Gammon India bagged an order worth
Rs.800 crore from Madhya Pradesh government for the construction of commercial
project at South TT Nagar in Bhopal. On 18 April 2007, an agreement regarding
the purpose was signed between Gammon India and the state government.
As per the agreement, 15 acre land
will be given on lease for 30 years for construction of retail and office
spaces, multiplex, hotel and other commercial development with ancillary
residential development.
Madhya Pradesh Housing Board is the
nodal agency for implementation of the project and will be the project
management agency till its completion.