User:Achyutamadabushi/sandbox

Introduction
PBEL Property Development (India) Pvt. Ltd. is a global joint venture between three construction majors - PBC Israel, Electra Israel, and INCOR India. Property and Building Corporation (PBC), a subsidiary of the IDB group with international presence, mainly North America, Asia and Europe. IDB was established in 1961 and today is Israel’s largest business conglomerate. It is listed in the Tel Aviv Stock Exchange and has global assets of more than $36 Billion. Electra is a subsidiary of ELCO holdings Ltd. based in Israel & own 109 revenue generating properties across the globe. Incor is the Indian counterpart with a vision to build a customer-centric and professional real estate company, that create quality housing and commercial spaces in South India.

Management
PBEL is managed by Mr. Anand Reddy and Mr. Surya Reddy, Hyderabad based entrepreneurs who were based in the US for almost two decades before deciding to return back to India. The duo have successfully set-up and managed various tech based start-ups in the US.

Projects
The company launched its first project in Hyderabad, India called PBEL City - a 24-acre residential project close to Andhra Pradesh Police Academy (APPA) junction. The project was started in the year 2009 and the first two towers - Platinum and Titanium were delivered in the September, 2011. Platinum and Titanium witnessed good response and currently approximately 300 families are living in these two towers. The third tower-Aurum was launched in December, 2011 and is scheduled for delivery in December, 2013. PBEL launched the fourth tower Argentum in October, 2012. PBEL City is designed for 13 residential towers with a state-of-art club house complete with word class amenities such as a swimming pool, gymnasium, tennis courts, basketball courts, a party area etc. among others. The project is maintained well by the property management team.

Following the overwhelming success of their Hyderabad project, PBEL recently launched their signature project in Chennai called PBEL City, Chennai. The Chennai project is a 42-acre project and is planned for residential towers, villas and a cricket ground at the heart of the project.