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Israeli co to invest $500 mn more in India realty
Israeli conglomerate, Elbit Imaging and its subsidiary Plaza Centers NV will make fresh investments of at least $500 million for developing real estate projects in India.
The Tel Aviv-based developer of malls wants to build a diversified real estate portfolio in India, consisting of residential, office and retail projects. Elbit India Plaza Management Services is close to signing its first, residential, joint development pro-ject on 11 acre of land in Thiruvananthapuram. It will develop the project with Pune-based Panchshil Realty and a local builder.
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