Realty Check 


Real estate company DLF Univer-sal entered into a joint venture with UK-based Laing O’ Rourke for infrastructure projects, and the new entity would take off with an initial investment of Rs 500 crore. “We have formed a 50:50 JV company, DLF Laing O’ Rourke, which will make an initial investment of close to Rs 500 crore to be further enhanced over several months,” DLF Vice Chairman Rajiv Singh told. Both the partners would contribute Rs 250 crore each towards the initial corpus, he added. The JV will initially execute on-going large projects of DLF across the country, and later would bid for infrastructure projects in the field of express highways, airports and power plants. “The aim of such an exclusive fund would be to extend the capital needs to executive agencies involved in infrastructure project,” Singh said, putting a rider that such funds would be extended to only BoT projects. The fund will become operational by next fiscal, he said.


How much do you jump for joy when you have a club where any sport you know can be enjoyed? All this is not some sort of fantasy. These features and more are available at GTM Golf Greens, a prestigious project from Sri Balaji & Co, a unit of GTM Builders & Promoters Pvt Ltd. 
According to Tushar Kumar, Vice Chairman cum Managing Director , Sri Balaji & Co,(Unit of GTM Builders & Promoters Pvt Ltd), “Our company is a well-established company in the field of construction and design with ISO: 9001: 2000 certification . 
One such unique project is the GTM Golf Greens coming up in the heart of the city. This would comprise 80 fully furnished luxury cottages and a 7 star residential club offering all world-class features. Says Tushar, “This project offers unique features. Stylish living takes a never before seen form as we introduce 80 luxury duplex AC cottages in the midst of acres of lush greens facing a 9 hole miniature golf course set amidst hills. We also have 40-50 Swiss tents which can make for a perfect getaway for those interested in taking a break”. 
The 7-star residential club has many unique features. There is also a world class spa and sauna in the complex. According to Tushar, “Name any sport and it’s available. Each cottage owner will get a complimentary golf kit from us. Other sports facilities available include tennis, bowling, billiards, pool, table tennis. We also have a fully equipped and spacious health club and health food shop which meets the requirements of those interested in getting and staying fit”


Greater Noida is one of the first few suburbs in the country where planning has gone ahead of merely meeting the requirements of drinking water, electricity and transport, to the laying of optical fibres for high speed Internet connectivity and modern malls. The announcement of an international airport in Jewar has fired up the area. For the proposed airport, the ministry of civil aviation has earmarked 1,700 acres of land. According to the department of planning, GNIDA has already ear-marked 45,000 hectare land in Dadri, Ghaziabad, Bulandshahar and Sikandrabad. A committee has already been set-up under the chairmanship of Mohinder Singh, commissioner, Meerut zone.

March 2006

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