Supertech awards Rs 650-cr contract to UAE's ACC
New Delhi: Realty firm Supertech Thursday said it has awarded Rs 650 contract to UAE's Arabian Construction Company (ACC) for building a 80 floors iconic tower in Noida.
The 300 meter-tall mixed-use building 'Spira' would have luxury flats, two 5-star hotels and commercial space. The tower is part of 17-acre project Supernova, being developed at an investment of Rs 2,700 crore.
"We have awarded the contract to ACC as they have the expertise to create iconic buildings. ACC has constructed many high-rise towers in middle east," Supertech Chairman and Managing Director R K Arora told reporters here.
The contract is worth Rs 650 crore, he added.
ACC India Managing Director Ani Ray said this is the first standalone contract for the company.
ACC is constructing Lodha Developers prestigious project 'World One' in Mumbai, which has 117 floors with 450 meter height, in partnership with Simplex Infrastructures, he added.
"We have so far developed 14 towers with height over 300 meters. In Spira, we will be using advanced construction technology which is required to construct high rise buildings. The construction of the tower has started and would be completed in the next four years," Ray said.
ACC has constructed Princess Tower (414 meters), Elite Residence (380 meters), Almas Towers (360 meters) and Rose Rotana Tower (333 meters) in Dubai.
Noida-based Supertech is currently developing various realty projects in the National Capital Region. It has hotels Rudrapur, Haridwar and Meerut comprising 500 rooms.