A UK based real estate developer is planning to make an investment
of 250 million pounds in India’s fast flourishing property market
over the next five years.
Of the total amount, the company will put 50 million pounds
in budget hotel chain all over India, 50 million pounds in developing
resorts in Kerala, 50 million pounds in student accommodation
and 10 million pounds in the construction of commercial spaces.
The first budget hotel would be commissioned in Cochin by July
this year. The company is eyeing a land in Kerala to come up with
a 300-room resort and the land acquisition would be over by the
next three months.
Also, Red Ribbon UK fund is showing an inclination to establish
a pre-fabrication building construction factory in Kerala. It
would select 50 universities in India and construct hoitories
next to the campuses.
Considering the demanding business needs of pioneering bluechip
companies in India, the company’s plans to make investments include
development of retail parks.
