India's buoyant economy and the growing demand for quality residential and commercial space have motivated BLK to venture into development. SoulSpace Projects Limited, a BLK subsidiary will selectively develop distinctive and value-added residential and commercial real estate.

BLK's first development will be launched in March 2006. Developed in association with the widely acclaimed Akme Projects Limited, Akme SoulSpace at Pune will offer row houses and luxury apartments in the Spanish style of architecture with complete modern amenities.