UK based Reit Asset Management is planning to invest $500 million in indian real estate market over next three years. Reit Asset Management has become the FDI partner of Eden City in south Kolkata with Eden Group. Eden City is the biggest projects of South Kolkata.
The company started to invest in India real estate market in 2005 after the permission of FDI in real estate sector. It has already invested $50 million in three projects.
Currently the company is working on two projects in Pune and one in Kolkata with local partners.
On the occasion of launching of Eden City project the director of Reit India pointed out the investmet figure and gives sign of making more investment in real estate projects in India with local firms and organizations.
Saturday, November 3, 2007
FDI in indian real estate market by UK firm
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