Unity Infraprojects secures award in 50:50 JV with BSEL Infrastructure Realty

Unity Infraprojects Ltd has announced that the Company has been awarded in 50:50 Joint Venture (JV) with BSEL Infrastructure Realty Ltd, a Project for Constructing, Operating & Maintaining a Hotel on a Build, Operate Transfer basis at Balewadi, Pune. The Project has been awarded to the Joint Venture by the Executive Committee of the 3rd Commonwealth Youth Games 2008 & Director, Sports & Youth Services, Maharashtra State. The details of the Project are as follows:

1. The Land allotted to the Joint Venture is 6 Acres at the bid amount of Rs 156 Crores.

2. The concession period is 60 years.

3. The project involves development of a 400 room hotel and its ancillary facilities.

4. The Project is expected to commence in the month of January 2007 and is to be completed within a period of 16 months.

Source : Equity Bulls

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