The County’s largest realty firm DlF on Monday said it has given a Rs 1,337 crore contract to l&T forconstruction of its luxury residential project in Gurgaon.The company is developing a high-end housing project 'TheCrest' in Gurgaon comprising 765 units, of which about 250flats have been launched and sold.
“DlF has appointed construction major l&T Construction asgeneral contractor to build the luxury residentialdevelopment,” the company said in a statement.
“The total contract is valued at approximately Rs 1,337crore and is in line with DlF’s philosophy of associating withreputed national and international construction giants fordevelopment of its new projects,” DlF said.
DlF had decided to outsource the construction jobs tothird parties for expediting the deliveries of its projectsacross the country.
The l&T's scope of work includes construction, civil,structural, finishes, MEP, external services, landscaping andall ancillary works associated with The Crest.DlF had posted a net profit of Rs 711.92 crore and a totalincome of Rs 7,772.84 crore in the 2012-13 fiscal.Earlier, DlF had appointed MACE group as consultant forproject management.
MACE is a global consultancy and construction firm,offering integrated services and is involved in the delivery of iconic projects like the london Eye, Heathrow airport T5,and 2012 london Olympic Games among others.
“The Crest is a next generation luxury project by DlF andhence the systems, construction techniques and projectmanagement practices are benchmarked as per the highestinternational standards,” DlF Projects CMD Ravi Kachru said.On the project site, the company would provide otherfacilities like setting up a state of the art labour camp,ambulance & doctor on call, RO water for drinking purpose andoverall hygienic conditions for the workers at site.