Thursday, June 20, 2013

PBEL India awards construction contract to Shapoorji Pallonji for PBEL City Chennai

PBEL Property Development India Private Limited has awarded the construction contract for developing the 1st Phase of PBEL City Chennai to Shapoorji Pallonji & Co. Ltd. They will be responsible for the construction of the proejct’s high rise structures. Shapoorji Pallonji a global company with extensive experience in the construction of high quality residential townships have been contracted to deliver the international standard design of PBEL City.

According to Mr. Surya Reddy, Managing Director, PBEL Property Development India Pvt. Ltd, “The appointment of Shapoorji Pallonji is a major milestone for ensuring the completion of PBEL City that will allow us to deliver the project on time to the people of Chennai. They are known for their safety, quality conscious construction and have strong credentials of building large residential townships. We are confident that our partners will help us build PBEL City Chennai as a strong residential community with state of the art infrastructure, world class amenities and help us shape our dreams.”

Taking a step towards a long and fruitful partnership, Shapoorji Pallonji and Co. Ltd in the presence of senior members of PBEL Property Development India Pvt. Ltd. organized and conducted the ground breaking ceremony (Bhoomi Puja) last week.
PBEL City is a unique concept as it is designed around the needs of modern living with the highest attention to quality.  It is poised to be a landmark among townships in Chennai. PBEL City Chennai will revolutionize the concept of living spaces in the city, especially on the OMR. The sports facilities including the international standard cricket ground is under construction and will be ready soon.

About PBEL
PBEL Property Development India Private Limited is a joint venture between Israeli real estate giants, PBC and Electra Real Estate Ltd. along with Hyderabad-based Incor Infrastructure, the brain child of NRI entrepreneurs – Anand Reddy and Surya Reddy. PBEL entered India’s real estate market with PBEL City, its flagship venture in Hyderabad. PBEL builds and owns residential projects, office spaces, commercial centers, high-tech industrial parks and cargo facilities. PBEL is an active member of CREDAI and has contributed to the exuberance of the realty scenario by bringing in the much-needed ethical practices and new trends of marketing.