Maharashtra Attracts Foreign Realty Investments

                                                                                         

MIDC, the Maharashtra government’s industrial infrastructure arm is to jointly develop an integrated township with Vorando Reality Trust, the New York-based realty firm at Hinjewadi, on the outskirts of Pune.

Housing some well known IT firms, such as, Infosys, Wipro, Oracle, IBM and others, Hinjewadi is in for a US $200-million investment in the form of a township to be developed jointly by MIDC and Voreando over the next five years.

Already, a special purpose vehicle has been floated to execute the Vorandeo-Hinjewadi Township Pvt Ltd. project, and the shareholders agreement signed by Rajiv Jalota, CEO, MIDC, Maharashtra, India and Michael Fascitelli, President, Vornado Realty Trust, USA at New York.

About the author:
For more information on Real Estate Agents, MLS visit Propertiesmls.com

Source: IndiaRealEstateblog

Article Source: http://www.Free-Articles-Zone.com