Hyderabad Real Estate- a Gateway for Global Investment Giants

By: George Gonigal

Hyderabad-based real estate developers have caught the attention of international investment groups in a big way. Recently, the city-based Maytas Properties roped in investment banking wizard Nimesh Kampani, JM Financial chief, to invest Rs 600 crore, while at the other end Europe-based global banking major Deutsche Bank also chose Hyderabad-based Golden Gate Properties to make its entry into the Indian real estate markets.

. Maytas Properties, promoted by sons of B Ramalingam Raju, founder of Satyam Group, would be utilizing the funds in acquisition of land and push its pan-India expansion plans. The group, at present, enjoys the success of its Hill County project. Spread over an expanse of 85 acres, this one of the most prestigious real estate projects in Hyderabad boasts of state-of-the-art facilities and amenities. The township comprises a mix of independent houses and apartments and is located at Bachupally, Hyderabad, a 10 minute drive from Hi-Tech city.

Following the positive response from the markets, the group is now developing the phase II of its flagship project. The group plans to develop a 9-million square feet IT Special Economic Zone (SEZ), besides the construction of 28 million square feet of residential properties.

Infinite India Investment Management, on the other hand, is a real estate joint venture between US-based SRS Investments and Nimesh Kampani's JM Financial Group. The company has made eight investment deals in India so far, however the deal is said to be the largest one by the group in Indian realty space as on date. Prior to this, Infinite India had invested Rs 200 crore in Kolkata-based real estate organization.

. The $97.3 billion Deutshe Bank, through its real estate investment arm Rreef partnered with Hyderabad's major real estate developer Golden Gate Properties to announce its foray in Indian property markets. Golden Gate has completed eight residential and two commercial real estate projects across Hyderabad and Bangalore, and is on with development of 20,000 residential properties with its nine projects, which are at different stages of development. With fresh influx of capital, the group also plans to develop IT-SEZs in the region, sources informed.

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