UAE based ‘SS Lootah’ to tap into India’s Mushrooming Real Estate Market

November 19, 2007	(Be the first to rate this story!)  Loading ...
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SS Lootah Asia, a wholly-owned ancillary of the UAE-based SS Lootah Group, shared particulars of their latest global coalition-the `Sustainable Construction Group’ (SCG) at Cityscape India, the world’s largest B2B construction and real estate exhibition which is programmed to be at Mumbai from 19-21 November 2007.

They are aspiring to launch green buildings in India’s burgeoning real estate sector. The company has wide-ranging investment interests across several sectors in UAE, Asia, Africa and Europe. Their Asian branch will primarily drive investments in essential growth sectors encompassing infrastructure, real estate services, manufacturing and information.

According to their vice chairman, Yahya Lootah, the company would be concentrating on developing green buildings and the enterprise will be spearheaded by SCG, which has an alliance in the private sector sustainable construction domain with over 15,000 employees and 22 experts specialized in LEED (Leadership in Energy and Environmental Design) official recognition.

Sustainable Construction Group (SCG) is composed of ZAS-PSE, TROW, H.H Angus, Lootah-Vanbots, State Group International, TAS Designbuild and NCK Engineering Ltd. The companies bring diverse specializations in global proficiency ranging from architecture and design, engineering consultancy to MEP, Infrastructure and Construction.

The vice-chairman also announced that their investments in India came at a very favorable time as there is a pressing requirement to increase FDI flows into India from the Gulf countries. Currently investments from the Gulf to India are in the range of $2 billion and there are enormous prospects to augment this further, predominantly in the Indian real estate & infrastructure sector which has attracted considerable FDI.

News Published Under:   Real Estate Developers |

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