Asipac signs USD 250 million project in Hyderabad

Bangalore, July 16 (UNI) India's leading property marketing company, Asipac, today announced that it has signed a contract to plan and market a US dollar 250 million real estate project HYDCITY at Hyderabad.

According to a press release, HYDCITY's promoter is a multi-billion MNC conglomerate with interests in real estate, construction, property management, hotels, telecom, retail, medical imaging, insurance, financial services, semiconductors, tech funding, cement, transformers, vertical transportation systems, agrochem products and paper products.

Six group companies were listed on NASDAQ and five on other exchanges around the world. They own 17 million square feet of income-generating buildings and provide asset management services for more than 30 million square feet of property. They have plans to invest US dollar four billion in India by 2011, the company release said.

Asipac is a market leader in urban project planning and property marketing. Since 1996, Asipac has provided planning and marketing solutions, concepts and business strategies for projects of >345 million square feet, with a value of over Rs.830 billion. In 2006, Asipac became India's leading property marketing company, with sole selling mandates of 53.6 million square feet property valued at over Rs.142 billion.

Twentythree ongoing projects of Asipac include a 860-acre themed integrated township, a 250-acre golf community, a 150-acre township, a 50-acre gated community of India's most luxurious villas, a 52-acre township, a 790-unit 11-skyscraper condoville, a 37 acre affordable homes community, a multi-product SEZ and 9 malls/retail projects.

UNI