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Rakeen, Trimex to invest $5bln in India

UAE-based real estate company Rakeen and Chennai-based mineral firm Trimex Group have formed a 50:50 joint venture company – Rakindo Developers – which would invest over $5 billion in India’s real estate sector over the next five years. Rakindo Developers plans to develop over 50 million sq ft of residential, commercial and office space.

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This entry was posted on May 23, 2008 at 6:12 am and is filed under real estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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