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Arab Companies eyeing the flourishing Indian Realty Sector

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The booming Indian realty sector has turned to be the hot destination for the overseas investors and companies and as reported by the sources at the www.propertykhazana.com UAE companies and individual investors are now at the end of the toe to encash the ongoing boom.
UAE based Rakeen, a venture development company said to the sources that they are tied with Indian origin Trimex Group to take up integrated township ventures all over India. Speaking on the same at the www.propertykhazana.com Mr. Koneru Prasad the MD of Chennai based Trimex Group said that they will invest around USD 5 Billion in the coming 5 years. Further more DLF and Nakheel working on a JV proposed to invest USD 10 Billion on 2 Township projects coming up in over 40,000 acres land. Similarly, Emaar with its Indian partner MGF has 40% share in the JV’s.
Commenting the ongoing scenario of JV’s, experts said at the www.propertykhazana.com it is imprudent that Indian companies looking at overseas for investments and all these days, it is only the Indian companies contribution for the realty development and the foreign companies are only eyeing at the profits. Even now, if the famed builders and developers implement the projects accordingly, then there is now requirement of any foreign player to work in India.
Source: NBTVLIVE

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