Chinese largest real estate firm Dalian Wanda Group has entered into ties with Anil Ambani’s Reliance Group. Both groups will jointly develop some real estate projects in Mumbai and Hyderabad.
Any Chinese real estate firm, for the first time, has real estate investment in India. Anil Ambani’s Reliance Group will offer the land. The Chinese real estate firm will construct and develop the land.
The first joint real estate project will be launched in Navi Mumbai. Anil Ambani’s Reliance Group has land parcels in Navi Mumbai and Hyderabad. The group officials disclosed their plans to build integrated township projects in India. These two projects will combine an area of about 20 million sq. ft. Continue reading