Elibit Joins Hands with Indian Company

October 23, 2007	(Be the first to rate this story!)  Loading ...
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Elbit Medical Imaging Ltd, an Israeli property investment and health care company, has recently joined hands with an Indian company to develop a large scale residential cum commercial complex in Bangalore. The project is expected to generate revenue of more than $4 billion.

The company has entered into a joint venture with a construction company for the project, which will be owned by Elbit and its partner.

The project will include residential neighborhoods with golf course, clubhouses, office complexes, a five star hotel, hospital, and a retail facility. The development is likely to start in the next one year and the project will be over within three to five years.

Such projects will help the company to carve out a substantial niche in Indian property market, says Abraham Goren, executive vice chairman of Elbit, who heads the company’s activities in India.

News Published Under:   Real Estate Developers |

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