Mr. Bhanu Choudhrie"s Real Estate Wing Takes Up Management of Venus Square in Ahmedabad
Mr. Bhanu Choudhrie's C&C Alpha Group Ltd is a private equity firm of global repute and has ventures spread globally. Its real estate wing, the Alpha G:Corp, has several successful projects in the Indian Subcontinent. The company has recently assumed comprehensive management of Venus Square Mall at CG road, Ahmedabad, through its 100% subsidiary the Alpha Management Services.
The company has entrusted the operational responsibilities of one of its projects to its market competitor a coalition rarely seen in business. Both companies, Venus Group and Alpha G:Corp, formally announced the annexure on October 16, 2013. The companies deal in real estate development and have other similar ventures in Ahmedabad.
Venus Square is a shopping mall that had been under speculation for a long time. The 2.50 Lakh Sq. Ft. of commercial space was stuck in legal disputes which has jeopardised business in what is a prime location. The project was subject to legalities such as getting sanctions for permits from the municipal corporation. The developer has recently claimed to have obtained the permits and hence the deal has been signed. The administration will be looked after by the Alpha Management Service (AMS). Prior to this re-launch, AMS will do a detailed assessment of the property and its business aspects.
The coalition was possible due to the success of Alpha G:Corp's other similar venture- AlphaOne, and the reputation held by Mr. Bhanu Choudhrie and his entire team. The management team and technical experts from AMS and Alpha G:Corp had observed that the building had some basic structural defaults, which have now been corrected. Going forward, they are confident of overcoming all barriers and making it a successful venture.
About Alpha Management Services (AMS)
Alpha Management Services (AMS) is a subsidiary of Alpha G:Corp. It has a reputation in catering to the management needs of various macro entities with services including housekeeping, technical support, management support and security. The team at AMS is adept at tackling the day-to-day managerial problems faced by many organisations and they are able to deliver quality services and smooth management thanks to their strict adherence to international standards.
The AMS client base varies from super specialty hospitals to premium residential centres and super-malls to corporate offices. They implement state of the art logistics tools and services to ensure customer satisfaction. An efficient grievance alleviation system, recurring security drills, routine inspections and emergency tackling cells are some of the aspects unique to their operations and this makes Alpha Management Services a name to be reckoned with in comprehensive asset management.
The company has entrusted the operational responsibilities of one of its projects to its market competitor a coalition rarely seen in business. Both companies, Venus Group and Alpha G:Corp, formally announced the annexure on October 16, 2013. The companies deal in real estate development and have other similar ventures in Ahmedabad.
Venus Square is a shopping mall that had been under speculation for a long time. The 2.50 Lakh Sq. Ft. of commercial space was stuck in legal disputes which has jeopardised business in what is a prime location. The project was subject to legalities such as getting sanctions for permits from the municipal corporation. The developer has recently claimed to have obtained the permits and hence the deal has been signed. The administration will be looked after by the Alpha Management Service (AMS). Prior to this re-launch, AMS will do a detailed assessment of the property and its business aspects.
The coalition was possible due to the success of Alpha G:Corp's other similar venture- AlphaOne, and the reputation held by Mr. Bhanu Choudhrie and his entire team. The management team and technical experts from AMS and Alpha G:Corp had observed that the building had some basic structural defaults, which have now been corrected. Going forward, they are confident of overcoming all barriers and making it a successful venture.
About Alpha Management Services (AMS)
Alpha Management Services (AMS) is a subsidiary of Alpha G:Corp. It has a reputation in catering to the management needs of various macro entities with services including housekeeping, technical support, management support and security. The team at AMS is adept at tackling the day-to-day managerial problems faced by many organisations and they are able to deliver quality services and smooth management thanks to their strict adherence to international standards.
The AMS client base varies from super specialty hospitals to premium residential centres and super-malls to corporate offices. They implement state of the art logistics tools and services to ensure customer satisfaction. An efficient grievance alleviation system, recurring security drills, routine inspections and emergency tackling cells are some of the aspects unique to their operations and this makes Alpha Management Services a name to be reckoned with in comprehensive asset management.
Source...