Realty major, Emaar India has awarded a Rs 100 crore contract to construction firm, Capacit’e Infraprojects Ltd (CIL) for its upcoming mixed-use commercial project in Gurgaon. The scope of work for the contract includes construction and development of the entire project Colonnade, which offers 1.33 lakh sq ft of retail spaces, the company said in a statement. The project will also have serviced apartments. Mumbai-based CIL undertakes construction of residential, commercial and institutional buildings in Mumbai Metropolitan Region, National Capital Region, Bengaluru and other major cities spread across India. Emaar India has also started sharing project completion schedules with detailed timeline for achievement of specific milestones for all projects with its customers, and the same information is also available on its website. Earlier this year, Dubai-based Emaar Properties and India’s MGF Development decided to end their 11-year-old joint venture through demerger of Emaar MGF Land Ltd into two separate entities. Emaar Properties, which entered India in 2005 with largest FDI in the realty sector, has invested about Rs 8,500 crore in Indian real estate market through its JV firm Emaar MGF.
Home Urban Infrastructure News Realty News Emaar India awards Rs 100 crore contract for commercial project