From correspondents in Delhi, India, 05:59 PM IST

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: Press Release Distribution via India PRwire