Punj Lloyd wins contract for construction of luxury villas in Dubai

The contract has been awarded to Punj Lloyd by Front Line Investment Management Co. LLC, subsidiary of Damac Properties Development LLC, for the construction of 168 villas at Trixis Cluster of the Akoya Oxygen master development offering a luxury lifestyle  in Al Yufrah 2, Dubai.

 

Only 25 minutes from the centre of the city along the Umm Suqeim Expressway and spread over 55 million square feet, Akoya Oxygen focuses on good environmental practices, such as maintaining naturally cooler temperatures and a  road network system that will  reduce pollution, with dedicated spaces for bicycles and hybrids. 

 

The community will feature a selection of opulent homes, an 18-hole championship golf course, luxurious five-star hotel as well 2,000 hotel apartments, luxury Retail Strip (Vista Lux) encompassing 1 million square foot entertainment and retail district featuring a waterway and more than 1.5 km of walkway.

 

Speaking on this win, Shantanu Karkun, President and CEO, Buildings & Infrastructure, Punj Lloyd said, “Dubai is today synonymous with luxury and it is our privilege to win this contract for a premium luxury development.  The Akoya Oxygen community will have the region’s first rainforest and will be fully completed before EXPO 2020. Punj Lloyd Group has delivered several luxury spaces including the Jumeirah Islands Villa in Dubai, the Four Seasons Hotel in Singapore and the many integrated iconic entertainment resorts in Singapore.”

 

With this win, the Group’s order backlog stands at INR 25,708 crore. The order backlog is the value of unexecuted orders as on Dec 2015 plus new orders received after that date.