Tuesday, April 15, 2008

indian realtors goes global

Simultaneously, many Indian realtors are making a name for themselves in the international market through significant investments in foreign markets.
  • Prudential Real Estate Investors has acquired Round Hill Capital Partners Kabushiki Kaisha, a Japanese asset management firm.
  • Embassy Group has inked a deal with the Serbian government to construct a US$ 600 million IT park in Serbia.
  • Parsvnath Developers has tied up with the Al-Hasan Group in Oman.
  • Puravankara Group is doing a project in Sri Lanka - a high-end residential complex, comprising 100 villas.
  • The Hiranandanis are constructing 5000 5-star hotel rooms, which will come up between Abu Dhabi and Dubai.
  • Ansals API tied up with Malaysia's UEM Group to form a joint venture company, Ansal API-UEM Contracts Pvt Ltd, which plans to bid for government projects in Malaysia.
  • Kolkata's South City Projects is working on two projects in Dubai.

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