Vascon bags Rs 200 cr HDIL contract

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The Pune-based Vascon Engineers has bagged a Rs 200 crore contract from Housing Development and Infrastructure Ltd, to design and build two million sq ft of commercial space at Kurla in Mumbai.

Mr R. Vasudevan, Managing Director, Vascon, said the company would only deliver the shell - the masonry part of the building. All other work such interiors and fit-outs would be taken care of by HDIL. The total project is five million sq ft of which Vascon has been given the go ahead for the first phase, comprising two million sq ft.

The commercial complex would have three levels of basement parking and 11 floors above ground. The project is scheduled for completion in 18 months.

The highlights of the project would be the use of post-tensioning technique for concrete casting, which would reduce cost and increase speed of delivery, he said.

The technique, which uses steel stands, is employed in bridge construction. The shuttering process generally comes down from the average of 21 days to seven. The technology also facilitates construction of larger spans.