|
Royal Indian Raj International Corporation
Signs India-Exclusive Deal With Nicklaus
Design For Jack Nicklaus
Signature Courses Across Nation
VANCOUVER, Canada - March, 2007 - The Royal Indian Raj International Corporation (RIRIC), India's
largest foreign direct investor in the real estate sector, in an aggressive move to further strengthen its
dominant position announced today that it has signed an all India-exclusive contract with Nicklaus
Design, the world's leading golf course design firm, for the creation of multiple championship-quality
Jack Nicklaus Signature Golf Courses throughout India.
RIRIC's inaugural project, Royal Garden Villas & Resort in Bangalore, is being touted as the showcase
model for modern real estate developments in India and is the flagship for RIRIC's Royal Garden Villas
& Resort brand. The developments range from $300 million (US) to several billion dollars (US). Royal
Garden Villas & Resort, Hyderabad, Mumbai and Delhi are all planned to launch over the next 24
months. All Royal Garden Villa & Resorts will feature Jack Nicklaus Signature Golf Courses.
"The golf industry in the nation of India is in a nascent state and we intend to develop a chain of
golf courses and resorts throughout the Indian nation," said RIRIC Chairman and CEO Manoj C.
Benjamin. "Nicklaus Design is without a doubt, the top golf course design firm in the world and we
are happy to provide them with some very idyllic locations outside of India's major cities for these
exciting resort/golf course concepts. We are extremely excited about teaming up with Jack and his
renowned design team to create resorts of unequaled excellence and distinction for India."
Nicklaus Design currently has projects under development in 37 different countries, but when Royal
Garden Villas & Resort in Bangalore is launched, it will represent only the firm's second project in India
and its first in close to a decade.
"It is a great privilege to be associated with a prestigious company like the Royal Indian Raj
International Corporation," Jack Nicklaus said. "They have established themselves as pioneers in
the Indian real estate sector and we are excited about the opportunity to be a part of the company's
entry into the golf sector. India is home to a fifth of the world's population, and we embrace
the challenge, as does Royal Indian Raj, to create an environment where these people will
enjoy living and playing. I think Royal Indian Raj's goal is to set the standard for golf and
residential communities in India, and I think we share the same vision."
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, six-sector heavy infrastructure
orientation, focused on the free world's largest emerging market, India. The company's vision is
to help develop the New India by modernizing residential and commercial real estate developments,
methodologies, and businesses through the realization of self-sustaining cities for the future. RIRIC
implements leading-edge technologies and products in strategic alliance with world-class international
corporations. Partnered with these international leaders in their respective fields, RIRIC is focused on
five of India's priority infrastructure sectors using a vertically integrated business strategy:
- Urban Infrastructure & Housing
- Road Building & Recycling
- Broadband Communications & IT Networks
- eCommerce/IT & Education Applications
- Broadcast Content
- Retail
- Entertainment & Theme Parks.
RIRIC's city projects, Royal Garden City-Bangalore, and the Royal Garden Marina City and Financial
Harbor-Mumbai, are the first of six cities planned by the company. RGC Bangalore is a 3,000-acre subcity
development situated between downtown Bangalore and the new Bangalore International Airport.
The US$8.97 billion integrated Live/Work/Play development features over 146.36 million square feet of
residential, commercial and industrial space to accommodate the burgeoning Bangalore market and has
been planned and designed by the former Singapore Public Works Dept. The project is 15 times the
size of Canary Wharf in London, England.
Royal Garden Marina City and Financial Harbor, covering an area of 5,000 acres, is situated 16 nautical
miles from the Gateway of India in downtown Mumbai. It will be Asia's largest real estate development
and India's first smart city, with 22.8 million square meters 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.
|
|