Israeli developer to build a residential complex in India Thiruvananthapuram

Israeli developer Elbit Imaging and its subsidiary Plaza Centers intend to invest at least $ 500 million in the construction of a series of residential and commercial properties in India, according to OPP. The first project in this series will be a residential complex in the coastal city of Thiruvananthapuram, Kerala, in southern India. Land area for the project - about 4.5 hectares. "We see that foreign developers returned to India, especially those who have already worked in this market", - says the managing director of CB Richard Ellis South Asia. Elbit Imaging Company first came to the Indian real estate market in 2006, and since then has invested about $ 400 million in the purchase of land in the central and southern parts of the country. According to OPP .