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Nagpur Projects Thread

718220 Views 1911 Replies 113 Participants Last post by  ketan51356

The oldest composite textile mill in the country - the Empress Mills founded by Sir Jamsetji Tata in the heart of Nagpur has been sold by the Maharashtra State Textile Corporation (MSTC) to the Tayal family-promoted KSL & Industries.

The 35-acre mill complex, on the embankment of Gandhi Sagar Lake, to be rechristened ‘Empress City' will now host an IT Park, a five-star hotel, a 3 lakh sq ft mall and a series of upmarket residential towers.

The KSL Group bagged the closed mill for Rs 35 crore at a competitive auction with 10 bidders that included two Nagpur-based builders and a few Mumbai developers, including Kalpataru Overseas. However, the mill comes with 10,500 workers and their severance package has cost the Tayals an additional Rs 55 crore.

“Stamp duty and other interest costs has made the Empress Mills a Rs 100-crore property, but we were lucky to ‘book’ it before the real estate began shooting up,” PK Tayal told ET. “Today, it is worth over Rs 500 crore,” he claimed.
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Here are 2 pics of an u/c mall that I took during my trip to Nagpur. Which mall is this?
It's Poonam Mall on VIP road...
Indu Projects, CARE, Hopkins to jointly set up health city

NEW DELHI: A consortium of real estate developer Indu Projects, US-based healthcare major John Hopkins and Hyderabad-based CARE Hospital is setting up a 2,000-bed health city in Nagpur. The consortium will invest around Rs 750 crore in the project through a combination of debt and equity.

Ramana Reddy, who is heading the health city project for the consortium, told ET that it expects to get the regulatory nod in the next few months and the civil work will start by the end of the year or early next year. The health city envisions to build 10 superspecialty hospitals and will primarily target overseas patients. In the first phase, the health city will have 750 beds and it will be operational in the next 36 months.

more @
^ thanks

IQuest- it's being developed by KRaheja Universal group in Butibori-
Can't guess the number of floors in those last two buildings? any idea?

Major European investor tied up for renewable energy SEZ
A European firm is understood to have committed an investment of 3.71 billion euros (Rs 22,000 crore) in the special economic zone for renewable energy being developed by a Maharashtra government arm with a Central agency near Nagpur.

"We have zeroed in on a firm which will set up a major unit for annual production of 20,000 tons Polysilicon, a key component for solar panel construction," Renewable Energy Minister Vilas Muttemwar said. However, he did not divulge the name of the company which would bring in a major investment in the tax-free enclave.

The SEZ for renewable energy is being developed by the Maharastra Industrial Development Corporation and Indian Renewable Energy Development Agency. .

The state government has already issued a notification for acquisition of 2,000 hectares. Muttemwar said he did not foresee any problem over land acquisition.

The government has been giving a thrust to non-conventional energy sources, including wind and solar power. Various tax benefits have been given to investment in the renewable energy area in a country blessed with large wind and solar resources.
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Major hotels make reservations in city

26 Aug 2008, 0445 hrs IST, Shishir Arya,TNN

NAGPUR: The Mihan-fuelled realty boom is making several big hotel groups check into Nagpur.

Both national as well as global players in the sector have lapped up lands off Wardha Road, perceived to be the most happening tract in the city.

Some seven new players have plans to set up star hotels with some of them having already begun work. The first of these are expected to begin welcoming guests by 2010.

Recently, Mumbai-based Fariyas Group, having premium properties in Mumbai and Lonavala, has purchased a 2-acre tract in Khamla with plans to set up a 200-room five-star hotel there.

The plot has direct access to Wardha Road through Jaitala Road and is close to the airport. The building housing the over 50-year-old Marathi daily Tarun Bharat at Ramdaspeth is also set to pave way for a three-star hotel.

The Gurgaon-based Radisson Group has already started work on a five-star hotel off Wardha Road, and the Taj Group is also coming up with a hotel in the much-touted Empress City.

Sources say some of the hospitality majors purchased land off Wardha Road and plan to begin work in future. These include groups like Hyatt and Leela, among others.

Such groups have made investment three to four years ago, at that time the total investment would have come at around Rs 120 crore.

Today, only the land would be worth around Rs 700 crore. Building a star hotel would require an investment of at least Rs 100 crore and may go up depending upon the size, status and amenities offered, said an insider.

"Given the growth prospects, Nagpur was the next destination in Maharashtra. We have plans to set up with a five-star hotel with over 200 rooms," said a senior Fariyas Group executive.

The site off Khamla Road was chosen because it is close to the airport and yet slightly away from the busy Wardha Road, he added. Though he remained tight-lipped over the quantum of investment, he added that the group would come up with a modern hotel with a local flavour.

An executive of Radisson Group said that they aimed to finish construction by 2010. It too is coming up with a 200-room five-star hotel.

Appu Wadhwani of Heera Laxmi Infrastructure said the company had bought the Tarun Bharat property and expected to get possession by December. It hopes to complete construction of a three-star hotel at the site that admeasures 19,000 square feet in 18 months.

However, Anil Dandekar, Managing Director of Narkesari Prakashan and publisher of Tarun Bharat, refused to comment. Other players learnt to be coming up with hotels include The Kamat Group having Orchid chain of hotels as well as the Sun and Sand Group.

Former president of Vidarbha Industries Association Suresh Agrawal said the investments would bring a huge change in the city's profile.

"The top hotels would increase the city's appeal and make it even more attractive for investment. It would also give a fillip to ancillary industries and increase quality employment," he noted.
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Forever Jewellery to pump in Rs 400 cr for retail expansion

"We are launching four exclusive showrooms this year, including company's largest "Forever" showroom spread across 10,000 sq. ft in Nagpur," FPJ&DL managing director Jaikumar Begani today said while announcing the launch of its second showroom at Shivranjani crossroads in Ahmedabad.
^^ HEY!!! what is this??
please edit the post...
anyways here is the news to cheer for!!

Care Group Partners with John Hopkins to Set-up Health City
Around Rs 750 crore to be invested in the project

US-based healthcare major John Hopkins in partnership with Hyderabad based Care Hospitals Group along with real estate developer Indu Projects, will be setting up a 2,000-bedded health city in Nagpur, Maharashtra. The conglomerates will invest around Rs 750 crore in the project through a mix of debt and equity.
The Maharashtra Airport Development Authority, which is developing the SEZ, will lease the 74 acre land to the consortium for 66 years. After getting the required regulatory approval, construction will commence by early next year. The state-of-the-art health city would be equipped with 10 super-specialty hospitals and has its eyes set on overseas patients. In its first phase, it will have 750 beds and will be operational in the next three years. Whilst Care Hospitals will be handling the operations, John Hopkins is the knowledge partner and will hold equity in the association. Indu Projects will be funding the majority of the investment and is expected to hold a major stake, albeit the details of the holding structure are being worked out. Reportedly, healthcare majors like Manipal Health, Artemis Hospital, Singapore-based Parkway Hospitals and Reliance ADAG were in the pipeline for the mega-project. Fortis Healthcare was in the league as well to make the final bid. However, the hospital major backed out over differences about the operational structure of the project. Talks are still on with a Thailand-based group to set up a health and wellness village in the health city.
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Govt acquires 2,000 hectares for renewable energy SEZ

Government today said it has acquired 2,000 hectares of land to develop a special economic zone (SEZ) for renewable energy in Nagpur, which would become operational within 2-3 years.

"2,000 hectares of land has been acquired for the Renewable Energy SEZ in Maharashtra and it would become operational in 2-3 years time," Union Minister for New and Renewable Energy Vilas Muttemwar told reporters here.

This SEZ is being developed by the Maharastra Industrial Development Corporation (MIDC) and Indian Renewable Energy Development Agency (IREDA).

A European firm is understood to have committed investment worth 3.71 billion euros (Rs 22,000 crore) in the SEZ.

Government is focussing on non-conventional energy sources, including wind and solar power. Various tax benefits have been given for investments in the renewable energy area.
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This news is from Warora in Chandrapur district which is very near to Nagpur, so i think this is the right place to post it...Good to see that even other districts of Vidarbha region are catching up....:):)

Power SEZ at Warora gets green signal

NAGPUR: THE Ministry of Commerce and Industry, Government of India, in a notification dated September 3, has earmarked an area of about 100 hectares for setting up a sector specific Special Economic Zone for power sector at Warora in Chandrapur district.

The SEZ is being set up by Wardha Power Company Pvt. Ltd., a subsidiary of Hyderabad-based KSK Group. It is expected to generate 545 MW of electricity involving an investment of over Rs 2600 crore, sources close to the development disclosed. In fact, work at the unit had already begun in the month of May when the company got an in-principle sanction from the Board of Approval. But now, with the decks cleared by the Ministry of Commerce, things are expected to move faster. Another group named EMCO, is also coming up with a power generation unit near Wardha Power Company. Construction work at EMCO plant is also in full swing, said sources. Construction work of Wardha Power Company is in top gear and the production is expected to begin in the next year, revealed sources. The two mega power projects has a combined capacity to generate over 1000 MW of electricity.
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Satyam Computer acquires land for SEZ in Nagpur and Vishakhapattanam.

This really confused me. Have'nt they acquired the land yet???
Here is the link... What is the status of Satyam city that is being build up..
Nagpur centre will be operational with 3-4 years...
Read it carefully. It says-

Other than this, we have acquired space within a huge SEZ project near Nagpur where we plan to have a development centre of 8,000 professionals.

Land was acquired way back...and they have started construction work, i suppose.
I visited MIHAN in July. I don't think they have started construction work. DLF is the only company that had started construction work and it's still in the very early phase. Caliber Point might have started recently.
SP Infocity work also started in April, 2008.
Not sure about others...

Here is the link....

If this is true than it seems Nagpur fast turning up into major Aviation hub......
Hope Boing start construction soon....
This would be simply MIND BLOWING if it realizes....:nuts::nuts: GREAT !!!

from the same link...

The Russian military aircraft major, Sukhoi, will soon be setting up a civilian aeroplane manufacturing plant in Nagpur. "The Sukhoi will invest Euro 2 billion (Rs 13,600 crore) for manufacturing about 25 to 50 super jets initially and later 100 aircraft at full capacity," Union Minister for New and Renewable Energy Vilas Muttemwar said on Friday. "The super jets will be of 90 to 130 seats," Muttemwar said.

Maharashtra Chief Minister Vilasrao Deshmukh is likely to sign the agreement in the regard in the presence of Union Defence Minister A K Antony early next month. A Malaysian group, Al-Bukhari, which has expertise in developing airports will be a strategic partner in developing the Special Economic Zone for solar energy, he said. Bawasi, an Indian partner, will acquire land, rehabilitate the affected people and develop the SEZ as part of the prestigious international passenger and cargo hub in the city.

Muttemwar said Al-Bukhari will invest Euro 6 billion in the process of setting up mono crystalline growing facility having a capacity of 20,000 metric tonnes on a piece of land measuring 400 hectares. The aircraft manufacturing plant itself would provide direct employment to 15,000 persons and generate about 75,000 indirect jobs.
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TNT India plans major network expansions
TNT India is in the process of buying 400,000 sq ft area in addition to its existing 200,000 sq ft area in five major cities like Bangalore, Delhi, Mumbai, Nagpur and Kolkata in the next three years to expand its hub and spoke distribution network. The company is looking at acquiring land in all these cities.

In India, TNT follows three lines of distribution model — road express network, domestic air express and international express network.

“We have set up hubs in these cities and will be expanding them further so that each hub will further connect with 20-30 depots (spokes) around them. We are looking to set up warehouses in major cities to cater to the requirements of our customers,” he said.
Maharashtra-Sukhoi talks over Nagpur aircraft plant soon
October 6th, 2008 - 9:34 pm ICT by IANS -

Nagpur, Oct 6 (IANS) Maharashtra Chief Minister Vilasrao Deshmukh will hold preliminary talks next week with representatives of Russian aircraft maker Sukhoi regarding a proposal to set up a super-jet manufacturing plant here. The meeting, to be attended also by officials of Mukhtar-Al Bukhari’s Malaysia-based SKS Ventures and their Indian partner Vavasi Group, is slated for Oct 13 in Delhi, Deshmukh told reporters here Monday.

Mukhtar-Al Bukhari’s company has come up with a twin proposal to set up a Special Economic Zone for production of renewable energy equipment components and develop a new airport in Nagpur.

The two companies have shown interest in creating these facilities through their MIHAN (Multi-modal International Hub Airport at Nagpur) project being executed by Maharashtra Airport Development Company (MADC) of which Deshmukh is the ex-officio chairman.

Fresh from a ’successful’ business tour of Europe, Deshmukh also told reporters that he would persuade the Tatas to set up their Nano car project in Maharashtra now that they have resolved to move out of West Bengal’s Singur.

“Apart from ensuring them hassle-free operations and all necessary infra-structural facilities, the state will also offer Tatas a slew of incentives if they choose to set up their plant in some backward area of the state”, Deshmukh said.

The Chief Minister expressed confidence about removing ‘a few residual hurdles’ in the progress of Nagpur’s MIHAN project concerning acquiring of land for an additional runway in the city’s airport saying a more acceptable package of compensation and rehabilitation of those affected by land acquisition is being worked out.

TOI news:
CM to discuss Sukhoi proposal on Oct 13
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One more news related to Sukhoi manufacturing plant proposal -

Maharashtra govt to pursue civil aircraft mfg at Nagpur SEZ

Global Indian International school to open branch in Nagpur

Wednesday, November 12th, 2008 AT 4:11 PM
Tags: education

NAGPUR: Global Indian Foundation (GIF) which operates the largest Pan-Asian educational institution chain will open a branch in the city offering both International Baccalaureate (IB) and CBSE syllabus courses here.

GIF Vice-President and former High Court Judge Justice Chandrashekhar Dharmadhikari and CEO Maneesh Tripathi told reporters here today that the school would commence from the next academic session in 2009-10 for pupils from montessori to standard seven simultaneously.

Set up with 48 students in Singapore in the year 2002, GIF presently has 17,000 students across seven countries including Malaysia, Japan, New Zealand, Thailand, Vietnam and India, Tripathi said.

The school to be built on four acres of land would be run in association with G G Buty Memorial Trust, Vice Chairman of the trust's governing body, Kalyani Buty said.

“It is pollution free campus in Kalamana about 10 kms from city,” she said.
It will provide a mix of academic, aesthetic, creative and sporting elements to make learning an enjoyable and enriching experience, Buty said.

GIIS website -
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Radisson Hotel @ Wardha Road, Nagpur

Construction has started, first floor slab already completed...

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Reliance Power to set up 300 MW power plant near Nagpur

Nagpur, Feb 22 : Anil Dhirubhai Ambani Group (ADAG)-owned Reliance Power is setting up a 300 MW power plant at Butibori near here under the Group Captive Power Project model, costing Rs 2,000 crore.

Maharashtra Chief Minister Ashok Chavan laid the foundation stone for the project at a formal ceremony held today.

Reliance Power has formed a Special Purpose Vehicle (SPV) called Vidarbha Industries Power Ltd to oversee the project, which will have a debt-equity ratio of 80:20.

Over 2,000 industries located in the industrial areas of Butibori and Hingane will get power from this plant. The project is expected to be commissioned during 2011-12.

J P Chalasani, CEO of Reliance Power, said the company has plans to expand the capacity of the plant to 600 MW. He said the doubling of the capacity may not require doubling the investment.

"The company will go for optimal utlisation of the plant. The capacity expansion is feasible, though the additional 300 MW will come up six to 12 months after the commissioning of the first phase," he said.
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Sushilkumar Shinde lays foundation stone of 1000 MW NTPC–Mauda thermal power project

Union minister of power Sushilkumar Shinde yesterday laid the foundation stone of NTPC's Mouda thermal power project at Mouda near Nagpur in Maharashtra.

NTPC will is investing Rs5,459.28 crore in Mauda, which is its first project in Maharashra.

The Mauda project will have two units of 500 MW each and on completion, the station will supply power to the states of western region.
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