Hindujas Enter Into Indian Real Estate, Health Care

October 3, 2007	(1 votes, average: 1 out of 5)  Loading ...
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The Hindujas Group, one of the largest diversified groups in the world, is planning to make a foray into the booming Indian property market and health care sectors.

The Group has two big projects in its pipeline, informs Sanjay G. Hinduja, Co-Chairman, Gulf-International (GOCL), India.

The Group currently holds a large land bank of around 1000 acre in Indian metros and is also planning to leverage the asset. It will start with the development of a 40 acre property in Bangalore. The project will involve an investment of Rs 500 crore.

The Hindujas has finalized designs of a Singapore-based architect for the project involving a construction of a 5 million sq ft. to cater the business requirements of IT/ITEs.

The Group is in a process to establish a Knowledge Park in Hyderabad with a whopping investment of Rs 800 crore. The Park will accommodate companies from biotechnology and health care sectors.

News Published Under:   Real Estate India |