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Sunday, June 3, 2007

Emaar to invest billions in India

Emaar Properties in collaboration with MGF Developments is planning to invest in India more than $12 billion over the next four to five years.

Out of the total investment $3bn-4bn will be invested from foreign direct investment.

The alliance will make investments to bring real estate to global standards in residential, hospitality, commercial and retail properties, education, healthcare, information technology parks and special economic zones across the country.

The Indian government is expecting to attract $30bn in foreign direct investment in the 2007/08 financial year and the property sector will draw more than $3bn.

The increasing demand of shopping malls ,houses and offices doubled the property prices in India in last two years .

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