Royal Indian Raj International Corporation Engages Leading Real Estate Investment Banking Firm, The Greenwich Group International, for USD 1 Billion in Financing for its Royal Garden City Developments in India.NEW DELHI New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , India -- Largest Foreign Direct Investment in History into Indian Real Estate Sector Royal Indian Raj International Corporation (RIRIC) today announced that it has entered into a strategic partnership with New York-based real estate investment banking firm, The Greenwich Group International, to secure USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1 billion in financing for the development of multiple, private, planned cities This is a list of planned cities (sometimes known as planned communities or new towns) by country. Additions to this list should be cities whose overall form (as opposed to individual neighborhoods or expansions) has been determined in large part in advance on a drawing board, or which in India. This strategic partnering will pursue equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay with institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. and lenders to quickly capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the booming real estate sector in the world's fastest growing free market. "The Greenwich Group International was founded on the premise of accessing international real estate capital flows, and we are confident that India will be a major destination for world-wide capital in real estate investment and development over the coming decades. We are very excited to be a part of this burgeoning capital flow as it will relate to RIRIC's planned cities in India," said Simon Milde, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Greenwich Group International. To capitalize on the reformed Indian economy and satisfy the demand of the country's immense housing shortage, RIRIC is developing large-scale commercial and residential townships in India's four largest cities - Bangalore, Mumbai, Kolkata and New Delhi. RIRIC's inaugural project, Royal Garden Villas in Bangalore, is currently being master planned on 17 acres of rolling terrain, 25 km from the new Bangalore International Airport  This article or section contains information about a planned or expected new airport. . Destined des·tine tr.v. des·tined, des·tin·ing, des·tines 1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic. 2. to become one of the most unique developments in India, Phase I of the Mediterranean Italian-style village is scheduled to be launched this fall. "With the Indian real estate sector in transition and recent landmark legislation allowing foreign direct investment in real estate, the opportunity for participation in this formerly closed market is heightening. Investment and tax laws are changing, capital markets are shifting, and the role of debt is evolving in the nascent real estate sector. The strategic alliance with Greenwich Group International, with its proven track record in international real estate finance, should prove to be significant for capital structuring of RIRIC's city environments. The opportunity remains significant in light of RIRIC's 1st to market advantage, its township/city focus, and India's 80-100 million unit housing shortage and colossal infrastructure demands," said Manoj C. Benjamin, Chairman & CEO of RIRIC. RIRIC's inaugural mega-project, Royal Garden City - Bangalore, which has been approved by the Government of India's Foreign Investment Promotion Board, and the Royal Garden Marina City Marina City is a mixed-use residential/commercial building complex occupying an entire city block on State Street in Chicago, Illinois. They lie on the north bank of the Chicago River, directly across from Chicago's Loop district. and Financial Harbor, Mumbai, are the first of six proposed cities planned by the company. RGC RGC Royal Government of Cambodia RGC Retinal Ganglion Cell RGC Responsible Gambling Council RGC Rio Grande City (Texas) RGC Routing Group Connector (Microsoft) Bangalore is a 6,000 acre sub-city development situated between downtown Bangalore and the new Bangalore International Airport. Phase I of the USD 18 billion development initiative is a USD 8.97-billion integrated Live/Work/Play development featuring over 146.36 million sq. ft. of residential, commercial and industrial space to accommodate the burgeoning Bangalore market and has been planned and designed by the former Singapore Public Works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. Dept. The project is 15 times the size of Canary Wharf
Canary Wharf is a large business development in London, located on the Isle of Dogs in the London Borough of Tower Hamlets, centred on the old West India Docks in in London, England. Royal Garden Marina City and Financial Harbor, a USD 16 billion project, covering an area of 5,000 acres, is to be situated in Mumbai, India's financial center. It will be Asia's largest real estate development and India's first smart city, with 217.8 million sq. ft. of high-tech retail, medical, education and housing facilities. The project comprises over 50,000 residential units, a central business district, industrial district, entertainment district, parks, restaurants, shopping, educational facilities and civic amenities. An estimated 400,000 to 600,000 people are expected to live, work and play within the city daily. The development of Royal Garden Marina City and Financial Harbor will mark a new chapter in the history of modern city planning city planning, process of planning for the improvement of urban centers in order to provide healthy and safe living conditions, efficient transport and communication, adequate public facilities, and aesthetic surroundings. in India, featuring a sophisticated information network base on multimedia technologies. The anticipated start date for Royal Garden City-New Delhi and Royal Garden City-Kolkata is summer 2006. OCO Consulting, spun off from PricewaterhouseCoopers and one of the top consulting firms among European and international development agencies, rated RIRIC as the top company in its FDI FDI See: Foreign direct investment rankings in the fourth quarter 2004 and ranked the Royal Garden City-Bangalore project among its top mega projects in the Asia-Pacific region. About The Greenwich Group International The Greenwich Group International is a global real estate investment banking firm with unparalleled access to the international flows of debt and equity for commercial real estate investment. Headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , The Greenwich Group International is a world leader in real estate investment banking, with offices in eight cities on four continents. Comprising a global network in the major economic investment centers of the world, The Greenwich Group International provides investment banking and financing services as well as acquisition and asset management to some of the world's largest property investors. Since it was established in 1995, The Greenwich Group International has been involved in over USD 30 billion of real estate investment banking activities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Asia and Australia. For additional information, visit The Greenwich Group's website at www.greenwichgrp.com About Royal Indian Raj International Corporation Royal Indian Raj International Corporation, (RIRIC), incorporated in Nevada, USA, in March 1999 with offices in Vancouver, London and Bangalore, India, maintains a country-specific, 5-sector heavy infrastructure orientation, focused on the free world's largest emerging market, India. The company's goal is to develop the New India by modernizing housing and businesses and realizing self-sustaining cities of the future "Cities of the Future" is a 12" and a CD single by the Israeli psychedelic trance duo Infected Mushroom. The single was released by BNE in August 2004. Track listing (12")
RIRIC is bringing FDI into India under the Integrated Township development program of the Indian Federal Government and hence is allowed to own lands through a 100% Indian subsidiary. The Urban Infrastructure & Housing sector concentrated on the development of prime lands in and around the four largest cities of India addressing the severe housing shortage and the lack of quality commercial and industrial building product. The lands are then improved through planned Integrated City/Township Developments and built out using advanced, vertically integrated building systems in conjunction with national and international collaborations providing maximum cost efficiencies. For more information on Royal Garden Villas, visit www.rgvillas.com or visit www.riric.com For additional information please contact: Corporate Head Office Address: 2450 - 1066 W. Hastings Street Vancouver, BC V6E 3X1 Tel: +1.604.685.7442 Fax: +1.604.685.7413 Email: info@royalindianraj.com Website: www.royalindianraj.com |
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