Sistema is now planning to invest in India real estate

NEW DELHI, Feb 12.  Russian services conglomerate Sistema  will enter the real estate business in India, a top company official said on Tuesday. The firm will bring its real-estate business Sistema-Hals to India, and will look at opportunities around the national capital of New Delhi, Goncharuk said. 

“We are entering real estate … We might have partners but we have not decided yet,” Chief Executive Alexander Goncharuk told reporters on the sidelines of a conference in the Indian capital.

“India is a strategic market for Sistema … Besides telecoms and real estate, the next direction is high-tech,” Goncharuk said, referring to its microelectronics firm Sitronics .Goncharuk declined to say when Sistema would introduce to India the rest of its diversified portfolio, including Sitronics, saying the details would be announced later.