News & Views on Indian Real Estate

Tuesday, June 03, 2008

Dubai-Based Real Estate Major Looks to India

Dubai-based real estate major Majid Al Futtaim (MAF) is likely to enter India for which it is in the process of identifying a local partner. MAF is looking to tie up with a local player to build shopping malls, residential properties and other commercial spaces. The company intends to set up operations in India in next one or two years. A team of senior company officials visited India in the month of March to evaluate various options and held talks with companies here. They will visit India again in June to organize roadshows in major cities, including Bangalore, Delhi, Mumbai and also Goa.MAF also operates hypermarkets, in joint venture with the world`s second largest retailer Carrefour, in the Middle East, North Africa, Iran, Pakistan and other markets.

Rajani said...

Not only dubai, lots of foreign investors are showing their great interest in purchasing real estate in india.

Anonymous said...

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