NEWS
12 CONSTRUCTION WEEK JULY 2019WADHWA GROUP PLANS INVESTMENTS OF RS 2200
CR IN FIRST TWO PHASES OF WADHWA WISE CITY
K
amdhenu, a building materials solu-
tions company, is planning to aug-
ment its manufacturing capacity in
West Bengal for production of colour coated
sheets under the ‘Kamdhenu Colour Max’
brand. The new plant with 12,000 tonne per
annum capacity will help the company ca-
ter to the growing demand for color coated
sheets in the region. Located in Durgapur,
the new facility will be company’s second
unit in the state.
Sunil Agarwal, director, Kamdhenu, said,
“We are committed to meet the increas-
ing demand for high quality color coated
sheets in the East and are strengtheningour manufacturing capacity in West Ben-
gal and penetrating deeper to reach out to
the remote markets of the state.” The new
plant will contribute to the development
of the local economy by generating direct
and indirect employment opportunities in
West Bengal.
Designed as per international standards,
‘Kamdhenu Colour Max’ is technologically
advanced and also meets customer ex-
pectations in terms of affordability. This
product is available in different thickness
and in four design options - high-rib pro-
file, tile profile, corrugated profile, and clip
lock profile.KAMDHENU PLANS TO AUGMENT MANUFACTURING
CAPACITY OF COLOUR COATED SHEETS IN WEST BENGALIN SHORT
T
he Wadhwa Group is
planning investments of
Rs 2200 crore in the first
two phases of Wadhwa Wise
City. Out of the total land holding
of over 450 acres, it is planning
to develop 138 acres. Wadhwa
and GFH, a Bahrain based finan-
cial investment group, are jointly
developing the township and
have launched apartment and
bungalow project.
Shedding light on the second
phase of Wadhwa Wise City,
Navin Makhija, MD, The Wad-
hwa Group, said, “Panvel as a
location is the most advanced
infrastructure hub of India with
world-class infrastructural developments
coming up. While the first phase of Wadhwa
Wise City was an initiative to support the
Government’s mission to provide quality af-
fordable housing, the second phase wouldB
engaluru-based realty
firm Puravankara Ltd
has chalked out an expan-
sion plan to start 13 new
housing projects this fiscal
at an estimated construc-
tion cost of around Rs
3,000 crore.
The company is set to
launch in the current fiscal
13 projects, of which six are
in Bengaluru, three in Mum-
bai, two in Pune and one
each in Chennai and Kochi,
according to an investors
presentation.
Ten projects in pipeline
are under joint venture
with land owners and three
owned by the company.
The company would de-
velop over 11 million sq-ft
area in these 13 projects,
of which 7 projects with
8.2 million sq-ft area to be
under its Provident brand
that caters to mid income
customers. Puravankara
will develop about 12,
units in these 13 projects at
an estimated construction
cost of around Rs 3,
crore. The company has
created a robust launch
pipeline as it sees gradual
recovery in housing sales
post adverse impact of
note-ban, realty law RERA
and the GST.
Last fiscal, Puravankara
Ltd sold 3,429 units worth
Rs 2,098 crore compared
to 2,781 units for Rs 1,
crore in the 2017-18.Gurudatta Deshmukh, VP, and Vijay Wadhwa, chairman
Emeritus, The Wadhwa Group at the press conference.focus more on the independent living in a
township that offers all facilities of a city in
the vicinity. We are expecting about 2000
crores revenue from the second phase of
the project including bungalows.”