As the principal period of market consolidation continues, the real estate developers of India, who have come a long way from the industry, are currently eying opportunities in the infrastructure sector.
And why not? According to recent reports of Assocham, physical infrastructure and services accounted for 81 percent of the total investments of Rs 4.19 lakh crore pumped in the economy in the first 3 quarters of their present fiscal year 2007-08.Emirates Heights
Additionally, infrastructure has been identified as the single largest sector that is bringing maximum foreign direct investments (FDI) in India. Industries of ship building, ports and airport development are the ones which are attracting whopping investments.
Omaxe Group recently bidding for modernizing Udaipur airport, also in response to the Civil Aviation Ministry’s request for proposal (RFP) for Rs 200-crore Public Private Partnership (PPP) project. Formerly, country’s biggest property developer DLF, second largest Unitech Group and also Emaar MGF’d bid for Rs 4,000 crore commercial development endeavor of Delhi airport terminal, disperse in 250 acre.
The segment of public transportation is presenting such unprecedented chances that not only estate organizations but others find hard to withstand. Just take the new New Delhi rail station tender. It’s perhaps first-of-its-kind tender for modernization of a railroad station through PPP model.
And it is not surprising that not only technical infrastructure groups such as GMR, GVK and also L&T are from the race however it is Reliance that’s unleashed its ambition to foray in to the segment. To carry on with such critical projects, the corporation has forged an alliance with Socit Nationale des Chemins de fer Francais (SNCF) with an enviable list of managing 30,000 km railway track in France.
These movements aren’t only exciting for market players but also suggest that the traveling woes of aam admi are going to convert into a pleasant experience.