Thailand Property Developer Invests US 300 Million In India Real Estate

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Bangkok, Thailand: Leading Thailand property developer, Pruksa Real Estate PLC, has unveiled ambitious plans to invest US$300 million in the Indian home industry more than the next 5 years. The news follows the accomplishment of the actual estate developer’s first 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 home in significant Indian cities such as Delhi, Mumbai and Bangalore beneath the company’s flag ship Indian brand, Pruksa India Construction Pvt. "Demand for housing in India is sturdy and we assume it is a very good investment for us. The corporation already personal twenty 5 acres of land in Mumbai and it is most likely this will be the web page for their subsequent home development in India. Pruksa’s entry into India is a main milestone for us, as it has usually been our dream to be a aspect of this country," commented Pruska’s founder and chief executive officer, Thongma Vijitpongpun. We want to bring in luxury living at cost-effective rates in India.

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