Companies

Punj Lloyd bags contract from Hirco Group

Punj Lloyd on Tuesday said it had bagged a contract for construction of two commercial buildings in a township being developed by the Hirco Group at its Special Economic Zone (SEZ) at Panvel, Maharashtra.

The township, Hiranandani Palace Gardens, is a part of Hirco's Panvel SEZ in Maharashtra and is expected to be completed within 24 months, according to an official statement issued here.

The contract entails the construction of two commercial buildings and a podium, adding up to a built-up area of about 2 million sq. ft. The first of the two buildings will be completed within 12 months, it added.

Hiranandani Palace Gardens is a mixed-use township project, which will boast world-class residential complexes, offices, educational institutions and healthcare facilities once complete, it said.

“Our goal is always to create high-quality infrastructure that embodies aesthetics, economics, serviceability of the development and sustainability of the environment and we are confident of delivering a world-class commercial set up at the Hiranandani Palace Gardens,” said Punj Lloyd CEO, Buildings and Infrastructure (India), S. S. Raju.

The project is situated near the recently announced Navi Mumbai International Airport and is easily accessible by road and rail.

The group has built some of the tallest buildings in major cities across the world, including the Tianjin International Building and The Exchange and Yangtze Plaza in China and the German Centre for Industry & Trade in Singapore.

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Printable version | Dec 2, 2020 3:59:32 PM | https://www.thehindu.com/business/companies/Punj-Lloyd-bags-contract-from-Hirco-Group/article15611883.ece

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