Thailand Property Developer Invests US 300 Million In India Real Estate

Bangkok, Thailand: Leading Thailand house developer, Pruksa Real Estate PLC, has unveiled ambitious plans to invest US$300 million in the Indian house market place more than the next 5 years. The news follows the achievement of the true estate developer’s 1st project in India, Pruska Silvana in Bangalore. The twenty six acre project, made up of 438 terraced houses and 321 villas, broke ground in 2009 and is scheduled for completion in May this year. The Thai developer is set to make property in big Indian cities such as Delhi, Mumbai and Bangalore under the company’s flag ship Indian brand, Pruksa India Construction Pvt. "Demand for housing in India is sturdy and we believe it’s a good investment for us. The business already own twenty five acres of land in Mumbai and it is probably this will be the internet site for their next home development in India. Pruksa’s entry into India is a major milestone for us, as it has generally been our dream to be a element of this nation," commented Pruska’s founder and chief executive officer, Thongma Vijitpongpun. We want to bring in luxury living at cost-effective prices in India.

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