Turner Construction Co., Sahara Prime City Ltd. and Acropolis Capital Group Establish Partnership to Serve the Construction Market in India

  

MUMBAI, India, Feb. 9, 2012  /PRNewswire/ -- Sahara Prime City Limited, one of India's leading real estate developers, Turner Construction Company, a leading general builder in the United States and Acropolis Capital Group, a financial investment firm, are proud to announce the formation of Sahara Turner.

Sahara Turner will lead the development and construction of multiple townships across India with an approximate value of $2.5 billion over the next five years. The partnership will be managed by Turner.

The formation of this company underscores Sahara Prime's commitment to the delivery of affordable housing at a high standard of quality and on a timely basis.

The company will provide integrated construction services and lead in the development of townships.  Over time the company will serve clients in other markets such as infrastructure, healthcare and hospitality.

"We are extremely excited with the partnership we have established with Sahara Prime City and look forward to making a significant contribution to the construction market in one of the world's fastest growing economies," said Nicholas Billotti (middle left  photo), President and CEO of Turner's International division.

Speaking at the launch of Sahara Turner Construction Limited, 'Saharasri' Subrata Roy Sahara (top right photo) Managing Worker & Chairman, Sahara India Pariwar, said, "It gives me great pleasure to announce the launch of Sahara Turner Construction Limited.

“ This joint venture is the coming together of people who believe in providing the best available international quality and technology to India. I am sure that this venture will offer the most effective solutions and services to the Indian real estate and infrastructure sector."

Mr. Anant Jain, Managing Partner, Acropolis Capital Group, also commented, "This association is of great significance, and will help in making the Indian infrastructure and Housing projects more effective in cost, time and quality."

Contact:  Elizabeth Straus, 212-229-6283

Web Site: http://www.turnerconstruction.com