Real estate company Pegasus Realty plans to invest over Dhs550 million (US$150.4 million) across India through joint ventures.
"We have earmarked $150 million for the realty sector in Pune, Hyderabad, Chennai and Coimbatore. We are holding talks with a Netherlands-based venture capitalist who has $US200 million for investments in the hospitality sector in India," Pegasus Realty Chairman Imitiaz Panjwani was quoted as saying by the Gulf Today.
The company's plans include malls and townships, as well as hotels and resorts, plus apartment complexes around Chennai in satellite towns.
Source : Antara news
Tuesday, October 03, 2006
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