaries, it said. The total investment under million square feet and over 24 million square feet of projects are
the mission is `7.52 lakh crore, with central assistance of `1.87 lakh under development. Currently, the total land bank of the company
crore. So far, central assistance amounting to `1.21 lakh crore is over 58 million square feet. Over the last 13 years, Provident
has already been released, the ministry said in a statement. The Housing Ltd has launched around 21 million square feet of projects
meeting, held through video conference, was chaired by Manoj across 9 cities - Bangalore, Chennai, Hyderabad, Mumbai, Pune,
Joshi, secretary, Ministry of Housing and Urban Affairs (MoHUA). Goa, Kochi, Coimbatore and Mangalore, out of which around 12
Presiding over the meeting, Secretary, MoHUA also discussed million square feet has already been delivered...
the issues pertaining to grounding and construction of houses in
different states under different verticals of PMAY(U). He reviewed TN PLANS TO DEVELOP INDUSTRIAL PARK AT
the pace of completion of houses in the states and directed the SENGATHAKULAM IN TIRUVALLUR DIST
officials to expedite the process and also evaluate the beneficiary Tamil Nadu government plans to develop an industrial park in
allotment and completion of Affordable Housing in Partnership Sengathakulam in Tiruvallur district. The State Industries Promotion
(AHP) projects in their respective areas. He said that work should Corporation of Tamil Nadu Ltd (SIPCOT), the infrastructure arm of
be done in a processed manner so that maximum benefits of the State government, has identified 576.32 acres of land for this
the scheme should reach to the beneficiaries without any delay. purpose. SIPCOT has issued a Request for Proposal for consultant
A booklet on ‘Transformative Reforms Towards Housing for All’ was selection to prepare Techno Economic Feasibility Report for setting
also released by the secretary. Proceedings of ‘Awas Par Samvaad’ up an Industrial Park at Sengathakulam. The Environmental Impact
was also released on the occasion. Awas Par Samvaad, was Assessment clearance to implement this project is under process,
conducted as an activity under ‘Azadi Ka Amrit Mahotsav’ (AKAM). the tender document said.
Based on the AKAM theme, 75 workshops/ seminars/ webinars were SIPCOT has so far developed 24 Industrial parks and 6 Sector
hosted in different parts of the country to create awareness and Specific Special Economic Zones (SEZs) across 15 districts in Tamil
promote discussion, deliberation and dissemination on ‘Housing Nadu in a total extent of about 34,000 acres. It also has land
for All’ amongst multiple stakeholders. Learnings and take-aways banks across the State for prospective and new age industries to
from these 75 workshops have been compiled in the form of a enhance their manufacturing footprint.
booklet for students, professionals and urban practitioners. The broad scope of work for the consultant includes detailed site
appreciation and analysis; demand assessment and market study
PURAVANKARA TO INVEST `1,550 CR IN KOCHI REALTY to arrive at the sector, and plot sizing, product mix details to be
PROJECT; EYES `3,000 CR REVENUE developed in the industrial park.
Puravankara Ltd will invest over `1,550 crore to construct a 3 million The proposed site at Sengathakulam is well connected with SH-51
mixed-use project, mainly housing, at Kochi in Kerala as part of its and NH-5. The nearest airport is at Chennai - 60 km via outer ring
plan to expand business amid rise in demand of apartments post road. The nearest railway station is Kavarapettai located at 20 km,
the second wave of COVID-19 pandemic. and Ennore port is 57 km from the proposed site.
The company’s subsidiary Provident Housing Ltd will develop 3
million square feet in the project, which is spread over 18 acres, NBCC INDIA AWARDS VARIOUS WORKS IN INDIA,
named ‘Provident Winworth’ at Kochi. MALDIVES
Puravankara is expecting a sales realisation of about `3,000 NBCC (India) Limited has awarded the works below:
crore from this project over the next 6-7 years. The company will • `99,67,80,840/- work for Development of Science Academy in
develop 2.6 million square feet of residential area and 0.4 million Panikoili Area, Jajpur, Odisha to M/s Krishna Builder.
square feet of commercial space in this mixed use project. The • `64,72,57,235/- work to A2Z Infraservices Ltd for Comprehensive
company will invest around `1,550 crore on pure construction of ARM and operation of civil, E & M Services (Internal & External),
this project. The land cost has not been included. The project will Housekeeping, Security Services, Control & Command
be developed in three phases. The first phase will comprise 519 Centre, Horticulture / landscaping work, SWM, STP etc. of 4608
apartments. dwelling unit various Type II to Type VII at East Kidwai Nagar,
In December 2020, Puravankara had announced that IFC, a New Delhi.
member of the World Bank group, and IFC Emerging Asia Fund $35,677,500/- work for Construction of 632 Units (3BHK) Social

22 CONSTRUCTION OPPORTUNITIES|MARCH 2022