Real Estate Developers Cross Borders

Another Australian company, Leighton Holdings struck a deal with
Emaar-MGF for construction projects
in Chandigarh and other projects
in north India. Leighton is already associated with mining and infrastructural
activities in India for the last three years.

The Flextronics Technologies
electronic manufacturing facility in Sriperumbedur near Chennai
is one of Leighton’s most prestigious projects. Leighton’s tie-up with Emaar is for a period of 5 years during which it will collaborate on almost 100 projects.

Last week, it was a team of representatives from Semb Corp Parks
Holdings of Singapore who met political leaders in West Bengal for
participation in infrastructure projects like chemical hubs and industrial
parks.
The International Management Group of the US has shown interest
in designing and developing golf courses in India, using the Vijay
Singh signature and is exploring opportunities with various real estate
developers in India.

Interestingly, Indian construction companies are also bagging
prominent contracts overseas. Earlier this week, Larsen and
Toubro and Eastern Contracting won the Rs.610 crore deal for a residential
property in Dubai Sports City.

Eastern Contracting is a construction
company based in the UAE. L&T Infrastructure is also executing a residential project in Colombo.

Its domestic projects include residential properties in Chennai,
Vishakapatnam, Chandigarh , Nagpur and Mumbai .
The Pune-based SRK Group will also launch an overseas project
in Riyadh, Saudi Arabia, shortly, based on the lines of their Skywing
luxury project in Kochi