Sam Circle Venture has picked up equity stake in ProjectWell
by Loknath Swain Tuesday, August 10, 2010
“Sam Circle Venture has picked up equity stake in ProjectWell a development management firm focused on services and products for building industry.
In a press release Sam Circle Venture's Managing Principle Amber Malhotra said, “ ProjectWell is the only Indian company which focused approach on management of building process along with development of new building technologies to reduce the turnaround time. Project Well is working towards moving various project management processes to a more controlled environment both on services and product front. Project Well will be Sam Circle Venture operating partner to develop the building technologies platform in India. Sam Circle Venture will leverage its network partners to the platform.”
In the press release , Malhotra also said, “ To begin with, Kieran Timberlake the award winning design firm from Philadelphia, which is developing the prototype for industrialized modular homes for Indian market, will now work in close association with ProjectWell. The combine will design & engineer prototype for an affordable and sustainable home to be developed through an industrialized process.”
Sam Circle Venture is an asset management platform engaged in incubating and creating a portfolio in Building Technologies, Education and Healthcare sector. This portfolio in specified sectors is developed along with operating partners, in which Sam Circle Venture holds equity stake and investment partners, whom Sam Circle Venture advise to invest in various assets under the portfolio companies”
ProjectWell is India's first and only Development Management Company. ProjectWell views projects from a 'cradle to cradle' perspective and derive solutions for the entire life-time of a real estate project. ProjectWell is involved in developing integrated communities which take you back to your childhood.
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About Amber Malhotra
Sam Circle Venture
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