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Architexturez > Mail > [ In-Enaction ] international practices: U.S. Private Equity Goes Town-Building In India

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+  From: Architexturez-IN <admin-in@xxxxxxxxxxxxxxxxx>
+  Date: Wed, 19 Sep 2007 14:12:54 +0530
MUMBAI -

Shriram Properties on Tuesday said it would partner with U.S. real estate private-equity firms Walton Street Capital and Starwood Capital Group to develop a $1.25 billion township in eastern India.

The project in the city of Kolkata in West Bengal will cover about 20 million square feet of land and include residential, retail, office and civic infrastructure, the companies said in a release. Hindustan Motors previously owned the land. International architecture firm HOK has been signed on for the project.

cont'd....
http://www.forbes.com/emergingmarkets/2007/09/19/india-real-estate-markets-emerge-cx_rd_0919markets1.html

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