| May 15, 2007 | |
Deyaar, the fastest growing construction company in Dubai, has recently signed a Memorandum of Understanding (MoU) with Indian real estate major Ansal API to develop a mixed use Township in India that will cater to commercial, residential, institutional, and industrial properties in the country.
The joint venture will render Deyaar an opportunity to bring its international expertise to complement Ansal’s established rapport in property development and vast knowledge of the local market and regulations.
The move will further strengthen the expanding economic relationship blossoming between India and UAE. For Deyaar, the project has come at an opportune hour. Also, the company is in a look out for scaling up its presence in promising property markets. What could be better than Indian Real Estate!
Ansal Properties and Infrastructure Ltd. (APIL), is one of the leading contruction companies in India. The company has managed to accomplish consistently high levels of proficiency over the past 40 years in the business and current market capitalisation of over $1 billion.
We are glad to associate with such a successful real estate company like Deyaar which brings its international expertise of construction technology, financial and management resources in developing residential and commercial space to India, says Pranav Ansal, director of Ansal API.
News Published Under: Real Estate Developers |
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