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Thursday, 7 February 2008

Reliance plans big for realty, goes headhunting

Mumbai: Reliance Industries looks all set to enter the realty space in a big way. Mukesh Ambani’s $27-billion corporate house has called for project managers, project architects, project and design engineers for its real estate projects, in an advertisement in a national daily.

Large portfolio

The Reliance Group said it has a substantially large portfolio of real estate projects to fulfil captive requirements and independent business activity. The projects include high quality space, residential properties, convention centres and auditorium.

Recently, the company acquired a 10,183 sq. metre commercial plot at the Bandra Kurla Complex for Rs 918 crore, wherein it would be allowed to construct a 20,366-sq. m multi- storeyed car park and 30,550 sq. m commercial complex.

Earlier, against a reserve price of Rs 480 crore for an 18.5-acre plot, also in BKC for an international convention-cum-exhibition centre and a commercial complex, the company bid Rs 1,104.11 crore for it — more than double the reserve price.

The large corporate house is seeking professionals with at least 15 years of “hands on experience” with major civil constructions, hotel chains, interior designers, architects, real estate developers, contractors and engineering consultancy companies.

The appointments are for a Group company operating in the EPC (engineering, procurement and construction) sector, the advertisement said.

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