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Reliance to partner with US Vornado

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Rising sign of Indian economy is making most of the foreign investor to try their tips in collaboration with the local giants. According to a recent source of www.propertykhazana.com hit brand of the country Reliance Industries is partnering with an US top list Vornado for their new ventures at Indian growing market. Reliance group of Mukesh Ambani is currently making all the official formalities for the mega partnership with in a very short time. Reliance industries are making their influence in many fields including real estates. It is also country’s one of the largest public business organization. It records revenue of $34 billion with the market capitalization worth with $75 billion. On the other hand Vornado is also a known name in US realty business. It has its major influence at the locations of New York and Washington, DC along with the other metro areas.
Currently Mukesh Ambani’s Reliance is functioning more than 700 retail strores around the nation. Sources of www.propertykhazana.com also reveals that the partnership will be committed with 50 – 50 fractions in their coming ventures. A whooping amount of $500 million is supposed to get into the market collectively by both the teams. Under the keen interest of duo both is committed to make up to $250 million each for various purposes of acquires, development and operate across the selected cities of the country. If everything works fine than it will be crowned as one of the biggest partnership in Indian business till date.
Source: NBTVLIVE

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