Shapoorji Pallonji to develop Greater Noida
The Mumbai-based Shapoorji Pallonji group has won the tender for developing an integrated township proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project in Greater Noida. The group had quoted the lowest bid of Rs 42.60 billion when the financial bids…

The Mumbai-based Shapoorji Pallonji group has won the tender for developing an integrated township proposed under the Delhi-Mumbai Industrial Corridor (DMIC) project in Greater Noida.

The group had quoted the lowest bid of Rs 42.60 billion when the financial bids were finalised, Times of India reported.

Construction on the project is expected to start within the next few months and the target for completion is 2018.

K K Singh, Officer on Special Duty (OSD) for the township project said the contract granted to Shapoorji Pallonji included design, execution, procurement and project commission.

The company has interests in construction, real estate, textiles, engineering goods, home appliances, shipping, publications, power, and biotechnology.

It will develop the infrastructure for the township such as roads, drainage, sewer, water supply, power supply, etc across nearly 335 hectares of land. The township will boost walk-to-work concept.

Besides, the integrated industrial township in Greater Noida, a multi-modal transport hub in Bodaki and multi-modal logistics hub in Dadri are also proposed under this project.

To be located in the Dadri-Noida-Ghaziabad investment region of the corridor, the development of the township is expected to attract private sector investments of over Rs.300 billion over a period of 30 years besides generating employment for nearly 60,000 people.

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