Piyush Group launches Rs 210 cr IT project in Faridabad

New Delhi, Sept 18 (UNI) Real estate developer Piyush Group today said it has launched a commercial IT project, 'Global i', in Faridabad, with an investment of Rs 210 crore.

The project, spread over three lakh square feet area, is expected to be ready by 2010, a company statement said.

The work o the project has commenced after receiving the Letter of Intent and sanctioning of the construction plan, the statement said.

Designed by renowned architect Hafeez Contractor, Global i will have offices, a three-level basement parking system, a cafeteria, a health club and spa.

''We are also planning to set-up five well-equipped service rooms within the park,'' Piyush Group Chairman Anil Goel said.

A 12 per cent return on investment has also been assured for nine years to attract more investors for the project, Mr Goel said.

UNI SR SG HS1616