News & Views on Indian Real Estate

Wednesday, September 03, 2008

UK Firm Forays Into The Indian Realty Sector

Millennium Spire Limited, an 'Alternative Strategies Fund' under the UK-based Millennium Global Umbrella, has entered the Indian realty sector unveiling its maiden platform for developments in the Indian market, Spire World. It is a platform that would drive development of mainstream green projects of Millennium Spire in the country. This has 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 percent, costing Rs 400 crore. The project is a 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.