New Delhi: Real estate developer Supertech on Monday said it has signed a Rs 500-crore contract with Abu Dhabi-based Arabian Construction Company (ACC) for construction of a project in Gurgaon.
"Supertech has awarded this contract to ACC for carrying out construction work with special construction technology, known as 'Tunnel Form Technology'. Hues will be the first project in India to be constructed with this technology," the company said in a statement.
The technology is being used for Hues in order to complete the project in 30 months, it added.
Supertech Chairman RK Arora said: "For the construction of Hues, ACC will be using Tunnel Form Technology, which is very well known in other countries, especially Turkey. However, Hues will be the first project in India to be constructed with this technology."
Supertech Hues is a 70-acre group housing residential project located in Sector 68 of Gurgaon.
PTI
First Published: Monday, August 3, 2015, 13:07