Israeli Company to Invest $135 Million in Chennai Real Estate
Elbit Medical Imaging Ltd (EMI), an Israeli firm traded in the Nasdaq, has bought 80% of a 135 acre plot in the southern city of Chennai from an unnamed Indian developer, who will own the remaining 20 per cent, business daily ‘Globes’ reported. EMI will invest more than $150 million in the land for the project and estimates revenue of over $4 billion.
Israeli firm to invest $2 b for building township in Jaipur
Fishman Holdings plans to build a four million square metre township in Jaipur, India. The investment is estimated to be approximately $2 billion which will cover the building of residences, commercial space, offices, and high-tech space. The Israeli real estate firm’s subsidiary, Mondon Investments Ltd., has bought a 600-acre plot in Jaipur for $108 million and has an option to buy more land, business daily ‘Globes’ reported. Mondon is involved in several other developmental projects in India, including residential and commercial projects in New Delhi, Thane, Hyderabad and Ludhiana.
I’ll keep an eye on other real estate deals from groups in Israel. Something tells me that there are going to be many more.