[Urbanstudy] Saudi Arbian firm's investment in India

[Sagar Gandhi]

Hello All,
Check this article. This might be of your interest.

Regards,
Sagar





Saudi realty firm plans 3 bn investment in India - http://economictimes.indiatimes.com/News_by_Industry/Saudi_realty_firm_plans_3_bn_investment_in_India/articleshow/2569401.cms




 MUMBAI:
Saudi Arabia-based realty firm Tanmiyat group is planning an investment of
around USD 3 billion in a township project in India, a top company official
said. 
 

 

 
 The group has zeroed in
on Bangalore for the project, its first-ever in the Indian market.

 

 

 
 "We are in the final stages of
fine-tuning our plans for this township project. We will be ready with the final
blueprint within the next 2-3-months," Tanmiyat group's Managing Director Bharat
Thakkar said. 
 

 

 
 This would be a
mixed-use project and would be completed in phases over a five-year time span,
he said. 
 

 

 
 The project would be
distinctive and unique in many respects and "since this is our first venture in
India, we will use the project to position ourselves rightly in the market to
facilitate our growth thereafter," Thakkar said.

 

 

 
 The group was still
fine-tuning various aspects of the project, including the investment structure
for it, he added. 
 

 

 
 "The equity
component is still fluid and we have yet to decide whether we want to load a
debt component onto the project," he said, adding that the average size of the
group's projects has been in the range of USD 2.5-3 billion.

 

 

 
 Being a mixed-use project,
apart from residential accommodation, the project would also have commercial
infrastructure. 
 

 

 
 "Bangalore is
well-known for its IT, BPO and bio-tech establishments and these three would
constitute focus areas for us," Thakkar said.
 

--
Sagar S. Gandhi
Graduate Student
Construction Engineering & Management
Civil and Environmental Engineering Department,
Stanford University

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