UEM Construction,a Malaysian construction major and OPUS Properties,announced forming a 50-50 joint venture company to carry out the business of infrastructure works and building construction works for various projects across the country. The soon to be incorporated JV company will commence its operations with Danat-A-Pearl,a gated community encompassing residential,commercial and entertainment facilities in Delhi NCR. Strategically located the project spreads over an area of 500 acres. On the occasion of signing the joint venture agreement,Dato Abdul Rahim Abu Bakar,Chairman of UEM Builders Berhad (UEM Builders) said,India is a key market for us as it has tremendous growth potential. While UEM Builders would benefit from the association by incorporating the technical and operational expertise into the project,Opus Properties Ltd will contribute much-needed knowledge on the real estate development front. We thereby look forward to a long and fruitful association with our Indian partner. Rajesh Khursija,Chairman of OPUS Properties Ltd. (OPUS) said,Its a win-win situation for both companies and the success of the joint venture would lie in successful delivery of the projects. Other projects from OPUS,on the anvil,are a 450-acre Logistics Park in Navi Mumbai,a total one stop logistics solution meeting the logistic needs of diverse industries,,a 400-acre Entertainment City based on Bollywood and Entertainment concepts with components like an Entertainment Zone,studios,residential complex,Hospitality,commercial offices and shopping malls.
