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Jai Corp Ltd to heave Rs 40,000 crore in Real Estate Sector

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As per the sources available to www.propertykhazana.com, Mumbai based company Jai Corp Ltd., is planning to start a project capital comprising the investment of Rs. 40,000 Crores through its totally possessed supplementary, Urban Infrastructure Venture Capital Ltd. Already company has made a high investments cost of Rs. 22,000 in 12 prominent cities in India. UIVCPL is an Indian consultant to Urban Infrastructure real Estate Fund (UIREF) a Mauritius based offshore fund which is having investment interest in Indian realty. Peeling light on the report of Jai Corp, it is making as the main supplier in the development of SEZ in addition to Reliance Industries Ltd., already company is thinking to come up as one of the biggest SEZ in the country.
According to the sources available to www.propertykhazana.com, other SEZ ventures are funded by Jai Corp comprising two multi products SEZ situated in nearness to Mumbai – Navi Mumbai SEZ (NMSEZ) and Mumbai SEZ (MSEZ). These ventures have being developed as the most elite business centers and the first priority is for trade, commerce, and industry, service and for tourism in India. About NMSEZ, venture will be product of JV among the City and Industrial Development Corporation (CIDCO) of Maharashtra which has 26% as RIL has the rest with Jai Corp. The total SEZ locality, 15% will be utilized for housing purpose as leftover 85% will supply commercial purposes. As per to the guess, both SEZs will be developed with an investment of $5.4 Billion. For more details logon to www.propertykhazana.com.
Source: NBTVLIVE

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