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India has the world’s second largest road network, aggregating over 3.34 million kilometers. As Indian Economy grew in the early part of this decade, challenges & opportunities across entire spectrum emerged and so was the case of large expressways with unique model of ribbon development along it, which modeled as developed tracks of New India.
The Group has entered into construction of expressways with the Yamuna Expressway project – a 165 km access controlled 6 lane super expressway along the Yamuna river connecting Noida and Agra on Build – Own – Transfer basis. The project envisages ribbon development along the expressway at 5 locations totaling 25 million square metres for residential/industrial/institutional purposes and shall trigger multidimensional, socio-economic development in Western U.P. besides strengthening the Group’s presence in real estate segment in this decade.
Tthe Group successfully bid for and was awarded all packages (pkg. 1 to pkg.4) of prestigious Ganga Expressway contract by the Government of Uttar Pradesh. This is the largest private sector infrastructure project in India. The Company had emerged as the lowest bidder, as it bid for the least land for development, which was the most important criteria for bid evaluation. The 1047 km long 8 lane Ganga Expressway would be developed on the left bank of River Ganga, covering the stretch from Greater Noida to Ballia (Eastern Uttar Pradesh). The project will be built on Built-Own-Transfer basis. The Group would also get the rights for development of an estimated 30,000 acres of land along the expressway.
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