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City Group errands the Indian Realty Segment with investment of USD 400 Million

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The Realty giant City Group is on plans of expansion and in this regard the company is willing to invest about USD 600 Million in China and USD 400 Million in India. The funds thus raised are intended to develop hospitality, IT parks and housing projects in both the countries.
The shares were closed @ USD 1.29 Billion on Asia opportunities fund and the City Group has intended about 40% into the realty ventures which are on progress.
It is reported by the sources at the www.propertykhazana.com that there is a good flow of investments in the Indian realty market and irrespective of projects and companies the sector is majorly benefited out of this.
The available sources at the www.propertykhazana.com also says that the City Group is associated with many Indian real estate companies and firstly to be told is about the Bangalore based Nitesh Estates and the city group is willing to accomplish a luxury hospitality project with a whooping investment of about USD 100 Million in Bangalore. Similarly, the company is on talks with the Pune based Gera Developers to develop USD 125 Million housing venture in Pune. The City Group is also willing to develop Service Apartments in Bangalore and Noida joining hands with the US based Portman Holdings and HDFC.
Source: NIMMA BENGALURU

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