With growth of population in India the real estate market is also speeding up with a parallel mode to maintain the allotment of housing units for each home needy. Along with the rise of various realty firms with in the nation there are also some from the outside the country who is also keen to show their skill at the construction business. One of them is the Ascott international. With its base in Singapore the core team of the international firm already has seven possessions in India where two of them are in ready mode and rest are at full fledge of its construction at various positions. But according to the sources available with www.propertykhazana.com now this Singapore firm is planning to double its existence across the country by 2015 that can go up to the worth of USD 250 million.
Sources available here also reveal that they were looking for their business existence in India for last four years taking account of its fast forwarding real estate market. Till date they have around 1400 units with in their seven possessions across the nation they are planning to increase it up to 4000 units by the end of 2015. The company is also maintaining a relation ship with the various property owners who are not willing to sell their belongings but can be negotiated with better options. The international realty firm already has many operational feedbacks at the major cities of India like Citadin Richmond Hotel in Bangalore, Somerset Serviced Residence in Chennai and many others at various posh locations. As per the sources of www.propertykhazana.com it was also found that the top is targeting at the market that can exert a pull on a massive FDI which is at a growing speed in India.
Source: NIMMA BENGALURU
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