The demand for real estate infrastructure development is geographically widespread with townships being built in both the metros and the tier II and III cities. In India, there is a housing shortage of 24.71million units out of which 8.89 million are in urban areas alone*. This translates into very high opportunities for investment and development.
Maytas Properties was founded in 2005 to harness the potential of the real estate sector. The Company focuses on the development of quality properties across the country leveraging its expertise in the emerging infrastructure and real estate sector.
In 2011, as per the Order of the Company Law Board (CLB), dated January 13, the IL&FS Group Entities comprising of Infrastructure Leasing & Financial Services Limited, IL&FS Engineering & Construction Company Limited and IL&FS Townships & Urban Assets Limited, have acquired 80 Percent stake in the Paid up Capital of the Company.
Infrastructure Leasing & Financial Services Limited
Infrastructure Leasing & Financial Services Limited is one of India's leading infrastructure development and finance companies. Its central mandate is catalysing the development of innovative world-class infrastructure in the country.
For over 25 years, we have focused on commercializing infrastructure projects and creating value-added financial services to become a proactive partner in India’s growth story.
Widely acknowledged as the pioneer of Public Private Partnership (PPP) in India, the IL&FS Group has, through a variety of projects, benchmarked the private sector’s role in and commitment towards infrastructure development in India.
IL&FS Engineering and Construction Company Limited
IL&FS Engineering and Construction Company Limited (IECL), a joint venture with Saudi BinLadin Group and Infrastructure Leasing & Financial Services Limited (IL&FS) is one of the leading Infrastructure Development, Construction and Project Management Companies in India, with more than two decades of rich and varied experience in execution of landmark projects across the country.
The Company has demonstrated its capabilities in sectors such as Roads, Expressways, Highways, Buildings and Industrial Structures, Irrigation Canals and Dams, Thermal and Hydel Power Projects.
IL&FS Townships & Urban Assets Limited
IL&FS Townships & Urban Assets Limited (ITUAL), a 100% subsidiary of Infrastructure Leasing & Financial Services Limited(IL&FS), is a newly created business vertical of IL&FS Group. The business vertical aims at achieving the following key objectives :
• Focus on project identification, conceptualization, bidding, project development, management and O&M supervision of the real estate and urban infrastructure projects
• Invest in the equity of the project SPVs in the Sector thus creating growth and value for the shareholders
• Explore new technologies and strategic tie ups for low cost housing / low cost construction and in other areas of real estate
Some of the projects undertaken/being undertaken by ITUAL:
Development Rights of 7.77 mn sq ft in Gujarat Finance International Tec City (GIFT), Development of Stadium in Kerala for National Games Secretariat on PPP, Housing in Uttarakhand on BOT for CRPF and Housing Development through joint ventures / joint developments across various locations in Andhra Pradesh, Tamil Nadu, Rajasthan and Maharashtra.