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Sun partnership with Barwa

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After making few modifications in the foreign investment scenario, a long tail of overseas investors are waiting for the turn in Indian realty despite it is running cool these days. According to the sources of www.propertykhazana.com Barwa Real Estate group from Qatar will be partnering with Indian Sun Group for a joint venture of 50 -50 at the cooling realty circuit of the country.
The Indian Sun group is basically based on the raising of funds mainly handled by the Khemka family. This private equity firm has influenced their business at many overseas locations including neighboring Russia. And on the other hand Qatar based Barwa Group is a specialized unit in real estate and infrastructural development at many parts of the world. More over it also has strong network of investment as added by Chairman of Sun.
The duo is planning to acquire and develop land at the major cities across the nation as stated by the company’s top officials. As per the sources of www.propertykhazana.com the partnership has even succeeded to clear the approval from the Foreign Investment Board of India for all these purpose of aggregate, acquire, hold and develop at the country’s land cache. Earlier Sun has collaborated with Apollo raising a sum of $635 million for a ‘’Sun – Apollo” project in the country. For more realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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