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Fishman Holdings pours USD 1 Billion in Ludhiana

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As per the sources available with www.propertykhazana.com, India is appearing to be the smoldering investment target for all the countries and the booming Indian realty segment is drawing a lot of investment from aboard. As per the said source at the www.propertykhazana.com Israeli realty firm Fishman Holdings is proposing to invest $1 Billion in Ludhiana and the new investment proposal in India near to one more venture which boarded upon previous month in Jaipur to construct a township at the cost of $2 Billion. Fishman Holdings’ Indian Realty development ancillary, Mondon Investments Ltd. as signed a MoU to procure a 300 acre plot in Ludhiana for $84 Million. Mondon is proposing a 2.3 Million Sq.Mtrs housing and commercial venture on the site, thinking that the whole lot is been acquired and on the total cost expected at about $1 Billion which comprises property also.
According to the sources available to www.propertykhazana.com, property was acquired for $280,000 per acre with Mondon getting a contract with the seller that if the dimension of the plot drops under 300 acres given that it is not less than 100 acres on the rate will be decreased to $238,000 per acres. This is not Fisherman Holdings initial development venture in India and the firm has now taken a number of development ventures comprising housing and commercial ventures in New Delhi, Thane, Hyderabad and one more venture in Ludhiana.

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