Though the current business environment in the Indian real estate market is not a rosy one, still it holds lot of promises for global construction and structural consultancy firms. Companies like Samsung C&T Corp, Leighton Holdings, Arabian Construction Company and Arabtec Construction have pinned great hope in the Indian market.
Rasheed Mikati, director at Arabian Construction Company feels that it.
"It's a logical step for any global contractor. If there's recession back home, they will look at India and China that are still growing," says a top representative of the Arabian Construction Company.
The West Asia-based real estate company recently bagged the contract, along with its Indian partner Simplex Infrastructure to build Lodha Developer's 117-storey World One project in central Mumbai. The World One project will be the tallest residential tower in the world.
The company is betting on India to mop up their revenues as the real estate sector in their home territory remains sluggish.
The company that built the world's tallest building Burj Khalifa in Dubai, entered India recently through a joint venture with the Gurgaon-based Raheja Developers. The company has bagged a $200-million contract to develop three high-rise residential projects for the Rahejas in the national capital region.
Samsung C&T has been hired by Mumbai-based Oberoi Realty for its mixed-use, high rise project in Worli.
No comments:
Post a Comment