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Business Economy


Panchshil Realty Honoured With a Safety Oscar for its SEZ in Pune

EON Free Zone-1, A Special Economic Zone (SEZ) Conferred The Highest Health & Safety Accolade Placing It Among The Best Performing Companies Worldwide
PUNE, India, Dec. 16, 2019 /PRNewswire/ -- Panchshil Realty, one of India's leading real estate developers with a sizeable commercial office portfolio, today announced that EON Free Zone-1, a SEZ promoted by its Group affiliate EON Kharadi Infrastructure Pvt. Ltd., has been conferred the prestigious Sword of Honour by the British Safety Council in recognition of its exemplary standards in management of health and safety risks.
Located in Pune's eastern corridor of Kharadi, the 4.5 million square feet EON Free Zone-1 is the fulcrum of the bustling IT district and is itself home to many global and Indian corporate giants operating in the IT and ITeS space.
Commenting on this recognition and accolade, Atul Chordia, Chairman, Panchshil Realty said, "This milestone and achievement would not have been possible without the unrelenting commitment, hard work and dedication of the teams involved including our associates and employees. This is a fantastic achievement and a recognition of Panchshil's commitment to excellence in workplace health & safety."
Panchshil Realty plans to audit another 3.5 million square feet of its commercial office space comprising four sites via the Five Star Audit process soon and work towards certification and eligibility for the Sword of Honour for these four sites too.
At the awards ceremony held in London, Mike Robinson, Chief Executive of the British Safety Council, said, "The Sword of Honour and Globe of Honour awards are the most prestigious accolades in our industry. They recognise and reward the organisations from all over the world that have reached the pinnacle of health and safety."
"I feel very privileged to celebrate with them their truly tremendous achievements in the knowledge that they set the standards for the rest of the world in terms of health, safety and environmental management, and increasingly also workplace wellbeing. Importantly, they are committed to continual improvement of their already excellent record," he added.
Panchshil's Businesses – Key Highlights
Panchshil Realty's total completed real estate portfolio is around 23 million square feet with another 20 million square feet under development.Panchshil Realty's three main business verticals comprise commercial office spaces, hospitality and residential.A significant chunk of Panchshil Realty's office portfolio is anchored by Blackstone Real Estate Private Equity Fund, sponsored and managed by Blackstone Group LP.About Panchshil Realty
Established in 2002, Panchshil Realty is one of India's finest luxury real estate brands. Renowned for leadership and excellence in real estate development, the Group's approach is focused on planned development, creating value assets, and crafting lifestyle experiences through design and architecture. For more information, please visit www.panchshil.com
(Disclaimer--Features may vary depending on the regions; subject to change without notice.)

Logo: https://mma.prnewswire.com/media/1042836/Panchshil_Realty_Logo.jpg
Photo: https://mma.prnewswire.com/media/1044789/Atul_Chordia_Sword_of_Honour.jpg
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