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Sistema pours USD 200 million in Indian Realty

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According to the sources available with www.propertykhazana.com, Russian company Sistema has proclaimed proposals to invest $100-$200 Million in developing hotels, offices and housing complexes in main cities of India. The disclosure came after when the company decided to invest USD 5 Billion in the country’s telecom segment earlier.
Sistema has finalized an agreement with India Shyam Group which has deprived 51% share in its telecom project in goodwill of Sistema. Sistema and Shyam is a JV and will be developing 22 acres land in Gurgaon on the border of Delhi. The project is sistema’s first undertaking in the construction and realty market outer Russia and Ukraine. For more realty updates browse www.propertykhazana.com.
Source: NBTVLIVE

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