The real estate developers from India and UAE are attracted by each other with the boom in Real Estate India. Both of them are seeking to grow their business in each other country.
Nahar Group and Sheth Estate Ltd from India are investing in the Dubai real estate where as Sternon Group from Dubai is interested in real estate india. Sheth Estate has invested 1.5 billion dirhams into its first two ventures - Iris Blue and Iris Bay which is a residential towers located with in Dubai Marina. Iris' General Manager Vimal Agrawal said, “Construction is scheduled for completion in December, and today the 23rd floor is completed, which means we are ahead of time. Now 90 per cent (125 units) of the tower has already been sold to investors and end-users.”
The Mumbai’s leading real estate develop, Nahar Group has opened its office in Dubai to attaract the NRIs based in Hong Kong, United Kingdom and United in Nahar's Amrit Shakti project near Powai in Mumbai.
Dubai-based real estate firm Sternon , who has developed properties in the US and UK ,has invested Rs 1,200 crore in mumbai’s real estate market in mega-project on the Mumbai-Pune Express Highway near the proposed New Mumbai International Airport in Panvel which has customers in 28 countries. Sternon has tied up with Garnet Construction Ltd for the overseas marketing of the project.
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