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 over the next five years. The news follows the success of the actual estate developer’s first project in India, Pruska Silvana in Bangalore. The twenty six acre project, made up of 438 terraced homes and 321 villas, broke ground in 2009 and is scheduled for completion in May this year. The Thai developer is set to build home in major 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 powerful and we assume it is a great investment for us. The company currently personal twenty 5 acres of land in Mumbai and it is probably this will be the web-site for their next property development in India. Pruksa’s entry into India is a big milestone for us, as it has normally been our dream to be a element of this country," commented Pruska’s founder and chief executive officer, Thongma Vijitpongpun. We want to bring in luxury living at very affordable rates in India.

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