- First-of-its-kind agreements by RailTel with a private developer to develop this kind of infrastructure
Mumbai, 14th July 2022: The Wadhwa Group, one of India’s leading real estate development companies and a prominent realty player in Mumbai have entered into an agreement with RailTel Corporation of India Ltd. (RCIL), a Central Public Sector Enterprise wherein RCIL will invest to plan, design & create a state-of-the-art wired infrastructure capable of delivering high-speed Broadband, Linear Cable TV services and other VAS services at Wadhwa Wise City, a Smart City project developed by The Wadhwa Group in Panvel. Wadhwa Wise City is an integrated township project spread across 138 acres with a development potential of 10mn sq.ft. being developed as part of a 450-acre land parcel.
It is also the first of its kind agreement by RailTel with a private developer to develop this kind of infrastructure. RCIL will build the entire end-to-end infrastructure and will have the exclusive rights to lay the wired and wireless infrastructure for a period of 10 years within the Smart Township. Other Service providers will also get access to deliver their Services which will include security services, Voice (over IP) and Linear &/Non Linear) Cable TV /DTH and IPTV services as well as VAS. RCIL will build underground and in-building infrastructure up to the subscriber/user home and deliver/provide Internet Services and also manage the Network Infrastructure required for supporting RailWire business. The Access Network in Wadhwa Wise City Premises would be underground 48/96 core Optical Fiber cable. Both the Last Mile and Access Network devices would be maintained and managed by RCIL-approved vendor or MSP/Access Network partner. Further RCIL shall also augment capacity and plan a resilient network to handle RailWire traffic as per business projections. It shall also create RailWire Pops to provide network connectivity to Wadhwa Wise City Residents.
Speaking about the agreement, Mr. Navin Makhija, Managing Director, The Wadhwa Group said, “Wadhwa Wise City Panvel has been designed keeping the buyer’s overall wellness and all the lifestyle needs in mind. The township is strategically located close to several infrastructure developments and with the government’s strong focus on developing Panvel, this region is slated to be the next economic growth corridor. Therefore, this partnership with RailTel will ensure that the residents at Wadhwa Wise City will enjoy the best-in-class internet and value-added services offered over this infrastructure.”
Talking about it, Smt. Aruna Singh, Chairman & Managing Director, RailTel said, “RailTel is one of the largest neutral telecom infrastructure providers in the country. The Nationwide broadband internet services ‘RailWire’ by RailTel is quite popular due to its reliability and affordable tariff and its Subscriber base has grown to nearly 4.6 Lakhs+ subscribers all over the country. Railtel has recently launched truly unlimited broadband plans bundled with 13 OTT (Over-The-Top) services to RailWire customers. The Company is providing satisfactory services to many sectors which include Railways, Defence, Coal, Health, Education sectors, etc. This is our first agreement to develop this kind of infrastructure in a large township like Wadhwa Wise City and we will implement it efficiently. Our focus will be to create a state-of-the-art infrastructure for the residents of the township at a very minimal additional cost. Our efforts will be to secure more similar agreements.”
The project which is planned in multiple phases will be completed in a span of about 5-7 years and will comprise of IT parks, Father Agnel School, healthcare facilities, clubhouse, retail and shopping etc. This mega residential township once completed will not just be a row of concrete structures, but an impeccable mix of green & grey to render a mega lifestyle for healthier & holistic living. Spread across a vast verdant tract, this sprawling project will offer community living at its best via its meticulously planned spaces. The project will offer superior air quality, dedicated open spaces, and top-class amenities to all its residents.
In recent times, the NAINA region has emerged as the hub of quality housing projects due to comparatively lower prices, good road and railway connectivity and growing infrastructure. According to recent studies, there is a huge demand for housing across metro cities where we see a large influx of people coming, in search of jobs and a better livelihood. Supporting the economic upliftment of the region, Wadhwa Wise City is expected to become a viable option for homebuyers.
About The Wadhwa Group
The Wadhwa Group carries a rich legacy of over half a century built on the trust and belief of our customers and stakeholders. The group is one of Mumbai’s leading real estate companies and is currently developing residential, commercial and township projects spread across approximately 4.21 Million sq.m Developed, ongoing & future (45 million square feet). Timely completion of projects coupled with strong planning and design innovation gives the group an edge over its competitors. As an organization, the group is also known for its employee-friendly and professional working environment. Today, the group’s clientele comprises of over 20,000+ satisfied customers and over 150 + MNC corporate tenants.
All properties of The Wadhwa Group incorporate their proprietary design philosophy ‘Ventilit’ which emphasizes on the elements of height, light and air. Every space is built to maximize cross ventilation, natural light, and higher floor-to-floor heights further add to the expanse of the apartment.
Over the years, The Group has received many awards for both its commercial as well as residential projects.
About RailTel Corporation of India Limited
RailTel, a Mini Ratna (Category-I) Central Public Sector Enterprise is an ICT provider and one of the largest Neutral Telecom Infrastructure Providers in the country owning a Pan-India optic fibre network covering important Towns and Cities of the country and several Rural areas. RailTel operations are certified with various certifications including ISO 9001:2015, ISO 20000-1:2013 and CMM Level-4 for its quality management systems, Information security Management systems and Service Management Systems respectively.