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Hindujas Enter Into Indian Real Estate, Health Care
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 | 1 Comment »
Hey! Is it true, that the Hindujas group is entering in to the Indian real estate property market?