India is all set to make a big name in real estate market, the main reason being that a lot of Israeli companies are investing here at a very high rate. The latest investment in real estate sector is by US big business man Shaya Boymelgreen bought Azorim Investment in Israel for USD 500 million from IDB Holding Corp Ltd.
Shaya Boymelgreen is in collaboration with Nochi Danker, an Israeli businessman who told him about the benefits of investing in Indian real estate market.
The two industrialists are thinking of joint investments in India. CEO of Azorim Investment, David Lev is planning a visit to India.
Not only this, Big Shopping Centers (2004) Ltd has already set up an Indian subsidiary, Big India, in partnership with a local company who owns 40% of the joint venture. Big India plans to build commercial centres for which it has bought two half-acre plots and at an investment of USD 40 million.
Elbit Medical Imaging Ltd., another company who has also declared to invest in India and plans to build three commercial centres in India. They see India as an attractive business opportunity.
Another company Alony Hetz Property and Investments Ltd plans to invest USD 100 million with partners in Indian ventures. The company will own 25% in this joint venture.
Many businessmen are planning to invest in India either independently or in joint venture. All such investments will make India next big thing in real estate market.
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