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JP Morgan pours Rs 400 Crores in Indian Real Estate

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As per the sources available to the www.propertykhazana.com, JP Morgan Property Fund has already invested for more than USD 300 Million to shape out a large place in Indian realty and is shortly to arise with the housing venture in Chennai with the investment of Rs. 400 Crores. Arihant Foundations and Housing Ltd. (AFHL), Chennai’s most important developer of outstanding constructions and is developing the housing land on high scale in 45 acres of property. This company is taking up the venture on a JV basis with JP Morgan.
It is reported at the www.propertykhazana.com that JP Morgan has signed a 50:50 Joint Venture with AFHL and this important international fiscal company is targeting the main economic hubs in India to develop realty ventures along with the domestic associates.
The list comprises Mumbai, Chennai, Kolkata, Bangalore, New Delhi and Hyderabad between other main and forthcoming cities. JP Morgan Asset Management, the Investment limb of JP Morgan Chase had proclaimed that the investment of USD 360 Million from institutional and high net worth investors (HNIs) from US, Asia, Europe and from Middle East are making the investments in flourishing land market in India.

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