UEM Construction Bhd and OPUS Properties join hands
The soon to be incorporated JV company will commence its operations with "Danat-A-Pearl", a gated community encompassing residential, commercial and entertainment facilities in Delhi NCR. Strategically located the project spreads over an area of 500 acres.
On the occasion of signing the joint venture agreement, Dato' Abdul Rahim Abu Bakar, Chairman of UEM Builders Berhad (UEM Builders) said, "India is a key market for us as it has tremendous growth potential. While UEM Builders would benefit from the association by incorporating the technical and operational expertise into the project, Opus Properties Ltd will contribute much-needed knowledge on the real estate development front. We thereby look forward to a long and fruitful association with our Indian partner. Together we aim to accomplish the finest quality high-tech construction, leading to faster completion of Danat-A-Pearl and other future projects that the joint venture engages in."
Rajesh Khursija, Chairman of OPUS Properties Ltd. (OPUS) said, "It's a remarkable day for both partners and I am confident that the joint venture will go a long way in achieving our mutual goals. With total construction volumes of 60 million sft and value of US $2 billion, across all current projects, It's a win-win situation for both companies and the success of the joint venture would lie in successful delivery of the projects"
Other projects from OPUS, on the anvil, are a 450-acre Logistics Park in Navi Mumbai, a total one stop logistics solution meeting the logistic needs of diverse industries, , a 400-acre Entertainment City based on "Bollywood' and "Entertainment' concepts with components like an Entertainment Zone, studios, residential complex, Hospitality, commercial offices and shopping malls.
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