Tuesday, February 26, 2008

G.R.K. Reddy

"Urban centres are moving from a sellers' market to a buyers' market. And there is a readjustment of real-estate pricing, with a focus on customer. There may not be losses for developers. But the margins may have to come down."

G.R.K. Reddy, Chairman & Managing Director, MARG Constructions Ltd

February 26, over lunch.

2 comments:

Murali said...

About Reddy...

A first generation entrepreneur, G.R.K. Reddy is the Chairman & Managing Director of MARG Constructions Ltd., a leading infrastructure and real estate company in India.

In 1985, he began his career in the merchant banking industry and gained valuable experience in advising and structuring financial closures. An astute businessman, he recognized the untapped potential in the real estate and infrastructure space. In 1994, he decided to move to the construction industry and promoted the MARG Group.

Understanding that Infrastructure would drive the second generation of reforms in India, G R K Reddy channeled MARG into infrastructure projects as diverse as IT Parks, Power projects, Ports, Roads, Retail and Commercial & Residential real estate. He has been the protagonist of the rapid growth of the company in size and stature.

G R K Reddy is a post graduate in commerce. He completed the Global Executive MBA from the Great Lakes Institute of Management, India.

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Murali said...

About the company...

MARG Constructions Limited is a leading South Indian infrastructure development company with a decade’s experience in delivering quality infrastructure projects.


Backed by innovative leadership and sound growth strategies, we have engineered spectacular IT infrastructure, offering end-to-end turnkey solutions – ranging from identifying properties to providing build – to – suit facilities for Indian and global IT and ITES companies. We are also initiating projects for urban and rural development. Among the leading infrastructure and realty developers in South India, MARG anticipates and provides solutions to the nation’s infrastructure needs. At MARG, vision and pioneering spirit helps us build realty and infrastructure solutions that fuel the progress of the nation. This is the Spirit of Visioneering and it inspires MARG to create Ports, Malls, Special Economic Zones, IT parks, Serviced Apartments, power projects and Townships for a future-ready India.


The vision to pioneer spirit inspires MARG to identify opportunities quite early, predicting and providing for India’s future infrastructure needs.


Their Motto is to:


Identify opportunities before others
Synergize knowledge of global and domestic markets
Align with national infrastructural development needs
Build ahead



Notable among MARG’s successful projects are the three software parks in Chennai, on Old Mahabalipuram Road – the IT Corridor of Chennai. Developing the Riverside Mall, Special economic zones between Chennai and Pondicherry, building Karaikkal Port in Pondicherry, and a serviced apartment near Siruseri, Chennai are some of the latest projects of MARG.



They believe in quality – Quality which is also extended to MARG’s various alliances/joint ventures – like the one with HUDCO, or with Oakwood Asia Pacific to develop serviced apartments in Chennai comparable with the best available internationally. Over the last decade, MARG has been maximizing value to all stakeholders through innovative solutions, professionalism,and adherence to quality and timelines in project delivery.


Their strong competencies include innovative leadership and sound business strategies, help create further value for their investors. In the coming years,




MARG will partner development, venturing into an expanding range of projects for rural and urban development.


MARG’s unique business model includes the outsourcing of specialized operations to both national and international experts, ensuring world class quality and innovation in all aspects of projects. Capable of scaling up operations in the shortest turnaround time, MARG focuses on quality, combining aesthetics with strong business sense. Competent specialists drive our fast-tract turnkey delivery, product diversity and technology driven strengths.


CORPORATE INFORMATION


A few projects that have been completed / under construction by the group at various location across Chennai

Project name Classification Location Land area (Acres) Built up Area (sq ft)
Riverside Mall Mall & Multiplex & Business class Hotel Karapakkam, OMR 7.28 12,65,070
Oakwood Serviced apartment Kazhipathur, OMR 3.84 3,25,000
Kalavakkam Apartments Kalavakkam, OMR 4.34 3,16,245
Tranquil Cove Villas Seekinakuppam, ECR 34.32 14,95,014
Tapovan Individual Resort Pavanjur 80.00 2,63,120

Corporate Social Responsibility


MARG Constructions embraced the principle of ‘inclusive Living’ in society as its approach towards social responsibility. Towards this goal, MARG has focused its initiatives in the areas of education, health & sanitation, and skill development for employability.


In the area of health and sanitation, MARG has contributed towards setting up a 10-bedded hospital in Koovathur for the local communities. The existing infrastructure in the Public Health Center’s (PHC’s) of Pavunjur, Koovathur, and Mugaiyur were upgraded with MARG’s support. Other interventions for the benefit of the communities’ included wastewater management and OHT are for the villages.


With the boom in the Indian economy, the construction Industry can well become the second-largest job creator after agriculture. The industry though is already struggling to find adequate skilled manpower. Reaffirming the belief of inclusive living, MARG has partnered with the Confederation of Indian Industry to initiate a (GLSDI) Grassroots Skill Development Initiative in Tamil Nadu. The pilot project entails pre-employment skill training to cover 5000 unskilled youth in Sriperumbudur, Oraggadam and Cheyyur blocks of rural Tamil Nadu, by mid 2008. The second phase of the project will involve industry specific training.