AP News Reliance Energy has bagged the 100-storied trade tower-cum-business district project
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| Reliance Energy has bagged the 100-storied trade tower-cum-business district project |
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July 6: Anil Ambani’s group Reliance Energy has bagged the 100-storied trade
tower-cum-business district project at Manchirevula on the city outskirts.
Reliance Energy quoted Rs 6.57 crores per acre while its competitor Elbit
Medical Imaging, an Israeli firm, quoted Rs 6.10 crores per acre. The upset
price was Rs 6 crores per acre and the project is estimated to cost Rs 5,400
crores.
Noted architect Hafeez contractor has been selected for the design for the tower
submitted by Reliance Energy. In all, the overall marks given to Reliance were 75.40 out of 100 while Elbit got 71.29. Reliance Energy will start construction by September and will engage the services of world renowned architect Norman Foster. Company officials expressed happiness at getting the contract since the opening of financial bids coincided with the death anniversary of founder Dirubhai Ambani. The tower with 100 floors will be about 450 metres tall and will accommodate offices, hotels and malls. “The company will be given the confirmation letter in a few days,” said Mr B.P. Acharya, managing director of the Andhra Pradesh Industrial Infrastructure Corporation. “The trade tower has to be constructed in three years and the business district in five years.”
APIIC put a pre-bid condition that the company which bagged the contract
should first construct the trade tower in 30 acres and would be given the
remaining 50 acres after that.             |