Despite a slump in real estate sector, IJM(India) Infrastructure is going great guns. Its latest venture, Malaysia Towers at Kukatpally is truly world-classThe real estate business in Andhra Pradesh is facing difficult times. Some of it is due to stiff competition by different players, partly due to inflation and partly to some policies implemented by the governments like hike in stamp duty and registration fee.
There is a need to strengthen the rules and regulations to pursue realty business and please the customers when they come buying their dream houses. The governments must look into these to strengthen the realty sector. They must set up an independent regulatory agency with the assistance of Ministry of Housing on the lines of Malaysia to monitor and keep vigil on the activities of real estate firms, said Manjit Singh, Vice -President of IJM (India) Infrastructure Limited (IJMII).
The IJMII is one of Malaysia's largest and most diversified construction groups, with world-wide presence and specialisation in the areas of construction, property development, manufacturing, quarrying, plantation and international ventures. Its current operations are spread over Malaysia, India, Australia, Argentina, Chile, China, Myanmar, Singapore and Vietnam.
In an exclusive interview with Deccan Post, Manjit Singh said that Hyderabad was the best destination for real estate business, as the city was growing and had a cosmopolitan outlook. "Many realty firms are concentrating on Hyderabad to invest in the field of real estate and many multi-national companies are setting up their business activities here as it has plenty of resources available than other cities in India," he said.
The IJMII's main thrust is in construction and upgrading of highways and property development including world class townships and commercial buildings using modern technology and equipment. The sky-rising residential of Malaysia Towers, located at Kukatpally Housing Board (KPHB) was constructed by the IJMII.
Explaining the Raintree Park famous as Malaysia Township, which was constructed by the IJMII, Manit Singh said that the Raintree Park was an International Class Integrated Township incorporating residential units with facilities, lush green landscapes, commercial and retail elements with distinct design features and character that sets it apart from other developments and a 'class' by itself.
The Raintree Integrated Township spread over sprawling 31-acre with an investment of at least Rs 360 crore is a joint venture of IJMII and Andhra Pradesh Housing Board (APHB) with the board equity of 49 per cent. The Malaysia Township has 2700 apartments and 500 low income group houses and it has accommodated at least 10,000 families. The IJMII previous ventures were TCS IT Park located at Gachibowli with an investment to the tune of Rs 38.25 crore, Mumbai-Pune Expressway, with an investment of Rs 136 crore, Tada-Nellore national highway number-5, Km 110 to Km 163.60 for Rs 226 crore.
Manjit Singh said that IJMII was presently working to complete construction on a few ongoing ventures such as First City Township, in Nagpur, a stylish and comfortable integrated township for citizens. The project comprises an elegant mosaic of 12 towering blocks, laying out around 2300 exquisitely designed apartments, and convenient shopping with several utilitarian and recreation facilities. "The First City is being made without any beams and bricks and it is being constructed on concreting walls," he added.
The IJMII's current venture, Raintree Park- Dwaraka Krishna Township, a joint venture between IJM (India) Infrastructure Ltd, and Lingamaneni Estates Private Limited, is located near Acharya Nagarjuna University campus near Vijayawada. Manjit Singh said that the Raintree Park- Dwaraka Krishna Township in Vijayawada is built on 120-acres with an investment of at least Rs 600 crore. The township will have 360 Villas and 3,300 apartments and 12,000 families will reside in the township. Double bed room houses measuring 1,300 sqft plinth and 1,700 sqft for 3 BHK houses are available, costing Rs. 2000 per sqft.
Another major project IJM (India) is working on is Civic Centre for Municipal Corporation of Delhi, a 27-storeyed building with an investment of Rs 545 crore. Work on this project is in the final stages.
There is a need to strengthen the rules and regulations to pursue realty business and please the customers when they come buying their dream houses. The governments must look into these to strengthen the realty sector. They must set up an independent regulatory agency with the assistance of Ministry of Housing on the lines of Malaysia to monitor and keep vigil on the activities of real estate firms, said Manjit Singh, Vice -President of IJM (India) Infrastructure Limited (IJMII).
The IJMII is one of Malaysia's largest and most diversified construction groups, with world-wide presence and specialisation in the areas of construction, property development, manufacturing, quarrying, plantation and international ventures. Its current operations are spread over Malaysia, India, Australia, Argentina, Chile, China, Myanmar, Singapore and Vietnam.
In an exclusive interview with Deccan Post, Manjit Singh said that Hyderabad was the best destination for real estate business, as the city was growing and had a cosmopolitan outlook. "Many realty firms are concentrating on Hyderabad to invest in the field of real estate and many multi-national companies are setting up their business activities here as it has plenty of resources available than other cities in India," he said.
The IJMII's main thrust is in construction and upgrading of highways and property development including world class townships and commercial buildings using modern technology and equipment. The sky-rising residential of Malaysia Towers, located at Kukatpally Housing Board (KPHB) was constructed by the IJMII.
Explaining the Raintree Park famous as Malaysia Township, which was constructed by the IJMII, Manit Singh said that the Raintree Park was an International Class Integrated Township incorporating residential units with facilities, lush green landscapes, commercial and retail elements with distinct design features and character that sets it apart from other developments and a 'class' by itself.
The Raintree Integrated Township spread over sprawling 31-acre with an investment of at least Rs 360 crore is a joint venture of IJMII and Andhra Pradesh Housing Board (APHB) with the board equity of 49 per cent. The Malaysia Township has 2700 apartments and 500 low income group houses and it has accommodated at least 10,000 families. The IJMII previous ventures were TCS IT Park located at Gachibowli with an investment to the tune of Rs 38.25 crore, Mumbai-Pune Expressway, with an investment of Rs 136 crore, Tada-Nellore national highway number-5, Km 110 to Km 163.60 for Rs 226 crore.
Manjit Singh said that IJMII was presently working to complete construction on a few ongoing ventures such as First City Township, in Nagpur, a stylish and comfortable integrated township for citizens. The project comprises an elegant mosaic of 12 towering blocks, laying out around 2300 exquisitely designed apartments, and convenient shopping with several utilitarian and recreation facilities. "The First City is being made without any beams and bricks and it is being constructed on concreting walls," he added.
The IJMII's current venture, Raintree Park- Dwaraka Krishna Township, a joint venture between IJM (India) Infrastructure Ltd, and Lingamaneni Estates Private Limited, is located near Acharya Nagarjuna University campus near Vijayawada. Manjit Singh said that the Raintree Park- Dwaraka Krishna Township in Vijayawada is built on 120-acres with an investment of at least Rs 600 crore. The township will have 360 Villas and 3,300 apartments and 12,000 families will reside in the township. Double bed room houses measuring 1,300 sqft plinth and 1,700 sqft for 3 BHK houses are available, costing Rs. 2000 per sqft.
Another major project IJM (India) is working on is Civic Centre for Municipal Corporation of Delhi, a 27-storeyed building with an investment of Rs 545 crore. Work on this project is in the final stages.
2 comments:
Hi Maouli,
All the blogs written by you keeps me aware of the trend.
If you can please do me a favour of sending the contact number of Amanjit-Vice President(IJM), it would help me a lot.
The reason, I work in a advertising firm and I want to get associated with IJM.
You can send me at chiranjeevipatro@gmail.com.
It would be a great help.
Its great news for me. I am doing realty business and ur stories alert me with the latest trends on the sector
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