Nirmal Lifestyle enters agreement with Discovery to introduce green

Nirmal Lifestyle enters into an agreement with Discovery to introduce green and healthier living in India
Nirmal Lifestyle Limited enters into a first of its kind licensing pact with Discovery Channel
To launch Discovery branded Eco friendly realty in India.
Common goals of bringing in ‘Greenovation’ to India and promoting a healthier lifestyle

Mumbai May 31st, 2010:- Nirmal Lifestyle Ltd., India’s leading Real Estate Company, today entered into an exclusive licensing agreement with Discovery Enterprises International (DEI) – a division of Discovery Communications, the world’s number one non-fiction media company. The tie-up between Nirmal Lifestyle and Discovery will manifest itself in the form of well appointed “Green” offices, residential spaces and clubs which will provide Lifestyle, Entertainment & Education inspired from the tenets of the Discovery Channel.
As per this unique arrangement that is exclusive to India, Nirmal Lifestyle Limited will develop Discovery-branded residential apartments, offices spaces and lifestyle clubs that will focus on providing residents a complete and fulfilling life through innovations which will create benchmarks in development, never before seen in the real estate sector.
Speaking at this momentous occasion Mr. Dharmesh Jain, Chairman and Managing Director, Nirmal Lifestyle Ltd. said, “Our aim is to introduce the aspects of healthier living, cleaner & greener homes and environment, so that we and our children get to live in complete harmony with nature. Through our tie-up we will seek to integrate the Discovery experience in the 20 Lifestyle cities we have planned by 2020 as also in our other future projects.”
Commenting on the partnership, Nicolas Bonard, Senior Vice President, Discovery Enterprises International said “Green is a natural extension of Discovery’s mission and brand, and something we feel strongly is part of Discovery’s brand entitlement. We champion the visionaries who move our world forward in small and large ways and we found these values in Nirmal Lifestyle. This partnership will lend the Discovery brand to new initiatives in India that will encourage green-ovation – and a healthier lifestyle – to a growing population of consumers who care about the world around them.”
Under the agreement Nirmal Lifestyle will have exclusive use of the Discovery brand for the Indian market over the next 10 years. All projects under the Nirmal Lifestyle – Discovery tie-up will be green initiatives which will be Discovery certified.

About Nirmal Lifestyle:
Nirmal Lifestyle Ltd., one of India’s leading Real Estate and Lifestyle brands with development potential of over 150 million sq. ft. of housing & commercial development. While building and construction has been the core activity of the company, quality and innovation has by far been the soul of all its projects.
The company’s vision has been to promote healthy, complete & fuller lifestyles; something they have pursued with unmatched passion, the tie-up with US Open to create tennis lifestyles for residents is a result of this innovation. The open mall concept at Mulund has been the crowning glory defying all myths and being voted as “Mumbai’s Favorite Mall” twice in surveys done by popular news dailies. The glass dome is the largest in the South East Asia, hence is one of the most beautiful features of the mall. The company is also developing one of India’s largest hotel complexes aggregating more than1000 rooms in Mulund, Mumbai.
Nirmal Lifestyle has been instrumental in promoting Mulund as a preferred destination for both residential and commercial spaces. The company was founded in the year 1975, by Late Mr. S. P. Jain a leading name. His foresightedness and vision laid a strong foundation in the early days of the company.

About Discovery Enterprises International
Discovery Enterprises International focuses on maximizing sales opportunities with international third-party broadcasters and licensees by streamlining access to Discovery’s worldwide brands and content. The Enterprises team partners with local clients through regional offices in London, Miami, Munich, Sao Paulo, Singapore, Sydney and Discovery’s global headquarters in Silver Spring, Maryland, to analyze international markets in order to break down the programming needs of individual broadcasters within each territory.

About Discovery Communications

Discovery Communications (NASDAQ: DISCA, DISCB, DISCK) is the world’s number one nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 180 countries. Discovery empowers people to explore their world and satisfy their curiosity through 100-plus worldwide networks, led by Discovery Channel, Animal Planet, Discovery Science and Discovery HD, as well as leading consumer and educational products and services, and a diversified portfolio of digital media services including HowStuffWorks.com. In Asia-Pacific, seven Discovery brands reach 462 million cumulative subscribers in 32 countries with programming customized in 11 languages.





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One thought on “Nirmal Lifestyle enters agreement with Discovery to introduce green

  1. I am a investor in real estate and have a plan to place some investments in Mulund area with a project of NIRMAL LIFESTYLES LTD, however I have learnt from some of my investor friends that a Criminal Case has been registered against NIRMAL LIFESTYLES LTD with the Mulund Police Station and the Directors are expected to be arrested shortly

    I request you to kindly let me know the repercussions of such arrest on property prices of their projects

    Manann

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