According to this report, Donald Trump Jr, son of the real estate tycoon, is planning to set up a $1 billion real estate fund with focus on India. New York based Trump. His company, New York based Trump Organisation is also looking to set up residential and hotel projects in Mumbai, in cooperation with an Indian partner.
Interesting that his focus for this real estate investment is Mumbai, where valuations have been rather stretched, property prices underwent a recent correction and more is expected with more land being released from archaic bureaucratic control in order to counter the land-crunch.
Monday, July 28, 2008
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