Friday, December 18, 2009

Infinite India to invest $60 million-$80 million in realty projects

Looking at investing mainly in the residential segment, and residential-led mixed used developments
JM Financial Ltd’s real-estate investment unit, Infinite India Investment Management Pvt Ltd, is planning to invest an additional $60 million to $80 million in a few projects over the next 9 to 12 months.

Infinite India is also identifying such projects, where work can be started immediately and which are located in city-centric locations.

“We are mostly looking at investing in projects where the land acquisition has been completed, and the project is just about to start,” said RK Narayan, director, Infinite India, adding that the company is also planning to invest in large projects where it has the opportunity to invest in the subsequent phases of the project.

To read more, please, visit Moneylife

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