Dewan Architects & Engineers, architecture and engineering consultancy firm, has drawn up an ambitious plan to expand its footprints in the Indian realty business. The company recently announced its venture into the burgeoning Indian real estate market, in a move that comes as part of Dewan’s strategic expansion plans to reach out to more markets in South East Asia.
Drawing from its experience in developing large scale projects in the Middle East, Dewan plans to target the Indian sub-continent and focus on master-planning townships and urban communities as well as mixed-use real estate developments in areas such as hospitality, business parks and residential towers. The company will jointly operate in the Indian market with a successful investment banker and entrepreneur Manoj Prasad, one of the key promoters of “i1 Super Series” India’s first Motor racing event at Global level.
“These are exciting times and we are excited to enter the Indian market. The reputation of our firm and our principles have positioned Dewan as an international firm. Today we are working closely with our Indian partners on these exciting new opportunities with a view of aligning our design objectives with their goals, to ensure that we deliver to the highest standards”, said Mohamed Al Assam, Founder, Chairman and Managing Director of Dewan.
“We are committed to global growth and growth in India for the long term. The global down turn in real estate has had limited impact in India as there is phenomenal growth in all areas of business and finance. Positive reports indicating significant growth in these sectors means we are optimistic about the future,” he added.
Lauding the association, Manoj Prasad, Operating Partner Dewan said, “Dewan has an outstanding reputation and a history of harnessing its entrepreneurial culture which will suit it well to advance in India, a new market with countless possibilities. Our team will help Dewan’s clients define the residential, commercial and Hospitality facilities of the future. Dewan brings their expertise from their landmark projects all over the world to each new client.”
Dewan is currently setting up its first office in the capital New Delhi which is expected to be operational by the second quarter of 2012, with a second office to be open soon afterwards in Mumbai. Having received numerous awards for excellence as a leading architectural and engineering firm, Dewan was recently ranked 48th globally on the ‘World Architecture Top 100’ list by the esteemed industry publication Building Design Magazine for the fourth consecutive year.
The firm was also ranked in the Top 10 for hospitality design and urban planning in addition to ranking in the Top 5 for the Middle East. Major projects undertaken successfully by Dewan include the Yas Hotel in Abu Dhabi, UAE, Media One Tower in Dubai, UAE, Baghdad Rotana Hotel in Baghdad, Iraq, Green Community in Dubai, UAE and Bateen School in Abu Dhabi, UAE.
Dewan is also close to signing two other major contracts expected to be announced in the second quarter of 2012 that will ensure this Middle East firm has a permanent presence in India, operating in its ever-growing real estate market.
