Tanaji Malusare City has been made be SCS India Ltd with its proprietary construction technology and having been implemented world wide. This system can facilitate builders & developers to erect their structures in half the time compared to conventional brick & mortar system.
Sterling are global engineering & construction company with a proprietary concrete building technology with dedicated team to provide support and services to the multi location projects on following activities-
• Planning & design
• Budgeting & estimation
• Project management
• Structural design
• Trained contracting resources
Courtesy: www.scs-world.com
Eredene Capital PLC is a UK-based company which invests in infrastructure projects and real estate development in India. It focuses primarily but not exclusively on logistics, distribution warehouses and port services. The Eredene Group has made six investments in India to date - five in logistics and infrastructure and one in a residential development. Three of its investments are revenue generating.
Eredene trades on the Alternative Investment Market (AIM) of the London Stock Exchange (ERE.L). Eredene has a dedicated project team and an established Indian investment partner.
Eredene has committed up to Rs. 132 Crores with the final equity stake dependent on whether Eredene exercises all its options to invest further tranches and on whether MRPL achieves land acquisition milestones. Eredene held a combined direct and indirect stake in MRPL of 55% as at 31 December 2007.
Courtesy: www.eredene.com
Tanaji Malusare City, Karjat (Maharashtra, India) is an initiative of Matheran Realty Private Limited (“MRPL”), a Mumbai-based development company whose core focus is building affordable housing in India and in which London-based Eredene Capital PLC (Eredene Group) is a major investor.
Over the next 8-10 years, MRPL plans the phased acquisition of land to build low-cost residential units at a number of suburban sites on or close to the Mumbai railway network. Such sites will be within commuting distance of Mumbai to meet the soaring demand for affordable housing from the city’s increasingly prosperous blue collar workforce. Surveys have identified a critical shortage of affordable housing for the estimated 30% of Mumbai’s 18 million people who earn Rs. 100,000 per annum or less. MRPL’s housing units will range in size between 300 square feet or more and will typically cost between Rs. 300, 000* and above. Overall 54.5% of Mumbai lives in slums without proper water, electricity, or sewage treatment system. Thus, adding to the increasing demand of proper affordable urban housing demand of Mumbai.
MRPL has sourced a number of sites within railway commuting distance of Mumbai and has started to acquire land with planning permission for residential development in the Karjat area, east of Mumbai.
Significant road and rail improvement projects are expected in and around Mumbai over the next five years making the selected locations more attractive as residential areas. These projects include the new international airport at Panvel and the Mumbai Trans-Harbour Rail Link, which will reduce the commuting time from central Mumbai to Mumbai’s Southern and Eastern suburbs by approximately half in some locations.
MRPL has awarded Sterling Construction Systems Ltd (SCS) the contract to build the units using its fast, low-cost construction method based on prefabricated Hardiflex fibre cement boards which has been successfully applied in housing projects in the Philippines, Australia, Jordan, Vietnam, and in residential development in India close to where MRPL is building its first units.
The township Tanaji Malusare City, at Karjat (Maharashtra, India) is being master-planned by SKM Australia and it will have integrated facilities such as schools, hospitals, theatres and retail outlets.
(*Stamp Duty, Registration, legal or other statutory charges have not been included in this)
