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Hyderabad
Al Fajer eyes the Hyderabad market
Special Correspondent
Hyderabad:
Al Fajer Properties, one of the leading realty developers from Dubai, on Wednesday announced its India investment strategy which would include developing world class realty projects in India through a joint venture and creating a real estate fund to facilitate investments by small investors in Dubai properties.
Hyderabad is one among the four cities chosen by the company to open business ventures. Apart from the city, Gurgaon, Mumbai, and Chandigarh were short-listed by the company. Al Fajer was also scouring for an opportunity in Gujarat.
Investments
"We are convinced that there is ample opportunity for us to support healthy cross-border investments between the two countries both by developing projects in India through a joint venture, as well as by facilitating Indian small investors buy into high-yielding Dubai properties," Shahram Abdullah Zadeh, Chief Executive Officer of Al Fajer Properties.
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