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Real Estate India
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kardan plans $1.2 billion investment in India, China
| February 12, 2008 |  (Be the first to rate this story!) Loading ... |
The Dutch-Israeli investor in real-estate and finance companies, Kardan NV plans to invest as much as 800 million euros ($1.2 billion) to develop housing and commercial centers in China and India.
In India, the investment company is looking at opportunities in New Delhi, Mumbai and Pune, where GTC said in November it would build its first project in India. It may expand into other countries in Asia, Ickovics said.
According to Mr. Ickovics, Chairman of the management board Mumbai is the largest Indian financial center, Delhi is the capital and Pune offers strong potential for growth because of its location.
In China, Kardan is targeting residential and retail projects in “second-tier'’ cities of 3 million to 15 million people. There are 350 to 400 million Chinese who are expected to move from rural areas to cities in the next decade to find work, Ickovics said.
News Published Under: Real Estate India |
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