Tuesday, September 05, 2006

Citi rushes to cash in on Indian Real Estate Boom

After JP Morgan, their Gora Bhai, Citigroup Property Investors is investing in Pune based Real Estate company, Gera Developers. The entire project cost is estimated at around Rs550 crores.

OK. I am sure you are desperately searching for the place where this property development project is coming up. Kharadi in Pune :-) Its a high end project. 600 apartments + country club + hotel on a area of 2 Million SFT. Citigroup Properties has also set aside $360 Million for investments in India.

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