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Faridabad Real Estate Property

Real-Estate major Piyush Group launches Rs. 210-crore IT project in Faridabad


By Unregistered Visitors, Section Faridabad Real Estate Property
Posted on Sat Sep 20, 2008 at 12:28:03 AM EST

Leading real estate developer Piyush Group is about to announce the launch of its commercial IT unit named `Global i' in Faridabad. The net worth of this ambitious project, spread over 3 lakh square feet area, is Rs. 210 crores and it is expected to be ready by 2010. Following the procurement of the Letter of Intent and sanction of the construction plan, work has commenced on this project. "Faridabad is a relatively untapped commercial market and its easy accessibility from Delhi makes it a lucrative investment option for domestic as well as multinational companies. The tremendous initial response that Global i has garnered shows that this hitherto unknown city is on its way to become a major IT hub of NCR. Two floors of this six-storied park have been sold-out even before construction started." said Mr. Anil Goel, Chairman, Piyush Group.

Designed by renowned architect Hafeez Contractor, Piyush Group's `Global i' has been designed on an eco-friendly pattern and provides for an infrastructure platform that is customized to meet all the needs of the IT industry. Apart from state-of-the-art offices, this IT unit of Piyush Group also boasts a 3 level basement parking system, a spacious cafeteria as well as a health club and spa.

"We are also planning to set-up five well-equipped Service Rooms within the park so that visiting guests of the tenant companies have a comfortable place to stay." Mr. Goel added. A 12% return on investment has also been assured for 9 years to attract more investors for this project.

Source: www.IndiaPRwire.com, 19-09-2008

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Faridabad: Fast Coming Into Limelight,The Region Is Going To Meet The Needs Of All Kinds Of People


By Ni3, Section Faridabad Real Estate Property
Posted on Sun Sep 07, 2008 at 10:52:22 PM EST

With more and more constructive activities on the rise, the vertically and horizontally growing city of Faridabad will have a new face five years down the line. To improve transport amenity the upcoming Metro Railways in the city will do its bit..

The industrial hub of Haryana has changed its blueprint to accommodate more capital inflows. The constant and the consistent infrastructural development in the commercial as well as retail sector is keeping an option open to the investors from far and wide to consider the real estate boom in Faridabad. Coming soon a new city from the womb of Faridabad-Greater Faridabad is conceptualising the group housing sector. With twenty residential sectors, the region is going to meet the needs of all kinds of people lying in the bracket of urban poor, middle-class and luxurious. Two separate multi-storied housing facility has been announced to provide affordable accommodation to urban poor, fresh plans are being drawn up to welcome the middle-class families under the roof of Greater Faridabad and high rise multi-storey buildings with all comforts for well- heeled people. The construction of other projects like Lakewood City and Greenfield's colony is underway. Already drawing a lot of attention, the city is attracting major investments and by 2010 more than 5000 crores will be invested in t