This thread will be used as an overview thread, to cross-post news articles about Indian megaprojects in general (i.e. articles about two or more of these individual projects.)

At the bottom of this post are links to the individual threads.

Four cities will appear on the Indian map
http://img442.imageshack.us/img442/4485/270320070010100111mn9.jpgForeign funds will pump in Rs2 lakh crore to create the ultra-chic cities

DNA India Epaper
27 Mar, 2007

On Republic Day this year, Macquarie Bank, Australia’s largest securities firm, announced that it will invest $25 billion along with three partners to create an ultramodern integrated township on 65,000 acres in Andhra Pradesh, just 170km off Bangalore.

Four weeks later, Tishman Speyer Properties LP, which owns New York’s famous Rockefeller Centre and Frankfurt’s MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 400 acres near Hyderabad.

On Monday, or exactly another four weeks after the Tishman announcement, Al Nakheel LLC, an international property development firm owned by the Dubai government said it will, along with DLF Ltd, build two ‘Manhattans’ :cheers: near Mumbai and Gurgaon, spread over 20,000 acres each.

Each city will cost about $10 billion or Rs43,300 crore to construct, with the first phase, expected to be completed by 2010, seeing the partners investing $5 billion apiece.

In all, $47 billion or Rs203,000 crore of private money will be invested over the next couple of years to create four ultra modern cities from ground up.

The cities near Mumbai and Gurgaon will be three times as large as New York’s Manhattan Island, DLF said.

All the four cities will be world-class and self-contained, with wide, international-quality roads, telecom networks, educational institutions, industrial clusters, hospitals and amusement parks.


Cities near Mumbai, Delhi
Located on the outskirts of Mumbai and in Gurgaon, Haryana, spread across 20,000 acres each Investment of $10 billion in the first phase
Investor: Limitless LLC, a Dubai government firm, and DLF Ltd

Science city near Bangalore
About 400km from Hyderabad and 150km from Bangalore Investment of $25 bn, spread across 65,000 acres, over 10 years
Investors: Macquarie Bank, Australia, and Singapore’s Jurong Corp and Semb Corp

Mini city near Hyderabad
A 400 acre commercial and residential development on the outskirts of Charminar city Will house 30,000 people, shops, and cultural amenities
Investors: Tishman Speyer, ICICI Bank, Nagarjuna Construction Growth to boost need for homes Foreign funds are moving into real estate because the 9-10 per cent economic growth foreseen will explode demand for homes, commercial space.

House prices in Mumbai, Delhi, and Bangalore have more than tripled since 2004
http://img442.imageshack.us/img442/1930/270320070010101ha9.th.jpg (http://img442.imageshack.us/my.php?image=270320070010101ha9.jpg)

--------------==--=--==--------------


Rundown list of Indian Megaprojects in the Offing, and their links to SSC India threads:

Mumbai Megaprojects -- There are several, none with dedicated threads of their own:
1. Mill Land Redevelopment
2. Dharavi Slum Redevelopment and CBD
3. Reliance Mahamumbai SEZ CBD
4. DLF/Limitless Megaproject -- "Mumbai's Manhattan"

Please see the latest "Mumbai Update" thread for the latest details on the above projects. (Current thread iteration: Mumbai Update VI - project news from Mumbai (http://www.skyscrapercity.com/showthread.php?t=420419))

-----==--=--==-----


Delhi, National Capital Region Megaprojects
1. Delhi 2021 Redevelopment Plan (http://www.skyscrapercity.com/showthread.php?t=439569)
2. DLF/Limitless Megaproject -- "Delhi's Manhattan"
3. Noida CBD including Noida Tower (750m a World's Tallest Building). Please see the latest NCR (National Capital Region) Developments thread for more details (Current thread iteration: NCR (National Capital Region) developments III (http://www.skyscrapercity.com/showthread.php?t=455370))
4. Gurgaon Golden Triangle City Centre (GTCC) CBD (http://www.skyscrapercity.com/showthread.php?t=411969) including four 140 storey WTB

-----==--=--==-----

Hyderabad Megaprojects
1. Hyderabad Manchirevula Future CBD (http://www.skyscrapercity.com/showthread.php?t=366633)
2. Lanco Hills Megaproject (http://www.skyscrapercity.com/showthread.php?t=435097)
3. Charminar City (See Manchirevula Future CBD (http://www.skyscrapercity.com/showthread.php?t=366633) thread)

-----==--=--==-----

Bangalore Megaprojects
1. Odyssey Science City, Anantapur (http://www.skyscrapercity.com/showthread.php?t=435097)

-----==--=--==-----

Chennai Megaprojects
1. ETA Tech City, Sriperumbudur (http://www.skyscrapercity.com/showthread.php?p=12630711#post12630711)

-----==--=--==-----

Cheers!
Jai

Jai, I love you! This is phenomenal! I wonder if it will go through...lets hope and pray...

GREAT update!

Cheers indeed!:cheers:

Great proposals. Even if 10% of the work comes through in next 5 years, it will be great.

:cheers:

Amesome!!! ^^

amazing stuff. These companies seem set on doing a China on the urban front it seems.

Where would they build this 'Manhattan' near Mumbai as most of the area is already occupied by Navi Mumbai/Maha Mumbai? Also, since they already have Gurgaon, why not just spend the money to turn Gurgaon into a Manhattan and not build a separate 'Manhattan'.

Where would they build this 'Manhattan' near Mumbai as most of the area is already occupied by Navi Mumbai/Maha Mumbai? Also, since they already have Gurgaon, why not just spend the money to turn Gurgaon into a Manhattan and not build a separate 'Manhattan'.

I agree.
Gurgaon is already an established suburb. i am sure these guys have the moolah to buy huge land here and build landmarks.

This article says that the Mumbai and Delhi townships will be 20,000 acres each.

http://www.business-standard.com/common/storypage_c_online.php?leftnm=11&bKeyFlag=IN&autono=21788

A source close to the development had earlier said that the joint venture would develop 20,000 acres each in Gurgaon (beyond Manesar and in conformity with the draft Master Plan) and in Maharashtra between Mumbai and Pune. Construction of the projects is expected to begin this year and the first phase of the development is targeted to finish in three years.

Manhattan is 14,478 acres (22.6 sq. mi.) (data from the net)

So it's not really three times unless the company meant total development area (40,000 acres).

Interesting... thanks for clearing it up Sun. Even 20,000 acres is still a huge deal :)

Interesting... thanks for clearing it up Sun. Even 20,000 acres is still a huge deal :)

It is.

:)

The area between Mumbai and Pune doesnt have any major waterfront.
Its most probably going to be in and around a lake along the expressway.

This will be the 3rd major project between Mumbai and Pune besides

1. Amby Valley ( 10,000 acres, Rs 15,000 crores) - 135 km from Mumbai and 90 km from Pune

2. Lavasa city ( 15,000 acres ~ Rs 20,000 crores) - 200km from Mumbai and 40 km from Pune

From the official press release from Springfield Land Development Corp.'s website, theysay Science City is the "first of several projects several projects with Juron in India which have now come to fruition."

I guess that means there are even more megacities in the lineup! :cheers:

Springfield Land Corporation Signs New City Deal in India (http://www.greaterspringfield.com.au/medNewsDetail.php?ID=101)
...

“Springfield Land Corporation has been actively looking at the growth of India for approximately two years; starting with the city of Bangalore because of its recognition as a high growth IT centre, “ said Mr Sharpless.

“In the early days we were very interested in seeing whether we could attract IT companies into the Greater Springfield project and also learn from some of the major IT parks that have been developed in Bangalore. Springfield Land Corporation was subsequently invited by Jurong to partner with them in large scale projects in India. This project represents the first of several projects which have now come to fruition.

...

It looks like it's between Pune and Mumbai.
Scheduled to be completed in 2013, with more than 70% of the land already acquired.
http://www.atimes.com/atimes/South_Asia/IC30Df02.html

Investors line up for India's real estate
By Siddharth Srivastava

*** DELHI - India's real-estate boom keeps getting bigger. In the past few weeks, private investments in the sector amounting to US$50 billion have been announced.

This week, the country's biggest real-estate developer, DLF, inked a $20 billion deal with the largest privately held real-estate developer in the world, Al Nakheel of the United Arab Emirates, to build two townships in northern and western India.

"We have signed a 50:50 joint venture with Al Nakheel to develop

integrated townships with an investment of $20 billion," a DLF executive said on the sidelines of a conference of UAE and Indian officials, business and political leaders in *** Delhi.

The companies will initially invest $5 billion each in the next three years to develop about 16,000 hectares, most probably in the states of Haryana (Gurgaon) and Maharashtra (between Pune and Mumbai).

The townships, scheduled to be completed in 2013, with more than 70% of the land already acquired, will feature an integrated combination of residential, retail and commercial properties.

DLF has already applied to statutory regulators for the second time to launch a public float that could raise about $2 billion for a 10.2% stake. Joint-venture partners include Hilton Hotels, Feedback Ventures and the UK-based infrastructure company Laing O'Rourke.

In another deal announced this week, the Hinduja Group, owned by the ******-based Hinduja brothers, said the company planned to start a chain of hospitals in India with an investment of $1 billion in a tie-up with *****'s government-owned Limitless LLC. Under the project, hospitals would be established in the major Indian cities of Delhi, Mumbai, Bangalore and Hyderabad.

In January, Macquarie Bank, Australia's largest securities firm, announced that it would invest US$25 billion along with three partners to create an ultra-modern integrated township on 26,300 hectares in Andhra Pradesh, just 170 kilometers from software hub Bangalore.

Last month, Tishman Speyer Properties LP, which owns *** ****'s famous Rockefeller Center and Frankfurt's MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 160 hectares near Hyderabad.

Indeed, real estate has been a focus area for investors. There have been warnings about a speculative bubble and the need to set up a regulatory authority to ensure transparency.

But observers have said that the investment is the result of real pent-up demand arising from runaway economic growth and rising incomes. It is expected that the creation of adequate commercial/residential space will rein in runaway prices, which are beyond the reach of many people.

Currently growing at 30% per annum, the Indian real-estate market is estimated to be worth more than $15 billion. A recent study has shown that domestic and overseas investors and private-equity funds are looking to pump a whopping Rs320 billion ($7.36 billion) into India's real-estate sector.

"The transparency in real estate has contributed to the increase in interest by domestic and financial institutions, resulting in greater availability of financing for real-estate developers," an ICICI Property Services-Technopak paper said.

In what could be a fillip to massive real-estate opportunities, *** Delhi is keen that proposed special economic zones (SEZs) remain on course despite massive farmer protests in Nandigram, West Bengal. Recently, Prime Minister Manmohan Singh said government was moving slowly because of "inadequacies", but made it clear that the decision was "irreversible".

This week he said: "There are issues pertaining to land alienation and displacement of people, and these must be addressed.

"We will address them to the satisfaction of all. I do not see any reason why there should be a conflict between industry and society. The development of modern industry should be a societal goal."

As per government estimates, more than 250 SEZs proposed to be set up have a projected investment of $100 billion and employment potential for 2 million.

Last year, India's largest private-sector entity, Reliance Industries Ltd, and the Haryana government signed an agreement for setting up India's single largest multi-product SEZ, involving an investment of nearly $9 billion.

Although all SEZ approvals have been put on hold after the Nandigram violence, *** Delhi is widely expected to give the go-ahead. States such as Tamil Nadu, Gujarat, Andhra Pradesh, Karnataka and Haryana, where the land-acquisition process has been peaceful, have been pushing for SEZs.

Hospitality is one red-hot area into which an estimated $2 billion is likely to be pumped over the next three years, the bulk of it through private-equity funds. Many funds are allocating as much as 50% of their planned real-estate investments into the sector, as hospitality remains highly under-serviced, with a huge demand-supply imbalance.

This year's budget has provided a further fillip through the tax holiday announced by Finance Minister P Chidambaram in advance of the Commonwealth Games in Delhi. This week, the Haryana ***** Development Authority sold a 2-hectare plot for a five-star hotel in Sector 47, Gurgaon, for a humongous Rs2.5 billion ($57.5 million).

The ICICI-Technopak study charted the future of mall development. It predicted that because of the sustained yield of about 18% in the retail real-estate sector, the next stage of sophisticated funding mechanisms might include real-estate investment trusts, real-estate mutual funds (REMFs), venture-capital funds and initial public offerings.

Apart from DLF, other developers - including Omaxe Ltd, Puravankara Projects Ltd, Housing Development and Infrastructure Ltd, IVR Prime ***** Developers Ltd and Kolte Patil Developers Ltd - have also filed red-herring prospectuses with the regulator. However, poor performance of recent issues because of high interest rates and fluctuating stock markets have made retail investors wary.

The paper concluded that REMFs would institutionalize investments and provide a major source of capital for the industry. At the same time, a mix of retail investors and institutional investors would be good alternative solutions.

Another major source of funding is from the Middle East and Southeast Asia. Emaar Properties (*****), IJM Corp (Malaysia), Lee Kim Tah Holding (Singapore) and Salim Group (Indonesia) are looking to invest more than Rs50 billion.

While Bangalore, Delhi and Chennai figure prominently in everybody's plans, *** and cheaper locations are being charted in Andhra Pradesh, West Bengal, Tamil Nadu and Rajasthan, the study said.

According to Peter Penhall, chief executive officer of Gowealthy.com, one of the Middle East's well-known real-estate and online property-brokerage portals, India will see an international shift in the real-estate sector due to the ongoing information-technology boom.

Siddharth Srivastava is a *** Delhi-based journalist.

What I read about Gurgaon is that the developers and city are trying to restrict the population density to 100 per km and go even less to 80 per km so that the quality of life is good. The characteristic feature of a 'Manhattan' is, on the other hand, high population density. So I don't think that they really want to reinvent a Manhattan in India.

Besides, even if you could copy some of the physical infrastructure of Manhattan (the part that doesn't seem like its run down), could you recreate the culture?

I think that these articles are just hype to generate interest. But I suspect that the developers don't really want to recreate Manhattan or something similar. They want to create better cities than that - eco friendly with lots of greenery with adequate infrastructure. Hats off to them if they succeed.

:cheers:

I believe that Delhi might itself be a lost cause given the haphazard (and illegal) 'development'.

‘Manhattans’ near Mumbai & Delhi (http://indiapost.com/article/realestate/259/)
Thursday, 04.12.2007, 03:48am (GMT-7)

NEW DELHI: Private money amounting to $47 billion :eek2: or Rs 203,000 crore is being invested over the next couple of years to create four ultra modern cities in India from ground up. According to DLF, the cities near Mumbai and Gurgaon will be three times as large as New York’s Manhattan Island. The other two cities will be near Bangalore and Hyderabad.

To showcase the India potential in real estate, KR Capital Management LLC (USA) and its company owned subsidiary ‘KR RealTech Consultants Pvt. Ltd. (India) have organized ‘Horizon - India Real Estate Expo 2007’, in USA from April 14 to 22.

Horizon 2007 is the platform where one can meet clients who are searching for premium residential and commercial properties in India, and prospective foreign institutional investors who are on the look out for investment opportunities in real estate in India. As one of the most diverse India Real Estate Expos ever, Horizon presents premier projects from the most prominent real estate developers from all major Indian cities such as: Delhi & NCR, Chennai, Kolkata, Mumbai, Cochin, Jaipur, Bangalore, Hyderabad, Chandigarh, Goa, Lucknow and Pune.

Earlier this year, Macquarie Bank, Australia’s largest securities firm, had announced that it will invest $25 billion along with three partners to create an ultramodern integrated township on 65,000 acres in Andhra Pradesh, just 170km off Bangalore. Also, Tishman Speyer Properties LP, which owns New York’s famous Rockefeller Centre and Frankfurt’s MesseTurm, said it, along with ICICI Bank and Nagarjuna Construction Co, will build a $2 billion residential and commercial township for 30,000 people, spread over 400 acres near Hyderabad.

The latest announcement has come in from Al Nakheel LLC, an international property development firm owned by the Dubai government, which said it will, along with DLF Ltd, build two ‘Manhattans’ near Mumbai and Gurgaon, spread over 20,000 acres each. Each city will cost about $10 billion or Rs43,300 crore to construct, with the first phase, expected to be completed by 2010, seeing the partners investing $5 billion apiece.

All the four cities will be world-class and self-contained, with wide, international-quality roads, telecom networks, educational institutions, industrial clusters, hospitals and amusement parks. Dubai based retail group Landmark, known for its chains like lifestyle and Home Centre will be pumping in $500 million in India over the next three years to expand its retail presence. A report said that the group now plans to enter the hospitality business.

The top management of the Dubai-based landmark group is in India to finalize its expansion strategy. The group currently has 1 million square feet of retail space in India with stores like Lifestyle, Max and Home center, and aims to have four million square feet by 2010. Foreign funds are moving into real estate because the 9-10 per cent economic growth foreseen will explode demand for homes, commercial space. House prices in Mumbai, Delhi, and Bangalore have more than tripled since 2004.

India Post News Service

looks like we have a 5th new town coming up now - this one's near Chennai.. :)

this is from the Chennai Projects & Updates thread..

CHENNAI: In what could be the biggest gated township for a potential 1,25,000 manufacturing workforce, Sriperumbudur, Tamil Nadu’s manufacturing hub, will soon host a mammoth integrated township.

The project, over 1,200 acres, will be in close proximity to the Nokia, St Gobain Glass, Foxconn and Motorola facilities.

The township would be set up at an estimated investment of Rs 12,000 crore by Dubai-based ETA Star Property Developers Ltd, said PHM Syed Ismail, managing director, ETA Star Property Developers.

“We have purchased 250 acres so far and will complete the process of buying the remaining 950 acres over the next six months,” Ismail said.

He added the basic infrastructure for the mega township, ‘ETA Tech City’, would be ready in the next 18 months, there would be a further gestation period of seven years before the project was drawn to a close.

The Tamil Nadu Industrial Development Corporation (TIDCO), which is providing facilitation and escort services for the project, has contributed 0.1 per cent (Rs 49 lakh) of the project cost, according to Ismail. The facilitation fee to be paid for TIDCO’s services is being worked out.

ETA Star Property had brought in Rs 150 crore as foreign direct investment (FDI) for the project, Ismail said, adding the company was in discussions with two European and two US partners to finalise a special purpose vehicle (SPV) for implementing the project.

ETA Star is looking at a 40:59.5 partnership with the prospective SPV partner.

ETA Star is the property wing of the $4-billion UAE construction giant ETA Ascon.

“We are looking at developing a total area of 5 crore square feet, which will comprise all ingredients of a first-class township,” Ismail said, adding, “These will include individual bungalows, apartment complexes, exclusive IT zones, swimming pools, club houses, an 18-hole golf course, a mini golf course, a cricket stadium, a school and a medical centre.”

ETA is also developing a 3 million square feet IT park on Old Mahabalipuram Road and has launched a 4.4 acre residential complex, called Jasmine Court, at Porur in Chennai with a built-up area 2.87 lakh square feet. It was involved with the development of the Chennai CitiCentre shopping mall in Chennai over a year ago.

:cheers: http://www.business-standard.com/compindustry/storypage.php?tab=r&autono=281049&subLeft=1&leftnm=1

‘Manhattans’ near Mumbai & Delhi (http://indiapost.com/article/realestate/259/)

Dont a lot of these cities still have highly restricted height limits, and power/water issues?

I love these articles talking about massive investment - but I have a feeling it will amount to more steriotypical mid-rise beige blocks with no charecter covering hectares of cityscape.

looks like we have a 5th new town coming up now - this one's near Chennai.. :)

this is from the Chennai Projects & Updates thread..
Awesome!! I added it to the above list.

Here's another article that gives the investment in USD:
ETA Star to set up $3b project in India (http://www.menafn.com/qn_news_story_s.asp?StoryId=1093151619)
MENAFN - 01/05/2007


(MENAFN) The Chief Executive Officer at Dubai-based ETA Star announced that the company is planning to build a residential project in Chennai, India at a total cost of $3 billion, Gulf News reported.

He indicated that the project, which will occupy an area of 1,200 acres, will offer mixed-size apartments near the Chennai International Airport, with other facilities such as children's play area, swimming pools and basketball courts.

He added that Chennai, India's third largest commercial and industrial centre, attracts a large number of professional residents and tourists who come to visit the city's numerous sporting venues and attractions.


And from ETA Star's website:
ETA Star to invest Rs. 13,500 crore in Chennai (http://www.etastar.com/content/eta-star-to-invest-rs-13500-crore-in-chennai.html)
ETA Star plans to invest over Rs. 13,500 crore in Chennai and its surrounding areas for developing property.

The company will establish an integrated township on 1,200 acres at Sriperumbudur with an outlay of Rs. 12,000 crore and five new projects with an investment of Rs. 1,350 crore.

Addressing a press conference here on Thursday, P. H. M. Syed Ismail, Managing Director of the company, said Chennai and its surrounding areas were buzzing with activity. He said after its successful launch of its Bangalore properties `Binny Crescent’ and `The Garden’ had now entered Chennai.

Mr. Ismail said ETA Star had already acquired 250 acres at Sriperumbudur. The integrated township would have a built-up area of five-crore sq. ft.

ETA Star would create a separate special purpose vehicle for the project in which it would hold 59.9 per cent, a foreign partner 40 per cent with TIDCO 0.1 per cent. ETA Star was talking to a few companies in the U.S. and Europe.

Mr. Ismail said the gestation period for the project was six to seven years from 2008 onwards. He said the Sriperumbudur project would be operated on the basis of FDI (foreign direct investment) norms.

About other projects, he said the company had launched its residential project - Jasmine Court - on 4.4 acres near Porur in Chennai. The total cost of the project was Rs. 80 crore. The residential apartments would range from 1,100 to 1,557 sq. ft., with a price range of Rs. 2,990 per sq. ft. This project would be the maiden residential project for ETA Star in Chennai.

ETA Star also planned to come up with two more residential towers on Old Mahabalipuram Road (OMR) and Greenways Road in Chennai. The OMR project would come up on a six-lakh sq ft. area and would cost nearly Rs. 240 crore. The company was also setting up a Rs. 600 crore Techno Park on OMR, he said.

1,200 acres and $3 billion investment is huge

Mumbai's Hyatt: The new Times Square
SUDESHNA SEN

TIMES NEWS NETWORK[ FRIDAY, MAY 04, 2007 01:08:48 AM]

LONDON: Mumbai's skyline could soon rival Manhattan's. Coming up, in Marine Lines, is south Mumbai's first large five-star hotel in the past 30 years. The Hyatt hotel is being designed by international hotshot architects, Fox and Fowles, designers of the iconic Conde Nast and Reuters Buildings, as well as as Nasdaq's landmark corner market site with its giant electronic display, in Times Square, New York.

We don't know exactly how tall this one's going to be, but if No 4, Times Square is any indication, expect it to loom over the rest of the Queen's Necklace. "South Mumbai has had no new really large hotels since the Hilton, this will fill that need," says Ashish Kalra, the New York –based managing director of Trikona Capital, one of the main investors in the project. Trikona is the asset manager for the Aims-listed Trinity Capital plc, which has invested and committed GBP 196 mn in India on real estate deals in the one year since its IPO.

The South Mumbai hotel project is part of a three-hotel luxury project being developed by Neelkamal Realtors, in Mumbai, Pune and Goa. All three will be managed and operated by Hyatt. Neelkamal MMDPL is an SPV set up in partnership between Mumbai-based property developers Dynamix Balwas and Trinity Capital. Trinity has an investment of GBP 11.9 mn in the SPV.

While the hotels in Goa and Pune are under construction, as of now, for the Mumbai project, the land has been vacated, and pre-construction planning and soil-testing done. Hyatt already has two hotels in Mumbai's suburbs. The hotels in Pune and Goa are being designed by international architects Buro Happold for Pune and GA Design in Goa.

The swank new hotel is South Mumbai is just one of Trinity's showcase investments; "Many foreign investors come and take a look at India, and then complain that real estate has a lot problems, with titles, with regulations and so on. Our strategy is to build a network of sustainable partnerships that will give us a steady flow of deals, along with a strong team of our own with expertise across sectors like hospitality, infrastructure, roads, healthcare and retail," says Mr Kalra.

Trinity has a JV with IL&FS, stakes in Fortis and Pipavav Shipyard, and investments in projects with Lokhandwala, Rustomjee Township, Uppals, and Manjeera in the south. The fund, which raised GBP 250 mn in April 2006, has recently announced that it has reached full investment ahead of schedule, and has a portfolio of 11 investments with a total development potential of 31 mn sq ft.

The fund's most recent deal was also with Dynamix Balwas, where it picked up a 5.92% stake in DB Realty Ltd, a GBP 500 mn SPV that is part of the Dynamix Balwas group for GBP 25.72 mn, to develop 12 real estate projects in central and outer Mumdai.





Another supertall in south Mumbai...:banana: and its gonna be 82 storey tall
882,000 sq ft. This could be around 300 metre +/- building ???

Hyatt Mumbai
http://img183.imageshack.us/img183/839/71847210ma1.jpg (http://imageshack.us)


http://img183.imageshack.us/img183/9750/67359771uy0.jpg (http://imageshack.us)

Guys, this one even has a helipad on the roof..now thats awesome
http://img183.imageshack.us/img183/7104/77463611bw6.jpg (http://imageshack.us)


more info.
http://img238.imageshack.us/img238/865/16321768xk3.jpg (http://imageshack.us)

Awesome! But what's the source for the renders and height? The FxFowle site (http://www.fxfowle.com) doesn't have any info on this.

BTW, ya forgot the link to the text article

http://economictimes.indiatimes.com/Mumbais_Hyatt_The_new_Times_Square/articleshow/1999730.cms

oh yea...its the website of the architects.
There is information on the website. The height isnt given though. Just a guess.

www.fxfowle.com> work > international

http://www.fxfowle.com/

Another render
http://img101.imageshack.us/img101/3409/81747062uy1.jpg (http://imageshack.us)

:righton:

that one's a beauty!!

yes it is...and the pre-construction work has already been started in Mumbai, so this project is coming up for sure The design looks interesting too. :cheers

Does anyone have sattleite images of the construction site? I'd love to make a GE model of it.

82 stories!!! And it looks nice too! HELL YEAH!!

Also, it looks massive in the render (placed in Mumbai) that could be the start of Mumbai's supertall boom, fellows.

Good project. need to work on facade BTW, its too boxy & blockish. nonetheless a great start towards 100F.

A82 storey tall

Hyatt Mumbai
http://img183.imageshack.us/img183/839/71847210ma1.jpg (http://imageshack.us)

http://img183.imageshack.us/img183/9750/67359771uy0.jpg (http://imageshack.us)

^^ actually i loved the facade.. very glassy and very modern.. and since it's a bunch of boxes at angles, that isn't much of an issue either if you ask me..

:)

@boxness

I think that will look better in real life.

Another supertall in south Mumbai...:banana: and its gonna be 82 storey tall
882,000 sq ft. This could be around 300 metre +/- building ???

Hyatt Mumbai
http://img183.imageshack.us/img183/839/71847210ma1.jpg (http://imageshack.us)


http://img183.imageshack.us/img183/9750/67359771uy0.jpg (http://imageshack.us)

Guys, this one even has a helipad on the roof..now thats awesome
http://img183.imageshack.us/img183/7104/77463611bw6.jpg (http://imageshack.us)


more info.
http://img238.imageshack.us/img238/865/16321768xk3.jpg (http://imageshack.us)

oops, seems you found it much before me

If it really does turn out to be 420m, it'll have the world's highest elevated helipad (the current highest helipad on a skyscraper is the one on the 310m US Bank Tower in LA).

oh yea...its the website of the architects.
There is information on the website. The height isnt given though. Just a guess.

www.fxfowle.com> work > international

http://www.fxfowle.com/

Another render
http://img101.imageshack.us/img101/3409/81747062uy1.jpg (http://imageshack.us)
Cncity, where did you find those two renderings? I searched the website with no luck

Cncity, where did you find those two renderings? I searched the website with no luck


I dont remember exactly, i will try to find out. But it was found along with the Indian architect at Fx and Fowle company.Its not the Fx fowle's website though.Its some other website. The tower was earlier named as 'India Tower' when initially designed. It wasnt known as the Hyatt. I think they officially made it Hyatt when the tower was finalised. The pre-construction work of this tower is almost complete and the actual construction might start very soon. Ill post the link as soon as i find that link.

^^ here's the link

http://www.newyork-architects.com/index.php?seite=ny_further_projects_us&system_id=10529&profile_sprache=us

.

Awesome, thanks :)

Even Ambani's new home did not get permission for helipad (http://economictimes.indiatimes.com/Ambanis_40-storey_green_house/articleshow/1942946.cms). I wonder how they managed it!!

oops, seems you found it much before me

I just realized... that while the Park Hyatt is a great project to be sure, but it isn't really a megaproject, which usually refers to either a large-scale multi-use project and/or significant (billions of $) investments. It's best to be discussed in the Mumbai updates thread, so as not to clutter up this one (I'm guilty too)

Mods, is it possible to move posts from one thread to another? If so, can these posts be transferred to the Mumbai updates thread?

Amazing tower!
it's awesome to see India(one of my favourite countries) with beautiful skyscrapers!:)
one question: are emaar propreties behind this project?
if not what is the company?
thank you and Go India go!:lol:

^^ Which project? If you mean the Hyatt then its fxfowle architects

Also, I also want to see India go! :)

Dont a lot of these cities still have highly restricted height limits, and power/water issues?

I love these articles talking about massive investment - but I have a feeling it will amount to more steriotypical mid-rise beige blocks with no charecter covering hectares of cityscape.

Aha realism

^^ Which project? If you mean the Hyatt then its fxfowle architects

Also, I also want to see India go! :)

i mean the whole project of the 2 new manhattans?:)
yes india go, i want good things to india!:)

i mean the whole project of the 2 new manhattans?:)
yes india go, i want good things to india!:)

Oh... I have no idea! :lol:

Lol, cheers:cheers:

A nice table I found (http://moneytoday.in/20070419/upfront1.html) comparing some of the larger township proposals:
http://img340.imageshack.us/img340/8718/upfront2af37d0tg3.jpg

Looks like the middle east bigwig developers have big plans for India... BTW, Emaar's CFO seems to be Indian

India to generate 25% revenues for Emaar (http://economictimes.indiatimes.com/India_to_generate_25_revenues_for_Emaar/articleshow/2148773.cms)
SUDIPTO DEY

TIMES NEWS NETWORK[ TUESDAY, JUNE 26, 2007 12:30:19 AM]
DUBAI: The boom in India’s real estate sector may have a rub-off effect on global players. For Dubai-based real estate major Emaar Properties, with revenues of $3.8 billion in 2006, India is a key international market that would account for 20-25% of its global revenues by 2010. Currently, almost 80% of Emaar’s revenues come from projects in the Dubai market.

However, by 2010 the group expects the share of its international projects in its top line to be around 70%, with the Dubai market accounting for the remaining. Apart from markets in United Arab Emirates, Emaar Properties has presence in more than a dozen countries including United States, United Kingdom, Saudi Arabia, Syria, Jordon, Turkey, Lebanon, Egypt, Indonesia, Singapore, and Canada.

“India is a very important market in our international operations which is likely to account for up to 25% of our global revenues by 2010,” said Emaar Properties CFO Amit Jain.

The Middle East-based real estate giant, as part of its plans to replicate the model of large-scale development of master-planned communities involving commercial, residential, retail and hospitality projects in markets across the globe, has earmarked investments to the tune of $12 billion over the next five years in India.

On the drawing board are setting up the country’s largest shopping mall complex and the tallest building, senior company executives said. Emaar is present in India through a joint venture with Delhi-based MGF Group.

“Several model projects are in the offing in India over the next six months,” said Shravan Gupta, managing director, Emaar MGF India. Emaar MGF has also qualified for development of the Commonwealth Village in Delhi that would house over 8,000 athletes and officials in 5,000 dwelling units.

Plans are also in the offing to replicate Emaar’s flagship project Burj Dubai in India, though on a much smaller scale. The ongoing $20 billion-Burj Dubai project, spread over one-square kilometer in downtown Dubai, includes the world’s tallest building, 30,000 residential units, nine hotels with 2,000 rooms and over 5 million square feet of shopping space in The Dubai Mall.

Emaar executives claimed that by August this year, Burj Dubai is expected to replace the 509-meter tall Taipei 101 tower in Taiwan, as the world’s tallest building. Burj Dubai has already bagged the second tallest building in the world tag with 134 floors and adding one floor in three days - with a height of 484 meters, overtaking the likes of Sears Tower, The Petronas Twin Tower, and the Empire State Building.

Mr Gupta said currently only Delhi and Mumbai markets have the potential to support the development of such tall buildings, with well-defined residential, commercial, hospitality and retail spaces. “We are looking at Burj-like developments in India but on smaller scale as compared to the Dubai property,” he added.

The India story for Emaar does not end with its investments in India. Over 40% of buyers for Emaar’s properties in Dubai are from the Indian subcontinent. “This more or less is in line with the demographic profile of Dubai,” said Mr Jain. There has been a growing interest from NRIs and high net worth individuals from India in Dubai’s housing market, he conceded.

Talking to ET, Mr Jain said the proposed initial public offer of Emaar MGF next year would largely fund the development of the ongoing projects in the country. “While this gives us access to cheap capital for development of projects, it would also help to bring more discipline in the local operations,” he added.

As per Emaar’s global strategy, it plans to take the IPO route in all countries in which it has presence. Emaar Properties is already listed in Dubai’s financial market and is part of the Dow Jones Arabia Titans Index.

http://img101.imageshack.us/img101/9559/15107150oy5.jpg

http://img70.imageshack.us/img70/4176/lanconw5.jpg

http://img257.imageshack.us/img257/3541/lhbookingqv0.jpg

Wat to say about this. Its the best i wud say!!!

If they are going to redevelop the Dharavi slum, they'd have to clear out the entire area because it looks like a major-league mess. What kind of buildings should be built in Dharavi? Are there any existing modern-looking buildings or skyscrapers in the area today? Should the crap-infested Mahim Creek be cleaned up in the process?

What? Nobody answered my post? This is supposed to be an important topic, seeing as the plans to give the cities new skylines would involve slum redevelopment.

What? Nobody answered my post? This is supposed to be an important topic, seeing as the plans to give the cities new skylines would involve slum redevelopment.

here are the answers

mumbai-manhatten - RIP
hyderabad-manhatten - RIP
bangalore-manhatten - RIP
delhi-manhatten - RIP

either we all massively underestimated the level of effort it took into bringing manhatten upto what it looks now or just plain delusional. you cannot just take overpopulated cities with little or no infrastructure, bad planning, corrupt legacy system of management and build manhattens in or around them. let the bhaiyyas and the baniyas learn how to throw trash into properly designated trash bins and some behavioral etiquity and then we can dream about manhattens.

??

Dude, there's just scepticism and then there is outright, baseless pessimism.

These projects are not going to just happen overnight, no one said they are, but they're hardly RIP.

Dharavi redevelopment shortlisting is in the final stages (and meanwhile, mill land and slum redevelopment has made for a number of non-megaproject supertalls), DLF-Nakeel projects both in Blore and Mumb are still in planning stages, Science City near Hyd is pretty much given the green light for final land acquisition, Gujarat Int Fin Tech City is to begin construction in June, Noida's Unitech Grande megaproject is to begin this year, APIIC CBD and Lanco Hills (despite some new grumblings) are still very much viable, etc.

The only projects that have had no movement that we can see is the Delhi NCR area cbds and redevelopments -- only because hard planning for them ain't even going to start until after 2010! They're called development visions for a reason. They outline a potential future framework that detailed future planning and development takes place over, and ensure that the objective is defined and remains constant


My whole time on SSC, I've taken the optimistic view of every project. And so far I have been 100%, unfailingly never let down. It blows my mind the institutional pessimism, psychosis of unremitting negativism and the self-flagellation that the India-Indian seems to revel in.

Yeah there's going to be potholes on the road, and delays. These are to be expected in a development of a country that is a democracy. These delays are almost essential because they ensure that the lowest rung on the ladder can have his say and his interests looked after. If these projects were all cleared in zero time, I'd be terrified because that means that the democratic system failed.


Jim,
The Dharavi redevelopment is a major Mumbai project. It's been discussed and followed with great detail. Pls check out the Mumbai Projects thread :)

-Jai

lets back up there for a second
manhatten has 200+ buildings of over 150 meters and above in length.
around 70% of the fortune 500 companies have their offices there.

now the main question arises. i.e. the one of occupancy.
let us say in some parallel universe these manhattens do arise.
who the hell is going to occupy them. and then you go so far as to claim that the delhi-manhatten is 3 times the area of the real one. what are we building these manhattens for? ghosts?

ever if we look into the future like you said. the rate at which the rupee is rising
it is highly unlikely that multinationals would set up shop here. makes no sense as it will not save them a penny.

I think the usage of the word Manhattan should not be taken literally. All that was probably mentioned (http://www.ameinfo.com/114740.html) is that the townships will be larger than Manhattan in size. We always hear developers using the term "Singapore (like) Township" in India. But we really haven't seen any Singapore in India yet. It is a marketing issue.

As I have pointed out earlier, the "three times the size of Manhattan" is probably incorrect as well.

I personally don't expect these townships to be like Manhattan. Rather they will be like Gurgaon or Greater Noida or New Town Kolkata.

But if they get built, they will be megaprojects.