J P Morgan and other foreign funds are chasing the Indian real estate space as if their is no tomorrow.Lodha Builders, Mumbai based realty company has just informed us that J P Morgan will invest $60 Million [Rs 275 crores] in their upcoming project on erstwhile Apollo Mills Land in Mahalakshmi.
Lodha Bellissimo is a premium residential complex coming up in Mahalkshmi. J P Morgan said,
"We have invested significant time and effort in understanding the local market and market players and have found Lodha's worthy of investment".
Yesterday, Uday Kotak, CMD of Kotak Mahindra Bank has said that Real Estate Prices in Mumbai made no sense to him and is looking for a revolution in real estate market where the middle class could easily afford to BUY.
Tags: Realty India, REIT, Mumbai Real Estate, Premium Apartments Mumbai
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