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QVC Real Estate to undertake development of projects worth Rs. 3000 crores

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As per to the sources saying @ the www.propertykhazana.com, QVC Real Estate is planning to set-up 6 ventures in India and some of the ventures are coming up at lavish sectors absorbing Rs. 2,500-3,000 Crores investment and all the projects are expected to be ready by 2013, QVC Real Estate will work on 12 markets which comprises Mumbai, NCR, Bengaluru, Chennai, Pune, Delhi and Hyderabad along with top Tier II cities. QVC’s first venture was developed near Bengaluru – QVC Hills with investment of Rs. 400 Crores. Phase I will be having 100 lavish villas, extended in 26 acres. To undertake the proposed developments QVC is required with 75 acres and feedback customary of Phase I offerings may absorb additional land.
CEO and Founder of QVC Real Estate said to www.propertykhazana.com that, “QVC managed to raise USD 100 Million through PE from IL&FS Investment Managers Ltd. in the recent times and may boost up an additional USD 100 Million to fund its new ventures. We either approach IL&FS or might think for other alternative choices to fund our ventures and we are in search for three to four PE contracts and wishing to close them this year end”, he added. QVC Realty is also planning to join hands with Uppal Group and Sobha Developers to set-up two integrated townships in Gurgaon. For latest property updates follow us @ www.propertykhazana.com.
Source: NBTVLIVE

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