Tenders: Keppel Land-Rustomjee Group work on Thane Township

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Singapore property group to deliver innovative and multi-faceted urban space solutions in Mumbai

Singapore’s Keppel Land Limited and Mumbai’s leading real estate development Rustomjee Group have agreed to develop an integrated township in Thane, a mature and well-connected district within the Mumbai Metropolitan Region.

Kapstone Constructions Private Limited, a Keppel Land-Rustomjee Group joint venture, will collaborate on all residential projects in the township, including work on master planning, design and development.

“By leveraging Rustomjee’s extensive network and expertise in the local property market, as well as Keppel Land’s international experience and strength in execution, we are confident that we can deliver innovative and multi-faceted urban space solutions that delight and enrich the community,” Ho Kiam Kheong, President (India) of Keppel Land, said in a release on 26 Oct 2021.

“We are excited to collaborate with the Rustomjee Group to co-develop an integrated township in Thane, which is in line with Keppel Land’s strategy to scale up in India,” said Ho.

“This association with Keppel Land, is yet another step to build and develop a township that not only redefines living for residents in Thane but also for all Mumbaikars. This association has been an absolute win-win,” added Boman R. Irani, Chairman of the Rustomjee Group.

“At Rustomjee, we are always looking at delivering the best to our consumers, for which we believe in associating with the best in the business. We are delighted to leverage Keppel Land’s expertise and international experience for what we like to believe will be the ultimate township experience. We look forward to growing with Keppel Land in India and presenting an experience beyond compare.”

Keppel Land is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company, which provides solutions for sustainable urbanisation, focusing on energy & environment, urban development, connectivity and asset management.

Rustomjee Group has carved a niche in the ever-growing real estate sector, with a development portfolio of 16 million square feet of completed projects, 10.9 million square feet of ongoing development and 22 million square feet of planned development spanning across the Mumbai Metropolitan Region. #tenders #projects #investment /fiinews.com