Real estate firm Akruti City Ltd plans to make its first international foray in the Middle East later this year, with projects in both residential and commercial segments. Mr.Vyomesh Shah Managing Director of Akruti said, “We had sent our team to study the Middle East market and they came back with very encouraging growth prospects”.
Further Mr. Shah said that the Mumbai-based developer also plans to expand its domestic portfolio to other states in western and central India including Gujarat, Karnataka, Rajasthan and Madhya Pradesh. He added that Akruti’s plans to sell shares privately to units of AIG and Citigroup, to raise nearly 13 billion rupees, had fallen through.
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Akruti plans foray in Middle East, other Indian cities Economic Times, India - 18 hours ago MUMBAI: Real estate firm Akruti City Ltd plans to make its first international foray in the Middle East later this year, with projects in both residential
Akruti Group is now planing to launch its project in two and three city like Gujarat, Karnataka, Rajasthan and Madhya Pradesh. This will improve the living standard and look of these particular city.