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US based Starwood Capital invests USD 500 million

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The realty reports claimed at the www.propertykhazana.com said that, the Starwood Capital Group LLC was ambitious in investing in India during 2006 and the said investment was about USD 500 Million in equity shares and the sources said that the company was not that attracted by the realty boom and was very cautious in each and every stage. Further the company had an intention to grow along with the local partners and made a clear announcement that, any company willing to expand its business to the overseas markets is welcome. Here the Starwood Capital Group LLC had planned for mutual growth and taught of assigning a company to play the responsible role for the investments made by them in India, thus getting the mutual purposes served.
The Chairman and the CEO Barry S Sternlitch was very intellectual in his move and never trusted the booming realty and predicted that there will be a downfall. Whatever, finally the Company opted the tier 2 cities to implement the projects on joint venture basis and gave much importance for the hospitality projects. Further speaking at the conference Starwood Capital Group CEO said that the group is ready to team up with the Indian Companies which are aiming the international markets and also invited for the proposals for the hospitality projects at the conference held in Mumbai.
Barry. S. Sternlitch was well prepared for the group identification and aimed at the Tier 2 cities and said in an interview that their priority is for the Secondary cities and will step in the prime cities after the successful implementations in the Tier 2 cities only.
Source: NIMMA BENGALURU

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