Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year.
MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas.
The company also announced the launch of Spire Edge, an IT Park in Manesar near the national capital. Spire Edge is a 50:50 joint venture between MSL and A N Buildwell and the project is expected completion in next three years. Bhalla said that the company would invest $20 million in Spire Edge project in which, money might be raised from overseas apart from promoters’ investments, said the report.
Bhalla also said that the company foresees an investment of $1 billion investment in the next four years in the real estate sector and would build university-based townships. He further added that the company is in talks with various state governments as it wants to set up projects in public-private-partnership mode including setting up of university based township projects, added the report.
-
PropertyWala.com
-
Latest Properties- 2 Bedroom Apartment / Flat for sale in Uttam Nagar, New Delhi
- 4 Bedroom Apartment / Flat for rent in RMV Stage II, Bangalore
- 3 Bedroom Apartment / Flat for sale in New Manglapuri, New Delhi
- 2 Bedroom Independent House for rent in Rathi Nagar, Amravati
- 3 Bedroom Apartment / Flat for sale in Bandra West, Mumbai
- Residential Plot / Land for sale in Yelahanka, Bangalore
- 3 Bedroom Apartment / Flat for rent in Andheri East, Mumbai
- 4 Bedroom Apartment / Flat for sale in East Of Kailash, New Delhi
- 2 Bedroom Apartment / Flat for sale in Electronic City, Bangalore
- 2 Bedroom Apartment / Flat for rent in Mulund East, Mumbai
One Comment
India is beginning to make news worldwide. It’s just the right time to think India. There’s a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.For more view- realtydigest.blogspot.com