The Valecha Engineering was basically engaged in the business of development of infrastructure now it is planning to expand it’s business activities in the growing areas like residential and commercial sectors with an beginning amount of 100 crore at Maharashtra also for the development of initial projects, said the source to the www.propertykhazana.com . It was motivated to get entered into the field of real estate by the company which was sounding good whose main areas of businesses was construction of bridges, flyovers, tunnels, dams and also airport infrastructure.
Meanwhile, the reported sources said the www.propertykhazana.com that the company introduced a new scheme known as SPV (Special Purpose Vehicle) which concentrated on the development of these avenues like establishment of malls, commercial complexes and residential properties. In order to undertake these projects for which it had required a land for that it developed a relationship with land owners to acquire that land by purchasing directly.
It had also having the intention to enter into the development of Bangalore Metro Rail Project for which it had entered into a contract with Persy’s infrastructure development where it will finish up with the building of sub-structures.
The Bangalore Metro project was constructed covering a area of 33kms connecting with 18.1 kms from Byappanahalli at the east and to Mysore Road at the west running vertical from 14.9 km from Yeshwanthpur to RV road.
VEL also got an offer of constructing a tunnel project at Rajasthan which was estimated to be costing around 150 crores, says the source at the www.propertykhazana.com . The main aim of the construction of this tunnel project was to connect Akorda Dam to Bujara village-part of the project Dewas II.
Source: NIMMA BENGALURU
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