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Ahluwalia Contracts receives arbitration award of Rs 7 crore

17 Oct 2016 Evaluate

Ahluwalia Contracts (India) has received an award in favor amounting to around Rs 7 crore, including interest for the period from March 10, 2011 to October 11, 2016 against the Respondent Sri Sumeru Reality, Bangalore for construction of Group Housing known as ‘Soudhamini’ project at Soudhamini Estate, Udayapura, Bangalore. Besides, four FDRs worth Rs 5 crore kept as deposit with the Court would also be refundable.

Ahluwalia Contracts (India) is engaged in providing construction related services including design on turnkey basis and assuring timely completion of projects within budget and with excellent quality. 

Peers
Company Name CMP
Lodha Developers 1075.35
Prestige EstatesProj 1426.85
Dilip Buildcon 393.55
DLF 654.40
Oberoi Realty 1708.80
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