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19-Feb-09

TVH selects Aconex for residential ventures in Chennai

Aconex has been selected by True Value Homes (TVH) to provide its online information management system to the company’s high-profile Ouranya Bay and Metro Golden Nest residential developments in Chennai, India. TVH will use the Aconex system to manage project information and collaborate with external organizations.

When complete, Ouranya Bay will be Chennai’s largest residential complex, including six 30-storey towers in Phase 1 of a 17.5 acre site. The Metro Golden Nest development includes 944 residential units on a 13 acre site. Design and construction of the projects will involve an extensive network of organizations from India and consultants from Singapore. By using Aconex, project members will be able to view, track and share their documents and correspondence electronically in real-time through one central system.

Arun Nehru, Director at TVH, said: “Large, complex residential developments require close collaboration between parties to ensure deadlines and budgets are met. With project members based in Singapore and across India, controlling the large volume of information generated on our projects could have been time-consuming and challenging. Aconex will enable us to efficiently manage all of our files and mails online in one place so that we, and our project partners, can access the information we need, whenever we need it.”

Leigh Jasper, Aconex Chief Executive Officer, added: "Effective collaboration is at the core of a successful project, so we look forward to working with TVH to help deliver their ambitious and innovative projects.”

Aconex has offices in Chennai, Hyderabad, New Delhi and Mumbai and its clients include BG India, Larsen & Toubro, Reliance, Tata Power and McDonald’s Restaurants.

Initiated in 1997, True Value Homes is one of Chennai’s premier property development, construction and project management companies. To date, TVH has completed more than 4 million sq ft in cumulative construction space, with about 6 million under construction, consisting of 1.5 million in commercial property and 4.5 million in residential property.




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