ADANI SEC 102 M2K SECTOR DWARKA EXPRESSWAY, NEW PRE-LAUNCH - LUXURY IDENTIFIED

ADANI GROUP

NEW PRE LAUNCH PROJECT ON DWARKA EXPRESSWAY GURGAON
SEC-102

Adani group would very soon be lanching New project in Gurgaon Sector 102 Dwarka Expressway(Near to Delhi) Gurgaon with joint Venture M2K group.
The company will construct 2-BHK to 5-BHK homes. 

AIDPL:

Adani Infrastructure and Developers Pvt. Ltd. (AIDPL) is a subsidiary of Adani Enterprises Ltd. It has initiated the process for development of large scale real estate projects in various locations across India and is proposing investments as a holding Company in these projects.

Directors of AIDPL:

1.Mr. Bhavik Shah, Director

2.Mr. Devang Desai, Director

3.Mr. Pranav Adani, Director

FOR ORIGINAL AND CONFIRMED BOOKINGS :

+91 9971730404

+91 8826018204

http://articles.economictimes.indiatimes.com/2011-05-03/news/29499897_1_delhi-ncr-residential-projects-forays

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Tentative Details of the Adani Realty New Project in Sector 102 Gurgaon

* Developer –           Adani Realty Business

* Location –              Sec 102, Dwarka Expressway Gurgaon

* Property Type –   Luxury Residential Apartments

* Apartment Type – 3/4 BhK Apartments

* Size – 3BHK+3T+SR
1899
5700-200 = 5500

8 lacs
4BHK+4T+SR
2598 / 2698
5500-200 = 5300

10 lacs
4BHK+4T+SR
3198
5500-200 = 5300
12 lacs

4BHK+4T+SR
Penthouse
5500-200 = 5300
20 lacs

CHEQUE IN FAVOR OF
 ADANI M2K ............................CALL TO KNOW EXACT.

* Price – Rs 5500/SQ.FT - Rs 200/sqft (inaug) = Rs 5300/sqft

* Booking Amount : 10% of BSP followed by 10% within 30 days. Balance in Construction Linked Plan

* Project Status :  Is  AN INCH AWAY .......Hurry Place your advance bookings..to make sure you get confirmed bookings when the project arrives....

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+91 9971730404

+91 8826018204

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Highlights:

Gurgaon on the Dwarka Expressway -

* One of the finest locations on Dwarka Express way.

* Proximity to IGI Airport.

* Residential development in the large area-41 acres.

* 5 km from Delhi border

* Just 6 km from Dwarka Sector 21, Metro Station.

* Ultra-Luxurious Specifications with VRV, Italian marble, Wooden Flooring.

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Tentative Amenities:

* 3 Tier Security

* Health Club

* Gymnasium

* Yoga and Meditation Hall

* Indoor Games Area

* Jogging Track

* Swimming Pool

* Tennis Court

* Balconies in each room and Kitchen

* Sky Bridge

FOR ORIGINAL AND CONFIRMED BOOKINGS :

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+91 8826018204

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About Adani Group

The Adani Group is one of India’s leading business houses with a revenue of almost $6 billion for financial year 2011.

Adani is a global integrated infrastructure player with businesses spanning coal trading, coal mining, oil & gas exploration, ports, multi-modal logistics, power generation & transmission and gas distribution.

The holding company of the Group is Adani Enterprises Ltd. It was ranked among the top 50 Asian companies by Forbes Asia in 2009.

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The joint venture (JV) company of Adani Realty Business (part of the Adani Group) and the Delhi-based M2K Group, has called for a creative pitch for its forthcoming residential projects on its 41-acre plot along the Dwarka-Manesar expressway.

The pitch process is currently underway in Delhi and has seen participation from a select set of agencies (names of which could not be obtained at the time of filing this report). The size of the business is said to be around Rs 15 crore. Sources close to the development in the industry have confirmed the news to afaqs!, on conditions of anonymity. Adani Realty Business and M2K Group entered into a JV in May 2011 to develop residential projects on the 41-acre plot the latter owns in Gurgaon, near Delhi. The JV also marked Adani's foray into Delhi-NCR.

As per several media reports, the real-estate arm of the edible oil manufacturer, the Adani Group, will develop two projects on separate parcels of land. The projects will cost Rs 1,500 crore, and both developers will share costs and revenues equally. Adani Realty has paid Rs 100 crore to M2K, so far, towards the cost of land, while another 100 crore will be paid in phases.

The land parcels are spread over 18 acres and 23 acres along the Dwarka-Manesar expressway and are estimated to provide three million square feet of saleable space. While half the inventory in the two projects will be targeted at premium home buyers, the rest will be targeted at middle-income consumers. The company expects to launch the projects early in 2012, and complete them within four years.

http://www.track2realty.com/adani-family-keen-to-hold-real-estate-business

Desperate times in realty leading to unprecedented restructuring-I - Office absorption in India falls by 21% in first half of 2012 - Rising aspirations & value consciousness driving luxury housing-III - Hospitality gearing up for steep climb ahead-IV - Ascendas to buy Shriram SEZ for 500 cr

Adani family keen to hold real estate business

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Immediately after Ahmedabad-based power, port and mining company Adani Enterprises Ltd (AEL) decided to part with its real estate business a day ago, the Adani family clarified that they are keen on retaining Adani Infrastructure Development Pvt Ltd (AIDPL).

On Thursday, Feb 9, the board of directors of AEL had decided to divest its holdings in the company’s realty business after proper independent third party valuation at its meeting.

“We may either sell it completely to a third party or go in for a joint venture or Adani Group may demerge and form a separate real estate company. We have kept all the options open as we want to categorically focus on our core businesses,” Executive Director of Adani Enterprises and CFO of the group, Devang Desai had said while announcing the company’s third quarter results on Thursday.

However, Chairman of the Adani Group, Gautam Adani on Friday said that this announcement by the company “led to some confusion that the Adani Group is exiting the real estate business altogether, which is definitely not the case.”

The Adani family led by Gautam Adani, the promoter of the Adani Group, is set to take over AIDPL and is committed towards a successful execution and completion of its current projects and its future growth plans, said Adani in a statement on Friday.

Presently, the Adani Group is developing Shantigram Township in Ahmedabad, spread across 616 acres of land, in which around 400 lakh square feet of land will be developed. The project cost of the township is estimated to be around Rs 5,000 crore in which it intends to build up to 15,000 houses.

Shantigram Township, christened after the names of Adani’s parents, is also home to the new corporate office of the group in the city.

The Adani family will continue to invest in the real estate business like it has done in realty projects in Ahmedabad, Mumbai and Delhi. The family will now be responsible for future investments in the realty business considering it as one of the key business drivers. Adani Enterprises Ltd (AEL) will focus on its capital intensive core businesses of power, ports and coal mining.

It should be noted that market players believe that if the Adani family had not taken this decision to retain its realty business, the announcement would have created a negative impression about Gujarat’s real estate market.

“If a local company like the Adani Group would have quit the real estate business, it could be interpreted that the market is not in a good condition,” said sources. The group may form a new company for the realty business and come up with an IPO as the group’s investment in realty projects could be around Rs25,000 crore, said sources.

FOR ORIGINAL AND CONFIRMED BOOKINGS :

+91 9971730404

+91 8826018204

http://www.dnaindia.com/money/report_adani-family-will-take-over-real-estate-business_1648784

‘Adani family will take over real estate business’

Published: Saturday, Feb 11, 2012, 16:21 IST
By DNA Correspondent | Place: Ahmedabad | Agency: DNA

Although Ahmedabad-based power, port and mining company AdaniEnterprises Ltd (AEL) had decided to part with its real estate business a day ago, the Adani family is keen on retaining Adani Infrastructure Development Pvt Ltd (AIDPL). On Thursday, the board of directors ofAEL had decided to divest its holdings in the company's realty business after proper independent third party valuation at its meeting.

"We may either sell it completely to a third party or go in for a joint venture or Adani Group may demerge and form a separate real estate company. We have kept all the options open as we want to categorically focus on our core businesses," executive director of Adani Enterprises and CFO of the group,Devang Desai had said while announcing the company's third quarter results on Thursday.

However, chairman of the Adani Group, Gautam Adani on Friday said that this announcement by the company "led to some confusion that the AdaniGroup is exiting the real estate business altogether, which is definitely not the case."

The Adani family led by Gautam Adani, the promoter of the Adani Group, is set to take over AIDPL and is committed towards a successful execution and completion of its current projects and its future growth plans, saidAdani in a statement on Friday.

Presently, the Adani Group is developing Shantigram Township inAhmedabad, spread across 616 acres of land, in which around 400 lakhsquare feet of land will be developed. The project cost of the township is estimated to be around Rs5,000 crore in which it intends to build up to 15,000 houses.

Shantigram Township, christened after the names of Adani's parents, is also home to the new corporate office of the group in the city.

The Adani family will continue to invest in the real estate business like it has done in realty projects in Ahmedabad, Mumbai and Delhi. The family will now be responsible for future investments in the realty business considering it as one of the key business drivers. Adani Enterprises Ltd (AEL) will focus on its capital intensive core businesses of power, ports and coal mining.

It should be noted that market players believe that if the Adani family had not taken this decision to retain its realty business, the announcement would have created a negative impression about Gujarat's real estate market.

"If a local company like the Adani Group would have quit the real estate business, it could be interpreted that the market is not in a good condition," said sources. The group may form a new company for the realty business and come up with an IPO as the group's investment in realty projects could be around Rs25,000 crore, said sources.

REPORT AS IN AUGUST 2011

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