Falcon Realty Services Private Ltd., which has spent twenty years in the land buying and dealing sector in India, is making its first step into development, the company has reported.
The firm is currently in the planning plans of eco-friendly developments, with the development of infrastructure and support focusing around industrial hubs, it said in a statement.
According to Bhim Yadav, CEO of Falcon, the growth of customers’ interest in environmentally conscious housing and commercial space has led to this new focus. “We have already recognized the land and formulated, conceptualized and designed the eco-friendly master planned communities.” The firm is looking for further space in 2-tier cities to develop commercial, residential and retail projects on a green basis.
India has been a major arena for commercial real estate development of late. Most recently, according to a report by CPN, Hill International won a contract by Smart City (Kochi) Infrastructure Private Ltd. to provide project management services for the Smart City Kochi development in India. Situated at the southeastern Indian coastal city of Kochi, Smart City Kochi will be a technology epicenter. The development, built on nearly three acres and developed as a Special Economic Zone, is expected to become one of India’s biggest business parks.