Indian and United Arab Emirates firms signed major real estate deals on Monday worth more than $20 billion during a visit by the ruler of Dubai, including plans to build two massive townships in India.
Largest Indian real estate developer DLF said it inked a $20 billion deal with UAE’s Al Nakheel to build two townships in India, with an initial investment of five billion dollars each in the next three years.
A 50:50 joint venture has been signed by the two; DLF and Al Nakheel to develop integrated townships. Construction will begin by the end of 2007, As per an official.
Source: thenews.com
India, UAE companies sign major real estate deals
Posted by Jack Macferson | 1:10 AM | Real-Estate-Investments | 0 comments »
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