KBC Global Ltd Delivers 109 Residential-Cum-Commercial Units, Marks Expansion in Africa
KBC Global Ltd, a prominent player in the construction and real estate development sector, has handed over possession of 109 residential-cum-commercial units in Nashik, Maharashtra. The company has also announced strategic plans for expansion in both dome
Real EstateConstructionInfrastructure DevelopmentKbc Global LtdAfricaExpansionReal EstateJul 11, 2024
The company has handed over 76 units of Hari Kunj Mayflower Project and 19 units of Hari Krishna Phase IV project, among others. This achievement is a testament to KBC Global's commitment to delivering quality projects and enhancing the lives of its customers.
In addition to its domestic projects, KBC Global has also announced strategic plans for expansion in international markets. The company has been awarded a subcontract worth approximately US $20 million by CRJE (EAST AFRICA) Ltd for a soft infrastructure project. This contract marks KBC Global's entry into the African market and underscores its growing capabilities and reputation in international infrastructure development.
KBC Global's wholly-owned subsidiary, Karda International Infrastructure Limited, has secured the contract, which focuses on the civil engineering segment of soft infrastructure. The project is a significant milestone for the company, as it marks its first major step in becoming a key player in Africa's infrastructure development.
The real estate sector is poised for continued growth, driven by factors such as supply and demand dynamics, regulatory frameworks, and overall economic conditions. Government initiatives like 'Housing for All' and the Pradhan Mantri Awas Yojana further underscore the growth potential in the industry. Additionally, infrastructure megaprojects such as highways, airports, and metros are contributing to the expansion of the real estate market.
KBC Global's expansion into Africa is a significant development, as the continent offers vast opportunities for growth and development. The company's commitment to contributing to Africa's infrastructure growth aligns with the region's ambitious growth and development goals.
In the financial year 2022-2023, Karda Construction Limited reported revenues of Rs. 10,818.56 Lakhs. With its strategic plans for expansion and commitment to delivering quality projects, KBC Global is poised to make a significant impact in the real estate and infrastructure development sectors.
Frequently Asked Questions
How many residential-cum-commercial units has KBC Global Ltd handed over?
KBC Global Ltd has handed over possession of 109 residential-cum-commercial units in its various ongoing projects in Nashik, Maharashtra.
What is the value of the subcontract awarded to KBC Global Ltd by CRJE (EAST AFRICA) Ltd?
The subcontract awarded to KBC Global Ltd by CRJE (EAST AFRICA) Ltd is worth approximately US $20 million.
What is KBC Global Ltd's strategy for expansion?
KBC Global Ltd has announced strategic plans for expansion in both domestic and international markets, including Africa.
What is the focus of the soft infrastructure project awarded to KBC Global Ltd?
The soft infrastructure project awarded to KBC Global Ltd focuses on the civil engineering segment of soft infrastructure.
What is the revenue of Karda Construction Limited in the financial year 2022-2023?
Karda Construction Limited reported revenues of Rs. 10,818.56 Lakhs in the financial year 2022-2023.
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