Synergy set to deliver 180 million sq. ft. in the next 2 to 3 years

The company has so far delivered 120 million sq. ft. across various asset classes

Bangalore, October 11, 2017: The Bangalore-based project management and engineering services major Synergy Property Development Services, is at the cusp of an aggressive growth plan across its portfolio of projects in India and abroad. The company which has so far delivered over 120 million sq. ft. of projects, and has plans of developing over 180 million sq. ft. by the end of FY 2020 across various asset classes, to fuel its ambition to be an INR 700 Crore company. As the company enters into its 15^th year of operations next year, it further aims to grow its portfolio of projects across all its asset classes, which includes commercial, hospital, retail, hotels, data center, mixed use, residential, institution and industrial.

Mr. Sankey Prasad, Chairman and Managing Director of Synergy said, “We are targeting to broaden our portfolio, not just in India but markets where Synergy has a strong presence, whether it’s South Asia, Middle East Africa or Sri Lanka. We have delivered some of the most iconic projects across geographies and have the master plan of 3 megaprojects that are underway and announcements will be made within the next few months.”

“We have grown as an organization of 8 employees in 2003 when we started, to over 1000 employees presently,” he further added.

Blackstone which is a key investor in Synergy, was buoyant about the company’s plans. “We share a long-standing relationship with Synergy and have been an integral part of their growth story. We are confident that Synergy will be able to achieve the ambitious goals that they have set out for themselves, and envision the company to continue creating new benchmarks in the space of project management & engineering services both in India and globally,” said Mr. Tuhin Parikh, Senior Managing Director at Blackstone.

“The very first project of Synergy, was our iconic Embassy Golf Links Business Park, started in 2003, and since then over the last 14+ years, Synergy continues to grow as world-class organization delivering project of international standards. They have successfully delivered our projects; be it large commercial/ IT Parks, Premium Residential, Hotels, Industrial warehouses etc.”, said Mr. Jitu Virwani, Chairman, Embassy Group. 

Over the years Synergy has delivered a list of marquee projects which include – a 6.5 million sq. ft. business park – Golf Links Business Park, Bangalore; Medanta – The Medicity, which is a 1200 bed hospital, Gurgaon; 1.3 million sq. ft. retail project – Select Citywalk, New Delhi; 285 key hotel – Pullman Gurgaon; 420,000 sq. ft. Data center – Pacific Controls, Dubai; 2 million sq. ft. Township Development for RSSB Kigali, Rwanda.

Synergy, head quartered out of Bangalore has Regional Offices in Delhi (NCR), Mumbai (Western Region), Hyderabad, Kochi, Trivandrum and Chennai, as well as Project Offices in over 22+ cities like Pune, Nagpur, Ahmedabad, Goa, Nasik, Shimla, Chandigarh, etc. Internationally, Synergy has its presence in Middle East, Africa, Malaysia, Sri Lanka, Vietnam and Nepal.

Corporate Comm India(CCI Newswire)