Tag Archives: Middle Class

Khaleeji raises $164m for India venture

May 22, 2008 – 7:04 am

Khaleeji Commercial Bank has collected $163.5 million of equity from investors across GCC for Danat India Investment Company.
Danat will invest in a real estate development project near New Delhi, targeted at the expanding middle class of India.
India, presently one of the foremost rising markets is predicted to be the world’s 3rd biggest economy by 2050, [...]

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Low-Cost Housing For Every Middle-Class In Metro

February 1, 2008 – 1:39 am

Year 2008 has some excellent news in store for private developers and middle-income home buyers. For, minister of state for urban development Ajay Maken has freshly started the procedure of providing ground to private developers in Delhi with 40% floor space index (FSI) for developing low-cost housing.
“With this move, private developers can use surplus land [...]

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