Bangalore based TSI Ventures (India) Pvt. Ltd. a JV among US developer Tishman Speyer and ICICI Venture are coming up with the debut realty project in India, named WaveRock.
Tishman Speyer President & CEO Jerry Speyer said to www.propertykhazana.com that, “We have seen India getting the elite housing and commercial landmarks which are globally famous. Example of our knowledge comprises Rockefeller Centre, Torre Norte or Sony Centre and India is rapidly taking up the speed in international market and might shortly lead it. This is the one cheering for us to develop lands in India.” WaveRock is developing in 3 phases in about 12 acres and it is allotted by the APIIC. There are proposals to develop IT SEZ venture in Nanakramguda near Gachibowli and will feature 2.2 Million Sq.ft Class A commercial site comprising 100,000 Sq.ft site to carry out the services.
As per the sources available to www.propertykhazana.com, building is planned on the orders given by the US Green Building Council and the lines were serious to get Leadership in Energy and Environmental Design (LEED) certification. Company is having discussion for the 2nd round of funds to support the other realty ventures that the JV which is planned to take up, said the senior MD Ms. Katherine G Farley. TSI Projects is also taking into consideration the development of housing, commercial and office in main Indian Cities comprising Delhi, Mumbai, Kolkata, Pune and Chennai. These are the main objectives where the international conglomerates have started their offices.
Source: NIMMA BENGALURU
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