Press release
Thailand property developer invests US$300 million in India real estate
over the next five years.
The Thai developer is set to build property in major Indian cities such as Delhi, Mumbai and Bangalore under the company’s flag ship Indian brand, Pruksa India
Construction Pvt. Ltd.
The news follows the success of the real 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 company already own twenty five acres of land in Mumbai and it is likely this will be the site for their next property development in India.
“Demand for housing in India is strong and we think it’s a good investment for us. We want to bring in luxury living at affordable prices in India. Pruksa’s entry into
India is a major milestone for us, as it has always been our dream to be a part of this country,” commented Pruska’s founder and chief executive officer, Thongma
Vijitpongpun.
“Bangalore has a forward looking attitude, a population of various demographics and, most importantly, more than half the world trusts Bangalore for its software and
the presence of some widely travelled people who will recognise quality when they see one,” he added.
The Thai real estate developer has also invested in Mumbai in a joint venture with Soham Developers and is building another project in Chennai with Mohan Mutha
Infrastructures.
Pruksa is also considering new projects in Chennai, Hyderabad, Nagpur and Haryana.
“Our mission is to be the leading property developer in Asia and across the globe and at the same time, deliver superbly designed and perfectly executed living spaces
at amazingly affordable prices. We intend to be intensely aware of the pulse of our customers and exceed their expectations every time,” Vijitpongpun concluded.
Pruska is keen to expand throughout Asia and already have an affordable housing project under construction in the Maldives. In addition the company is exploring
opportunities in Vietnam and China.
Founded in 1993 Pruksa Real Estate PLC builds town homes, single detached houses and condominiums in city centre suburbs and surrounding areas.
Rebecca Smith
Ocean Villas Group - http://www.oceanvillasgroup.com
Email: info@oceanvillasgroup.com
Article source... http://blog.oceanvillasgroup.com/thailand-property-developer-invests-us300-million-in-india-real-estate/
Ocean Villas Group are specialists in lifestyle and investment property worldwide and are committed to supporting investors in both the emerging and established property markets across the globe.
Level 31,
6 Battery Road,
Raffles Place,
049909,
Singapore
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Thailand property developer invests US$300 million in India real estate here
News-ID: 173418 • Views: …
More Releases from Ocean Villas Group Pte. Ltd.
Vera Wang bags Steve Hermann property in Beverley Hills, Los Angeles
Celebrity New York fashion designer Vera Wang has splashed out US$9.2 million on a Steve Hermann designed property in Coldwater Canyon, Beverley Hills, Los Angeles.
Hermann bought the 408m2 house in June 2008 for US$5 million. He spent the next two years completely redesigning and renovating the 1967 built property at a cost of US$3 million.
Two new bedrooms were added. The ceilings were raised to a height of 3.6 metres. The…
Asia Pacific worlds cheapest for building property
The Annual Construction Cost Comparison Report by EC Harris Research has revealed that countries throughout the Asia Pacific region have significantly lower building costs than their counterparts in The West, despite experiencing substantial economic growth.
Now in its seventh year, the report compares building costs per square metre in fifty six countries worldwide against construction costs in the South of England.
India and Sri Lanka have the lowest construction costs in the…
Jade Jagger puts Spanish property up for sale
Spain: The daughter of Rolling Stones frontman Mick Jagger, Jade Jagger, has put her Spanish property up for sale.
The seventeenth century farmhouse is located on the North West Coast of the Balearic Island of Ibiza near the village of Sant Joan de Labritja.
Dubbed by Jagger as her own “private paradise”, the Spanish property sits on top of a mountain overlooking the Mediterranean Sea.
And from its secluded location it’s hard to…
Spain cuts new property tax in half to lift Spanish real estate industry
Madrid, Spain: The Spanish Government has cut value added tax on new property in Spain by 50 per cent with immediate effect.
The reduction in VAT (Spanish - IVA) from eight per cent four per cent on new build Spanish properties came into force on August 19th and will continue until the end of the year.
Announcing the decision Jose Blanco, Minister of Development for Spain, said he hoped the new measures…
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
