Sunday, September 10, 2006

GGP to Invade Indian Commercial Real Estate

GGP - General Growth Properties, worlds second largest Real Estate Investment Trust is all set to invade the commercial real estate space in India. GGP's interests are mainly concentrated in - Shopping Malls.

My insiders tell me that GGP is in negotiations with Rahejas, owners of InOrbit Malls. However, Rahejas are denying all rumours. Why ? Keep guessing or shake hands with me ;-)

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