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Sahara Prime City Limited collaboration with USA’s Turner Construction Company

By Sanchita Kumari Subscribe to RSS | April 19th 2012 | Views:
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Sahara India Pariwar is one of the leading corporate conglomerates in which have many entities under its umbrella. This company has diverse business interests in fields like information technology, finance, consumer merchandise retail venture, infrastructure and housing and media & entertainment. Sahara India Pariwar started in 1978 by Subrata Roy Sahara, with three workers in Gorakhpur in Uttar Pradesh. Now Sahara India Pariwar is major player in the fields mentioned above. Sahara Prime city is one of the major entities of Sahara India Pariwar that is involved in the real estate business.

In collaboration with Tuner Construction Company, which is the largest building construction contractor and the Acropolis Capital Group, Sahara Prime City has formed a Special Situation Investment and Development firm to serve the construction and development market in India. Subrata Roy Sahara, Managing worker and Chairman of Sahara India Pariwar, Nicholas E. Billotti, President and CEO of Tuner Construction International and Annat Jain, Managing Partner of Acropolis Capital named that firm - Sahara Tuner Construction Limited.

The main aim behind the launch of this company is to serve the construction and development market in India. The company is providing integrated construction services in India and is leading the construction of the chain of Sahara City home, integrated townships and other real estate and other infrastructure projects of Sahara India Pariwar.

The company aims to complete the construction volume of Sahara Prime City Limited to $ 25 billion over the next 20 years of which they plan to complete $ 2.5 billion over the next 5 years. The Sahara Tuner Construction Limited will be the favorite contractor for the Sahara Prime City for the execution of this entire volume of job.

Sahara India Pariwar has initially invested $100 million and is holding 63% of the joint venture while the rest is held by Turner and Acropolis. On the other hand, Turner Company has spent around $ 1 million in setting up the partnership.

Acropolis has been associated in as a private equity partner for the Sahara Tuner Construction Limited. According to Subrata Roy Sahara, turner, which was the project manager for the popular Burj khalifa building in Dubai, will provide its proficiency in the construction field.

Moreover, Sahara Tuner Construction Limited will not limit itself to the Sahara projects but will also pursue third party building and construction projects. The company aims to emerge as a multi product and integrated construction Services Company that encloses the life cycle of building infrastructure and real estate projects.

Sanchita Kumari - About Author:
Sanchita Kumari is a highly respected full time professional writer. She has written several Articles on Subrata Roy, Sahara India Pariwar, Charity by Sahara, mutual fund, Sahara India Sports and more articles.

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