Moneycontrol Be a Pro
Get App
Last Updated : Apr 12, 2016 10:53 AM IST | Source: PTI

REPL to form JV with Chinese firm for smart city projects

Realty and infrastructure consultant REPL will form a join venture with China based- Beijing Jian Investment & Development (Group) Company to work in the areas like urban planning and smart city projects.


Realty and infrastructure consultant REPL will form a join venture with China based- Beijing Jian Investment & Development (Group) Company to work in the areas like urban planning and smart city projects. Rudrabhishek Enterprises Pvt Ltd (REPL) and Beijing Jian Investment & Development (Group) Company have signed an MoU to set up a Joint Venture company in India for working together in the area of urban planning with the help of Building Information Modeling (BIM) tools and Big data services. The would also work for application of BIM technology in implementation of Smart City projects, REPL said in a statement.


They will also explore potential investment opportunities in Real Estate & Infrastructure sectors in India. REPL has recently collaborated with Bhopal Municipals Corporation (BMC) to develop a Smart City Plan for Bhopal in consortium with PWC. Pradeep Misra, CMD of REPL, said: "This association assumes greater importance in the context that the REPL's Smart City plan for Bhopal has recently been selected among top 20 in India".


The Chinese firm has the advanced competencies in providing services for smart cities, he added. Building Information Modeling (BIM) is an intelligent 3D model-based process that equips architecture, engineering, and construction to more efficiently plan, design, construct, and manage buildings & infrastructure. Through BIM, the construction is virtually built and documented completely in the system, before it takes shape on ground.

Close

This gives higher efficiency in terms of time and cost saving. Application of BIM platform is still at nascent stage in India.



Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Apr 12, 2016 10:53 am
Loading...
Sections
Follow us on
Available On