NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
 
PBEL Invests in Indian Real Estate
Thursday, February 14, 2008

The latest to enter into the mushrooming Indian Real Estate Sector, PBEL, a collaborative effort of Israeli giants, Property and Building Corporation (PBC), Electra Real Estate (ERE) and an Indian developer INCOR Infrastructure, today announced that the company has invested in property, worth Rs 500 crore, across three cities in India.

With the investment the company acquired 58 acres land in Hyderabad and 42 acres in Chennai for a mixed township project and a 10 acre residential neighbourhood in Mysore, PBC Chairman's Executive Assistant Alex Meinster, PBC international operations VP Ehud Elizur and ERE business development VP Shai Weinberg jointly announced this.

PBEL Director and Founder Meir Boukris said the company had planned to build one crore square footage of world quality space in these cities over the next 12 months. Weinberg said the JV which had so far invested $120 million would be looking at all options to extend its operations.

 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications