The joint venture of Dubai-based construction company Arabtec Construction and its Indian partner Raheja Developers has signed a $204m contract to build three mixed-use projects in the cities of New Delhi and Gurgaon, India.
The Raheja Revanta Project located in Gurgaon will include a high-rise apartment tower and around 1,000 low-rise buildings.
The Raheja Phoenix Project, located at Shadipur depot in New Delhi, comprises a 50-storey residential tower, a shopping mall and 2,800 affordable housing units.
Finally, the Raheja Shristi Project, also located in Gurgaon, will see the construction of 300 high-end apartment units.
The companies have signed a letter of intent to complete the projects over the next 48 months.