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Malaysian major Haneda Enters India

Submitted by on Friday, 24 October 2008No Comment

Malaysia based M/s. Haneda Trading & Construction Sdn Bhd and the Chennai Rajathi Group announces the launch of their joint venture ‘Haneda Rajathi’; the new venture will step into developing large size commercial and residential properties across Chennai and South India. The order book stands at over Rs.500 crores which includes the 15 new hotel properties to be developed for the Breeze hotel.

With a clear focus on introducing international quality in its construction practice Haneda Rajathi has sizeable project order book with projects spread across Chennai, Coimbatore, Tuticorin, Sriperumbadur, Ramanathapuram and Rameswaram. In Chennai the current projects are in infra for an engineering college, Residential project in Thalambur, IT complex at Shollinganallur, Commercial complex at Nungambakkam and Guindy and façade work. Part of the mandate is to undertake the construction of 15 commercial hotels for the Chennai based Breeze hotels with the project valued at over Rs.500 crores. The pilot project, Lake View in Coimbatore is nearing completion.

Commenting on this joint, Mr. Madan Prakash, Joint Managing Director, Rajathi Group said “Haneda has the experience of being in this business for the past 30 years. Their practice of the Japanese culture and systems provide for innovative systems, high quality, and shorter construction period which brings down the time to construct very drastically.”

Adding to this Mr. Ratherkrishnan, Managing Director, Haneda Rajathi said, “This alliance with the Rajathi Group will give us the right break into the Indian market; with the Rajathi Group expanding into real estate in a big way we see tremendous synergies in our business partnership. We hope to bring in several innovations and global practices to the Indian Market”

The USD 110 million Rajathi Group ventured into the Realty business in 2005 and initially developed large land banks in parts of Chennai. They have later ventured with their pilot run project with construction of residential complexes at Coimbatore – Mettupalayam highway to develop and promote large residential township.

About Haneda Rajathi Engineers and Consultants Private Ltd

Haneda Rajathi established in early 2007, is a 51:49 Joint Venture agreement of Rajathi Group, a leading conglomerate with M/s. Haneda Trading and Construction Sdn Bhd, Malaysia to design, construct and develop large size commercial and residential properties.

About Haneda

Haneda Trading and construction, the Malaysia based company focuses on infrastructure projects in the public domain (highways, dams, tunnels, hospitals, residential townships) and in India Rajathi Haneda has lined up a few projects in this field.

About Rajathi

Based out of Chennai, Rajathi Group is leading diversified business house, who have crossed the IRS 440 crores as an annual turnover for year 2007-08. Rajathi has a vision to achieve IRS 1000 crore in the current financial year 2008-09.Rajathi has large verticals with diversified interest in International Trade, Biotechnology, Realty, and Hospitality.

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