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Al Badie Group to foray into Indian realty space

Steel News - Published on Thu, 22 Nov 2007

Abu Dhabi based estate developer Al Badie Group has announced that it is interested to enter into a JV partnership with local developers to foray into the Indian realty space.

Mr Khaled Mohammed Al Badie VP of ABG said that “India is an important market for us. We are looking at the market very closely. We will prefer to go for a JV partnership with a local player, which has enough expertise, to enter into the market.” He added that it is already in talks with UAE based banks having Indian operations, to help it find prospective partners to enter the Indian realty market, which is estimated to be worth USD 50 billion by 2010.

He further added that “We would like to put up residential and commercial projects as well as hotels in India. It is too premature to talk about locations now.”

Posted By : admin on Thu, 22 Nov 2007
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