Hinduja Group to enter Indian realty
The leading UK-based industrialist The Hinduja Group has announced its entry into the real estate industry of India. The group with a global presence in core sectors like oil and gas, automotive, power, IT, banking and finance announced an investment of up to $ 15 billion in Indian realty.
The group has already acquired a land bank of over 3,500 acres in metros like Mumbai, Chennai, Hyderabad and Bangalore for development of residential and commercial townships, SEZs, along with hospitality and healthcare.
The Group Chairman S P Hinduja stated that Indian economy has much more to look forward to and that non- resident Indians (NRIs) continue to repose confidence in the country. He also expressed that his group would be able to create employment opportunities across the country.
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Source: Economic Times
Bangalore, Chennai, Hyderabad, Real estate in India, real estate industry of India, Realty News, Realty sector, residential and commercial townships, The Hinduja Group
