MSL Will Invest 200 Million Dollar In Indian Realty

Singapore-based private equity firm, Millennium Spire Ltd-MSL announced investment of $200 million in India’s realty sector in next one year.
MSL Managing Director, Ashish Bhalla reportedly said that the company would invest in real estate projects in the national capital region and Coimbatore in mix use complexes, IT parks, residential and commercial areas.
The company also announced the launch of Spire Edge, an IT Park in Manesar near the national capital. Spire Edge is a 50:50 joint venture between MSL and A N Buildwell and the project is expected completion in next three years. Bhalla said that the company would invest $20 million in Spire Edge project in which, money might be raised from overseas apart from promoters’ investments, said the report.
Bhalla also said that the company foresees an investment of $1 billion investment in the next four years in the real estate sector and would build university-based townships. He further added that the company is in talks with various state governments as it wants to set up projects in public-private-partnership mode including setting up of university based township projects, added the report.

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