Comments on: Rakindo Plan To Set Up $250-m Arm May Get Okay http://indiainvestmentproperty.com/real-estate-news/rakindo-plan-to-set-up-250-m-arm-may-get-okay/ Real Estate Investment in India Thu, 08 Jan 2009 17:09:54 +0000 http://wordpress.org/?v=2.6 By: amit http://indiainvestmentproperty.com/real-estate-news/rakindo-plan-to-set-up-250-m-arm-may-get-okay/#comment-287 amit Wed, 21 May 2008 13:00:49 +0000 http://indiainvestmentproperty.com/real-estate-news/rakindo-plan-to-set-up-250-m-arm-may-get-okay/#comment-287 UAE, today announced a 50:50 joint venture with Chennai-based Trimex group to form a foreign direct investment (FDI)-compliant real estate joint venture for the Indian market. The JV, Rakindo Developers, will have a committed outlay of $5 billion over the next five years for its project in India. The company is planning to develop, on a conservative basis, 50 million square feet of residential, commercial and office space across the country over seven years. Rakindo plans to start work on a $1.5 billion, 1,000-acre integrated township and information technology (IT) special economic zone (SEZ) in Coimbatore in the first quarter of 2008. It has already received in- principle clearance for the SEZ, which is being developed in partnership with the Tamil Nadu government. UAE, today announced a 50:50 joint venture with Chennai-based Trimex group to form a foreign direct investment (FDI)-compliant real estate joint venture for the Indian market.

The JV, Rakindo Developers, will have a committed outlay of $5 billion over the next five years for its project in India. The company is planning to develop, on a conservative basis, 50 million square feet of residential, commercial and office space across the country over seven years.

Rakindo plans to start work on a $1.5 billion, 1,000-acre integrated township and information technology (IT) special economic zone (SEZ) in Coimbatore in the first quarter of 2008. It has already received in- principle clearance for the SEZ, which is being developed in partnership with the Tamil Nadu government.

]]> By: Neeraj http://indiainvestmentproperty.com/real-estate-news/rakindo-plan-to-set-up-250-m-arm-may-get-okay/#comment-262 Neeraj Tue, 13 May 2008 11:23:16 +0000 http://indiainvestmentproperty.com/real-estate-news/rakindo-plan-to-set-up-250-m-arm-may-get-okay/#comment-262 That's very good for the coimbatore area which have to be good for the particular state because foreigners are also showing their interest to invest over there. That’s very good for the coimbatore area which have to be good for the particular state because foreigners are also showing their interest to invest over there.

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