The Hindu : Business : U.K. firm enters Indian realty sector

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Friday, Aug 29, 2008
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U.K. firm enters Indian realty sector

Special Correspondent

NEW DELHI: Millennium Spire Limited, an “Alternative Strategies Fund” under the U.K.-based Millennium Global umbrella, on Thursday announced its foray into the Indian real estate sector unveiling its maiden platform for developments in the Indian market, Spire World, a platform that would drive development of mainstream green projects of Millennium Spire in the country.

The unveiling of ‘Spire World’ also marked the launch of the company’s first “Mainstream Green” project in India, Spire Edge, a sprawling 1.6 million sq. ft. of scalable eco-office complex with an energy saving capacity of up to 30 per cent, costing Rs. 400 crore. It is a 50:50 joint venture between Millennium Spire and A. N. Buildwell, a company with over 25 years of experience in real estate development. The project would be located in the emerging IT hotspot, IMT Manesar along the Delhi-Jaipur highway.

Talking to newsmen here, Ashish Bhalla, Managing Director, Millennium Spire said Spire Edge offered a never before commercial advantage bringing better sense and viability to any office project. The uniqueness of the project is the design and infrastructural superiority.

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