openPR Logo
Press release

Thailand property developer invests US$300 million in India real estate

Thailand property developer invests US$300 million in India

Bangkok, Thailand: Leading Thailand property developer, Pruksa Real Estate PLC, has unveiled ambitious plans to invest US$300 million in the Indian property market

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: 1555

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

All 5 Releases


More Releases for India

01-17-2011 | Health & Medicine
KJIVF
IVF India, Test Tube baby India
The aim of setting up KJIVF is to help infertile couples in achieving conception through modern diagnostic and treatment methods. KJIVF Centre has given the best results by blessing infertile couples of advanced age with children, these couples could never dream of becoming parents. Thousands of babies are conceived through in-vitro fertilization (IVF) each year; In-Vitro Fertilization (IVF) means fertilization outside the body. A baby developed from an egg that
Beach Holiday India- Best Beaches in India
The natural beauty, exotic locations and rich heritage has helped India to stand as the most visited and most popular tourist spot in the world. The status of “Incredible India”, is defined by an incredible range of nature’s blessings on the Indian subcontinent and this incredibility is doubled by one of the most fabulous tourism option available in the country that are the brilliant and majestic beaches in India.
ISO 27001 India, 27001 training India ISO
Coral eSecure is information Risk Management advisory with specific focus on Information Security (ISO 27001, ISO 17799, PCI, COBIT, HIPAA, GLBA, and DPA), Business Continuity (BS25999) and ITIL/ IT Service Management (ISO 20000). Coral is the FIRST Indian consulting organization which provides an Integrated Management System Consulting, Consisting of ISO 27001, ISO 20000 and BS25999 – ALL THREE IN ONE! Coral provides Consulting, Assurance audit and Training to address these
Interior Designers India, Designers and Architects India
Today, we have recognized ourselves as a booming beauty interior designing firm, offering services that include interior designing. We are a winning firm, which is based on the strong foundation of innovative and original ideas for interior, architectural and landscaping designing services. Synergy Corporate Interior Design Association has more corporate members. Who provide Products and services. We support Interior Designers India, Designers and Architects India. We are committed to the
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
ISO 27001 india, 27001 training india ISO, 17799 training india ISO, Compliance …
Our foundation of service delivery is based on sound research - thereby customers realizing definitive delight and Assurance resilience in their management system. We provide Consulting Services for ISO 27001 india, 27001 training india ISO,17799 training India ISO Security, BCM/BS25999, SAS 70, COBIT Implementation, Annual Compliance Check, Best Practices Implementation, & Quick Gap Analysis. It is a set of ‘best practices’ controls - management and systems - that enables