• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad , July 5

Pegasus Realty, the UAE-based company plans to build `mini' and satellite townships in South India and has lined up Rs 700 crore investment for the next two-three years into projects.

Announcing the launch of its Hyderabad operations on Wednesday, Mr Imtiaz Panjwani, Chairman of the company, which is part of the $ 500-million Pegasus Group, said talks had been initiated with entities having `land banks' for taking up projects through joint venture also.

The company has lined up a product showcase betweenJuly 7 and 8 in Hyderabad.

It is also marketing its `New Hampshire Residences', in the heart of Kaula Lumpur, Malaysia, for prospective Indian buyers of high-end residential apartments, costing between Rs 70 lakh to Rs 2.50 crore.Talking to newspersons here, Mr Imtiaz Panjwani said: "We are confident that we can facilitate Indians to buy such property, as it is a sound investment with an assured 10 per cent rental return, and appreciating value.

There are also a good number of professionals with interests in Malyasia, which was emerging as a big centre in Asia, after Singapore".

After Hyderabad and Chennai, Coimbatore and Visakhapatnam are on the radar of the company for taking up projects in the near future.

In sixmonths, it is planning to acquire land and develop projects. Pegasus Realty would also bring technology and expertise to Indian projects, he said.

More Stories on : Real Estate & Construction | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Train services, cargo handling hit in Mumbai

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line