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Emaar to invest $150m in 3 Indian projects
- United Arab Emirates: Wednesday, July 16 - 2008 at 07:51
Emaar plans to invest $150m for a 20 to 25% stake each in three real estate developments in India, reported Gulf News. Emaar and MGF Developments of India set up a joint venture in 2005 called Emaar MGF, which currently holds India's largest foreign direct investment in real estate through projects with a combined development value of $1bn. Emaar is now looking to pick three separate special purpose vehicles which will then develop two retail properties and one office property in Gurgaon and Mohali.
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Jeff Florian, Senior ReporterWednesday, July 16 - 2008 at 07:51 UAE local time (GMT+4)
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