Mumbai, Maharashtra -- (SBWIRE) -- 04/20/2010 -- India’s premier Development Management Firm, Projectwell Management Pvt Ltd, has signed a Memorandum of Understanding (“MOU”) with Honeycomb Construction Systems. Honeycomb, a new entity in the field of real estate in India, promises to be India’s first real “homebuilder”. Honeycomb’s current projects are around the NCR and the organization is committed to bring in substantial changes in the way structures are constructed and the way structures are operated in India. The organization also promises to develop homes which are sensitive to the environment.

“The MOU allows Projectwell to provide Honeycomb with technology, systems and processes support for Honeycomb’s upcoming projects”, said Parthajeet Sarma, Director, Projectwell Management Pvt Ltd. Sarma also said that Honeycomb found synergy in Projectwell’s commitment to developing sustainable communities. Such communities are not only easy on the planet earth, but are also easier and economical to maintain. Projectwell is currently involved in such sustainable developments across India.

Projectwell started the concept of Development Management in India, and offers “client rep” solutions for the entire life cycle of real estate projects. It is a focused consulting agency comprising of Researchers, Analysts, Engineers and Architects. Projectwell also offers fund monitoring services to Private Equity Funds which have investments in Real Estate in India.

For more details, one can contact on http://www.projectwell.com