Bangalore, Mar 10 (UNI) Mr. Prakash Gurbaxani, well known serial entrepreneur and one of the pioneers of ITeS industry in India, today announced the launch of his new venture QVC Realty the first venture-funded Real Estate Company in the country.
Mr. Gurbaxani, along with 10 members, will form the core management team of QVC Realty according to a release here.
The company would operate in about 12 markets including Tier-I cities like Mumbai, Delhi / NCR, Bangalore, Hyderabad, Pune and Chennai and Tier-II ones like Kolkata, Chandigarh, Nagpur, Vadodara and Cochin.
The development projects would cover a range of residential, commercial office, commercial retail, hospitality, mixed-use and integrated townships.
Commenting on his initiative, Mr. Gurbaxani said, ''The growing Indian economy is creating unprecedented opportunities in the Indian Real Estate market. Combined with policy changes pertaining to FDI in real estate and the focus on investment in infrastructure in the country the Indian Real Estate market is at the threshold of undergoing radical changes. As the First Venture Capital backed startup in this exciting industry we are well positioned to capitalize on the growing demand across various real estate asset classes''. He said "QVC stood for Quality and Value for the Customer".
UNI
Mr. Gurbaxani, along with 10 members, will form the core management team of QVC Realty according to a release here.
The company would operate in about 12 markets including Tier-I cities like Mumbai, Delhi / NCR, Bangalore, Hyderabad, Pune and Chennai and Tier-II ones like Kolkata, Chandigarh, Nagpur, Vadodara and Cochin.
The development projects would cover a range of residential, commercial office, commercial retail, hospitality, mixed-use and integrated townships.
Commenting on his initiative, Mr. Gurbaxani said, ''The growing Indian economy is creating unprecedented opportunities in the Indian Real Estate market. Combined with policy changes pertaining to FDI in real estate and the focus on investment in infrastructure in the country the Indian Real Estate market is at the threshold of undergoing radical changes. As the First Venture Capital backed startup in this exciting industry we are well positioned to capitalize on the growing demand across various real estate asset classes''. He said "QVC stood for Quality and Value for the Customer".
UNI
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