Bangalore: L&W Construction Private Limited, a subsidiary of Singapore's Lee Kim Tah Woh Hup Pte Ltd, has acquired 25-acre prime land at Devanhalli, Bangalore by from a large Bangalore-based industrial group for Rs 100 crore.
The transaction was facilitated by the leading international property consultant, Jones Lang LaSalle.
L&W Construction will develop a high-end residential project in this land, according to a press release from JLL.
Mayank Saksena, Managing Director, Land Services, Jones Lang LaSalle India said: "This is an extremely strategic acquisition for L&W Construction Private Limited, and one of Bangalore's largest land deals of 2013 to date. The location of this land, on NH7 at Devanhalli is among Bangalore's most promising growth corridors by virtue of its proximity to the Bangalore International Airport."
In developing the project, L&W Construction will draw on the extensive expertise of Lee Kim Tah Woh Hup, which is a joint venture company established by Lee Kim Tah Holdings Ltd and Woh Hup (Pte) Ltd, two of Singapore's oldest construction companies. Together, they have successfully completed projects in Australia, UK, China, Singapore, Thailand, Malaysia, Indonesia, Myanmar, Middle East, Sri Lanka and the Philippines.
The Devanahalli sub-market is defined by an impressive scale of activity on premium and luxury projects. This is largely due to the on-going and planned infrastructure developments in these areas, with the establishment of Bangalore International Airport being one of the primary catalysts for the North Bangalore micro-market.
This blog was really helpful for me and I liked the information given in it. I have seen a similar blog related to this. One of the best builders in bhopalis . they are the best builders in bhopal. . They into construction business from the past three decades so they have experience and people have trusted over them
ReplyDelete