Dalian Wanda Group, one of China's largest developersAmong the deals , Dalian Wanda Group, one of China's largest developers have signed a memorandum of understanding (MoU) earlier this year with the Haryana government to develop "Wanda Industrial New City" involving an investment of $ 10 billion over 10 years. An agreement signed between China Fortune Land Development Company Private Limited (DLFC) and the state of Haryana will see large format industrial parks in the state. Gezhouba, another Chinese constructivist leading ..
Chinese investors in real EstateJapanese and Chinese private investors also looking to enter the real estate industry in India. Japanese developers are eager to explore strategic partnerships and joint ventures with Indian manufacturers and are particularly interested in industrial projects. , According to media reports, Phase I construction of "Wanda Industrial New City" is likely to begin in 2016 and will be spread over 1300 hectares. It will include an industrial park will host What enterprise industries such as various software, automobile manufacturing, machinery, health care, education and other industries. The first phase is scheduled to be completed in the next 3-5 years. foreign developers will also look into partnership with their Indian counterparts. Interestingly, large residential projects are particularly interesting for other Chinese developers. It remains to see if the class of commercial assets on their radar gets passed in the near future. Increased participation of foreign players should help in the development of quality projects, which will benefit end users and simultaneously create opportunities for Indian investors too.
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