Royal Indian Raj International Corporation

Royal Indian Raj International Corporation

April 03, 2007 09:01 ET

Royal Indian Raj International Corporation Assumes Lead Sponsorhip Role for the Urban Land Institute of America's 2007 World Cities Forum in Shanghai in Conjunction With the World Bank

VANCOUVER, BRITISH COLUMBIA and WASHINGTON, DISTRICT OF COLUMBIA--(CCNMatthews - April 3, 2007) - The Royal Indian Raj International Corporation today announced that it has taken on the role as lead sponsor for the Urban Land Institute of America's 2007 World Cities Forum to be held on 17-19 April 2007 in Shanghai. The ULI-Urban Land Institute will convene 150 senior leaders of the property development and finance industry to explore the risks of, and rewards for, doing business in India, China and throughout Asia's emerging markets. This exclusive gathering of top executives from global real estate companies will take its attendees behind-the-scenes for the straight story on development and investment opportunities in one of the world's fastest growing markets.

"ULI's World Cities Forum brings together leading executives from around the world in the fields of real estate, land use, and public policy for a vibrant examination and discussion of the issues that will affect the development and design of the great places of tomorrow. With Shanghai serving as the host city, the program content for this year's World Cities Forum has been created to deliver insights into the opportunities for conducting business in China and throughout Asia."

David Howard, EVP -Membership & Development Urban Land Institute

"RIRIC's participation in the World Cities Forum represents an exceptional setting where select leaders in the real estate and land use market place world-wide can meet and join in the building of eco-friendly and technologically advanced cities and communities of the future. This forum provides an outstanding platform where solutions, ideas and opportunities can be exchanged in pursuit of excellence in the provision and design of human communities world wide. We are proud to be associated with this and other venues encouraging excellence in building."

Manoj C. Benjamin, Chairman- Royal Indian Raj International Corporation.

About the Urban Land Institute

The Urban Land Institute is a nonprofit education and research institute supported by its members. Its mission is to provide responsible leadership in the use of land in order to enhance the total environment. Each year, the Institute honors an extraordinary community builder through the Urban Land Institute J.C. Nichols Prize for Visionaries in Urban Development. Established in 1936, the Institute has more than 30,000 members representing all aspects of land use and development disciplines.

For more information on the Urban Land Institute

About Royal Indian Raj International Corporation

Royal Indian Raj International Corporation, (RIRIC), incorporated in Nevada, USA, in March 1999 with offices in Vancouver, London, and Bangalore, India, maintains a country-specific, 5-sector heavy infrastructure orientation, focused on the free world's largest emerging market, India. The company's goal is to develop the New India by modernizing housing and businesses and realizing self-sustaining cities of the future. RIRIC implements leading-edge technologies and products in strategic alliance with world-class international corporations. Partnered with these international leaders in their respective fields, RIRIC is focused on five of India's priority infrastructure sectors using a vertically integrated business strategy: Urban Infrastructure & Housing, Road Building & Recycling, Broadband Communications & IT Networks, eCommerce/IT & Education Applications, and Broadcast Content, Entertainment & Theme Parks.

RIRIC's proposed city projects, Royal Garden City - Bangalore, and the Royal Garden Marina City and Financial Harbor - Mumbai, are the first of six cities planned by the company. RGC Bangalore is a proposed 3,000 acre sub-city development situated between downtown Bangalore and the new Bangalore International Airport. The estimated USD $8.97 billion integrated Live/Work/Play development will feature over 146.36 Million Sq. Ft. of residential, commercial and industrial space to accommodate the burgeoning Bangalore market and has been planned and designed by the former Singapore Public Works Dept. The project is fifteen times the size of Canary Wharf in London, England.

RIRIC's Royal Garden Marina City and Financial Harbor, will cover an area of 5,000 acres, and is to be situated 16 nautical miles from the Gateway of India in downtown, Mumbai. It is estimated to be Asia's largest real estate development and India's first smart city, with over 100 million square feet of high-tech retail, medical, education and housing facilities. The project comprises over 50,000 residential units, a central business district, industrial district, entertainment district, parks, restaurants, shopping, educational facilities and civic amenities. An estimated 400,000 to 600,000 people are expected to live, work and play within the city daily.

Royal Indian Raj International Corporation (RIRIC) is currently selling Phase I of its inaugural Royal Garden Villas & Resorts project in Bangalore. Phase II and III will hitting the markets in Q4 of 2007 as will its Royal Garden Villas and Resorts Hyderabad development situated on 450 acres near the new Hyderabad International Airport. RIRIC will also be launching its Royal Garden Villas and Resorts brand in Mumbai, Goa, Delhi, Chennai and Pune over the next 24 months.

DISCLAIMER: Certain information included herein and in other company reports, Securities and Exchange Commission filings, statements and presentations is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the company's anticipated operating results, financial resources, ability to acquire land, ability to sell homes and properties, ability to deliver homes from backlog, ability to secure materials and subcontractors. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other company reports, filings, statements and presentations. These risks and uncertainties include RIRIC's ability to compete in real estate markets where we conduct business; the availability and cost of land in desirable areas in India and elsewhere and our ability to expand successfully into those areas; RIRIC's ability to obtain necessary permits and approvals for the development of its lands; the availability of capital to RIRIC and our ability to effect growth strategies successfully; RIRIC's ability to pay principal and interest on its current and future debts; RIRIC's ability to maintain or increase historical revenues and profit margins; availability of labor and materials and material increases in labor and material costs; increases in interest rates and availability of mortgage financing; the level of consumer confidence; adverse legislation or regulations; unanticipated litigation or legal proceedings; natural disasters; and changes in general economic, real estate and business conditions. If one or more of the assumptions underlying our forward-looking statements proves incorrect, then the company's actual results, performance or achievements could differ materially from those expressed in, or implied by the forward-looking statements contained in this report. Therefore, we caution you not to place undue reliance on our forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This statement is provided as permitted by the Private Securities Litigation Reform Act of 1995.

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