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« India: Joint rating proposed for PPP projects | Main | World Bank adopts new strategy to combat corruption in loan program »

March 21, 2007

Nakheel, DLF form JV for $12-b core projects

NEW DELHI/MUMBAI: In one of the biggest real estate FDI flow into the country, UAE’s largest property development company - Nakheel - is set to enter India through a joint venture with Delhi-based DLF Group for two mega infrastructure development projects at an estimated cost of $10-12 billion.

Each of the project - one near National Capital Region and the other in Maharashtra, along a coastal region — would be spread over 20,000 acres, and would involve the development of industrial infrastructure and township components, including residential, commercial, retail and recreational centres.

Full Story...

Posted by rjorr at March 21, 2007 9:35 AM