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UAE’s ACC bags Rs. 650 crore construction contract from Supertech

Posted on by Track2Realty

Supertech-ACC, India real estate news, Indian realty news, Property new, Home, Policy Advocacy, Activism, Mall, Retail, Office space, SEZ, IT/ITeS, Residential, Commercial, Hospitality, Project, Location, Regulation, FDI, Taxation, Investment, Banking, Property Management, Ravi Sinha, Track2Media, Track2RealtyTrack2Realty: Supertech has awarded the India branch of UAE’s Arabian Construction Company (ACC) its first project in North India. ACC’s Rs.650 crore ($125 million) contract will see them build Spira, India’s tallest mixed-use tower and part of the project, Supernova.

The contract was signed in New Delhi on Thursday, Dec 20, by R K Arora, Chairman and Managing Director of Supertech Limited and Rasheed Mikati, Director, ACC and Ani Ray, Managing Director, ACC India.

When completed, Spira will stand 300 meters tall, comprising 80 floors. The tower will include luxury residences, two 5-star hotels and the Spira Suites. The tower will also have a helipad, an observatory deck, an exclusive clubhouse, high tech high-speed elevators and a panoramic view of the Okhla bird sanctuary.

R K Arora said, “Spira will be the epitome of luxury and class and with the renowned construction expertise that ACC brings to this project, we are confident that this will be built on schedule and within budget and will ultimately be regarded as a true masterpiece within Supernova. ACC has created iconic buildings that have transformed the skylines of numerous cities around the Middle East and with this association we look forward to them adding Noida to their list of achievements.”

Operating for over 40 years, ACC has an especially strong pedigree when it comes to constructing high-rise buildings. It can boast, Princess Tower (414 metres) the highest residential tower in the world, Elite Residence (380 metres), Almas Tower (360 metres) and Rose Rotana Tower (333 meters). ACC is also leader of the consortium for constructing World One Tower in Mumbai.

Spira will be constructed using the ‘Jump Form’ technology and other advanced construction system in line with the best practices used for high rise building construction worldwide, said Rasheed Mikati. With our proven record in delivering of high rise buildings worldwide, we are confident to meet all Supertech’s requirements for what will be a very exciting in this region.

“We are excited to venture into Noida, the region has shown tremendous growth in the recent times and we are set to put it on the map with a new iconic landmark. With this we aim to start a long relationship with Supertech,” said Ani Ray.