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Canada settled billionaire Dhillon to enter Indian realty circuit

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Bob Dhillon a Canada based Indian billionaire is all set to make his moves for the realty stand on his homeland. Settled in Canada Dhillon has nearly 6000 rental assets across Canada and is now keen to step on the potentiality of India’s real estate segment as per the reports available with www.propertykhazana.com. Currently he also went on a discussion with the chief minister of Haryanana – Bhupinder Singh Hooda citing his future plans on the state. Notably, Hooda has also agreed for his part of assistance to Dhillon for his upcoming projects in the country especially in Haryana.
A further talk was also held on this issue headed by Canadian Prime Minister and with its delegates with the Indian Prime Minister Manmohan Singh and deputy chairman of planning commission. On a short note with www.propertykhazana.com NRI Dhillon states that “North American market is quite interested at the potentiality of India’s realty segment and hence there will be a series of investment here at least with one billion dollar for next three years”.
Coming to the investment strategy of Dhillon’s Mainstreet Company, the unit will raise funds with the help of institutional capital from Canada and some other influential parts of the company. Dhillon further states that “as a first step we will first initiate with a dealing of a distressed property and entity level JV with an Indian unit and we have already led hunt for such profiles and will continue further soon”. For more updates refer www.propertykhazana.com.
Source: NBTVLIVE

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