Singapore based firm to invest $200 mn in Indian real estate

August 28, 2008	(1 votes, average: 5 out of 5)  Loading ...
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Singapore-based private equity firm Millennium Spire Ltd on Thursday announced that it would be investing $200 mn in real estate projects in India next one year. “MSL envisages investing 200 million dollars in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas in the next 12 months,” MSL Managing Director Ashish Bhalla said. The company also announced the launch of Spire Edge, an IT Park in Manesar near the national capital. The IT Park will be spread over 1.6 mn square feet of scalable eco-office complex with an energy saving capacity up to 30 per cent.

The company envisages investing up to one billion dollars in the next four years in the realty sector and would build university-based townships. “We have much larger plans. We are in talks with various state governments as we want to set up projects in public-private-partnership mode including setting up university based townships,” he said. The company also unveiled ‘Spire World’, its maiden platform to ‘drive development of mainstream green projects.

News Published Under:   Real Estate Developers |

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