MARG to foray into housing projects; plans 2 SEZs

MARG Constructions, a leading infrastructure & real estate development company, plans to build a 'future ready India'.
“Inclusive infrastructure is the need of the nation and will play a pivotal role in bridging the urban-rural divide. MARG's corporate roadmap encompasses development of seaports and allied logistics businesses; industrial clusters with SEZs, commercial real estate including technology hubs, destination malls and serviced apartments. On the anvil is an aggressive foray into affordable housing across South India,” GRK Reddy, chairman & managing director, said at a media roundtable.
He added, "MARG has identified select semi-rural geographies in South India which we believe will emerge as the new micro cities soon."
MARG, in association with the Great Lakes Institute of Management, recently launched the 'Centre of Excellence for Infrastructure'. The company will make an investment of Rs 3 crore in setting up the center in Chennai.
The company's recent acquisition, 'MARG Cauvery' a cutter suction dredger marks MARG's entry into the dredging industry. With a dredging capacity of 2000 cubm/hour, it would initially be deployed in the dredging works of Karaikal Port.
MARG's Karaikal Port project is an all-weather port. As the finest port on the east coast of India, it will unleash the economic potential of central Tamil Nadu and Puducherry.
MARG has also forged an alliance with Pembinaan Redzai, a leading Malaysian entity, to explore potential co-operation on a variety of areas for the Karaikal Port project.
MARG has approvals for two special economic zones near Chennai. The SEZ projects spread over 612 acres, are an SEZ for the multi-services sector and another for light engineering including auto ancillary. The SEZs are being developed as integrated townships.
Other near term plans of the company comprises the development of malls, serviced apartments and IT parks in the commercial real estate space. The company is exploring projects to develop industrial clusters and corridors in South India.
MARG also recently announced its first venture into the real estate luxury market with the launch of 'Tapovan'--designed as a weekend home.

source