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Retail sector is behind the realty boom

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According to the sources available to www.propertykhazana.com, some potential investors across the world are slobbering above the IPM potential from many years. Companies are converting the cash on prospects from the entire slant and are targeting on the same goal, they are proposing to create realty as a division of their core processes. Subhas Pramanik MD of GOCL speaking to the www.propertykhazana.com said that, “Gulf Oil is one of the 7 oil tycoons and a main universal oil company and it has proclaimed its proposal to place in Indian Realty. Company had set to branch out into real estate to open the potential of the real estate properties.” Company has planned to invest in development of knowledge parks and the unique design vehicles for the growth of infrastructure.
Next is the Shree Pre Coastal Steel looking at the development growth from the realty and in recent times it had proclaimed that it will get the hold of 35% of Jolly Brothers, this company has the rights to rent the property of 66 acres which is in Kanjurmarg in Central Mumbai. Actually, said by the sources to the www.propertykhazana.com there was a big list of companies that capitulated from current realty success and Wind energy company BF Utilities is among the listed companies and even Ceramic Tile Maker Anant Raj Industries is also included. Amit Sarin Director of Anant Raj Industries said that Realty has done 85% of the company’s proceeds in Q2 and company grabs 800 acres of property. Retail market has thought to grab the route of success in realty and it is expecting to increase up to $35 Billion by 2010 from the present $7 Billion.
Source: NIMMA BENGALURU

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