CNTC , Hong Kong has entered into the Indian Real Estate space in partnership with CNTC India Projects, one of Bengaluru leading real estate developer. The newly formed entity is called CNTC India Projects. The formal announcement of the Joint Venture was done on 1st July’ 2017 at a press conference held at Hotel Shangri-La, Bengaluru.
Speaking at the launch, Mr. Shi Hui, Vice Chairman, CNTC India Projects, says, “We are very excited to enter India through our partner. We have been studying the India Market for the last 2 years, before taking the plunge into India. With CNTC India Projects we get world class technology coupled with best ethical business practices. While considering our entry strategy; Bengaluru City’s highest cosmopolitan index, stability and growth factors were quite fascinating; hence we chose to invest at this top growing city in the world. He further added, “We see promising opportunities in India and in particular Bengaluru. Through this JV we want to capitalise on this huge opportunity and Bengaluru being a “world class city” there will be a lot of growth in the years to come for this city. CNTC India Projects worldwide strives to deliver high quality projects and strongly feel that we have the best partner with us to realize our vision”.
Mr. Sanjay Raj, Co-promoter of CNTC India Projects, stated, “We will now have a concrete future plan of expansion and delivery. Our local experience is the right match to leverage the strengths of CNTC India Projects. With CNTC India Projects alliance and expertise, we jointly will set new benchmark in the Real Estate Industry. Our partnership will kick-start with two Milestone projects, The Presidential Tower (TPT) and The Grand Tower. Work on The Presidential Tower has started and we are confident that it will not just be a Landmark but also a Hallmark for high quality lifestyle and investment for home seekers in Bengaluru. Currently we are experiencing the toughest times of our careers, with slow sales and collections, project delays, impact of demonetisation, and also simultaneously gearing up for RERA and GST. With our new partners this will become easy as they are used to more stringent practices and the integration will be easier. Our new JV Company has very aggressive plans for India.
He further added, “For the present, we have a focused approach towards strengthening our Bengaluru market and establishing the company as the pioneer in high quality projects. This endeavor will bring excellent operational practices like timely delivery with the best quality homes and this will reflect in The Presidential Tower and all future projects of the JV.
The Presidential tower will be developed on a 5 acres land and is part of a layout that has 85% open spaces. The ultra-luxury residential project is designed to bring new dimension to Lifestyle Living.
CNTC is a 58 years old construction conglomerate based out of Beijing. Part of the 15 billion USD Jiangsu Nantong San Jian establishment, CNTC is spread across 35 plus countries and over 120 cities across the globe. The company practices the modern management model of enterprise of standardization and normalization to perfect the management mechanism through institution. CNTC International Operations are headquartered out of Hongkong.
With a moto ‘build a splendid future with heart’, CNTC has expertise in development of multiple large scale integrated modern projects across the globe.
The tallest building in China “Shanghai Tower” with a total height of 632 meters, the “Shanghai World Financial Centre” at a height of 492 meters, the Shanghai Hongqiao airport in Shanghai and the T3 terminal at the Beijing International Airport, the Russian Federal Mansion in Russia are a few acclaimed landmarks built by the company. From building the tallest tower in China to contracting for the Olympic stadiums, airports and palaces in the Middle East CNTC has experience in delivering around the globe. CNTC is rated among the top 500 Asian construction companies and has been recognized by multiple awards across the globe.
ABOUT CNTC INDIA PROJECTS
CNTC India Projects a Bengaluru based real estate Company embarked on its journey in 1995 and has since developed acclaimed projects across the residential and the commercial space, spanning the horizons of Bengaluru and Hyderabad.
These projects have earned CNTC India Projects a stellar reputation as a leading real estate developer of South India. CNTC India Projects’s expertise has been high-end residential projects that epitomise fine living for a home buyer. Since setting sail, CNTC India Projects has executed over 5 million sq. Ft. of residential and commercial spaces in India.
THE PRESIDENTIAL TOWER – FIRST PROJECT UNDER THE JV
Standing tall and commanding a height rivaled by none in the city, The Presidential tower is a sublime expression of class and luxury. The 50 storied residential tower features two blocks, The North Block and The South block, and offers the ultimate living experience. Each block features four very spacious, naturally ventilated and exceptionally well-designed 3 and 4 bedroom apartments per floor, which offer breathtaking views of the city space. The exclusive 5 bedroom Sky Villas on the top four floors are reserved only for the upper class, who have a penchant for the finest the life has to offer.
CNTC India Projects will initially embark on two residential projects namely ‘The Presidential Tower’ with an investment outlay of Rs.1500+ Crore and ‘The Grand Tower’ with an investment outlay of Rs.1000+Crore.
A 1 Billion USD investment plan for India in the next two years is chalked out and it envisions to develop projects in South India to start with and will comprise of commercial, residential and mixed use projects
CNTC India Projects Management team ensures that everything we do leads to perfect alignment – between our purpose of addressing customer’ needs, and our business goals. Consisting of senior management members from various functions, the team decides on our company’s long term strategy, growth initiatives and overall organizational health.
To work towards being a fully integrated professionally managed real estate organization driving customer delight through all our offerings.
To be a business enterprise that creates sustainable values for all our stakeholders.
We are dedicated to designing quality into our products and processes to delight our stakeholders.
Collaboration and Team Work
We will leverage expertise and resources from across our global network to create greater value for our stakeholders.
Integrity & Transparency
We will uphold the highest standards of integrity and transparency in all our interactions.
Respect for the individual
We are committed to creating a work environment that encourages diverse perspectives and upholds the dignity of work and of individuals.
We strive to achieve more with less through a culture of innovation, continuous improvement and a sustained focus on elimination of waste.
We are committed to providing safe working environments through continuous improvement of our infrastructure, work practices and behavior.
We will create value for all our stakeholders in a manner that respects our natural environment and serves the best interests of the communities in which we live and work.