Thailand Property Developer Invests US 300 Million In India Real Estate
Bangkok, Thailand: Leading Thailand property developer, Pruksa Real Estate PLC, has unveiled ambitious plans to invest US$300 million in the Indian home market place over the next five years. The news follows the good results of the genuine 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 main Indian cities such as Delhi, Mumbai and Bangalore below the company’s flag ship Indian brand, Pruksa India Construction Pvt. "Demand for housing in India is robust and we assume it is a good investment for us. The business already own twenty 5 acres of land in Mumbai and it is likely this will be the web page for their subsequent home improvement in India. Pruksa’s entry into India is a main milestone for us, as it has constantly been our dream to be a component of this country," commented Pruska’s founder and chief executive officer, Thongma Vijitpongpun. We want to bring in luxury living at reasonably priced prices in India.
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