ISB Establishes a Research Chair in Real Estate and Urban Studies

ISB Establishes a Research Chair in Real Estate and Urban Studies
Gets a Grant of US$ 550,000 for the Chair

Hyderabad, May 9, 2006: The Indian School of Business today signed an MoU with Indu Projects Ltd., a Hyderabad-based real estate company, to establish a Research Chair for 'Real Estate and Urban Studies'. This is the first Research Chair being established by the ISB. Indu Projects Ltd. is making a grant of US $550,000 spread over a period of five years.

The Chair will function under the Wadhwani Centre for Entrepreneurial Development (WCED) at the ISB.

Speaking on the occasion, Prof. M. Rammohan Rao, Dean, ISB, said, "This Research Chair is of great significance to us, as it is not only the first Research Chair to be instituted at the ISB, it is also the first Chair in Real Estate and Urban Studies in India."

Indu Projects Ltd. is a Hyderabad-based, diversified company, on a fast-track growth path more than doubling its businesses year after year. It has a core competency in building, developing and promoting IT Parks, Integrated Townships, Urban Residential Complexes, Theme parks, and also in the area of building core infrastructure. Indu also specializes in offering knowledge-based end-to-end solutions in the retail infrastructure development. What distinguishes the company is the primacy it accords to thought, knowledge and innovation.

Signing of the MoU - Prof. M. Rammohan Rao, Dean, ISB with Mr. Syam Prasad Reddy, MD & CEO, Indu Projects Ltd.

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Contributed by -
Ms. Bhuvana Ramalingam,
Director - Communications,
Indian School of Business, Hyderabad.

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