Hyderabad Real Estate- A Gateway For Global Investment Giants
Hyderabadbased real estate developers have caught the attention of international investment groups in a big way. Recently the citybased Maytas Properties roped in investment banking wizard Nimesh Kampani JM Financial chief to invest Rs 600 crore while at the other end Europebased global banking major Deutsche Bank also chose Hyderabadbased Golden Gate Properties to make its entry into the Indian real estate markets.
. Maytas Properties promoted by sons of B Ramalingam Raju founder of Satyam Group would be utilizing the funds in acquisition of land and push its panIndia expansion plans. The group at present enjoys the success of its Hill County project. Spread over an expanse of 85 acres this one of the most prestigious real estate projects in Hyderabad boasts of stateoftheart facilities and amenities. The township comprises a mix of independent houses and apartments and is located at Bachupally Hyderabad a 10 minute drive from HiTech city.
Following the positive response from the markets the group is now developing the phase II of its flagship project. The group plans to develop a 9million square feet IT Special Economic Zone SEZ besides the construction of 28 million square feet of residential properties.
Infinite India Investment Management on the other hand is a real estate joint venture between USbased SRS Investments and Nimesh Kampanis JM Financial Group. The company has made eight investment deals in India so far however the Hyderabad Real Estate deal is said to be the largest one by the group in Indian realty space as on date. Prior to this Infinite India had invested Rs 200 crore in Kolkatabased real estate organization.
. The 97.3 billion Deutshe Bank through its real estate investment arm Rreef partnered with Hyderabads major real estate developer Golden Gate Properties to announce its foray in Indian property markets. Golden Gate has completed eight residential and two commercial real estate projects across Hyderabad and Bangalore and is on with development of 20000 residential properties with its nine projects which are at different stages of development. With fresh influx of capital the group also plans to develop ITSEZs in the region sources informed.
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