Abu Dhabi-based estate developer, the Al Badie Group (ABG), today said it was interested to enter into a joint venture partnership with local developers to foray into the Indian realty space. | |
| "India is an important market for us. We are looking at the market very closely. We will prefer to go for a joint venture partnership with a local player, which has enough expertise, to enter into the market," Khaled Mohammed Al Badie, vice-president, ABG, said. |
| |
| ABG, he said, is already in talks with UAE-based banks having Indian operations, to help it find prospective partners to enter the Indian realty market, which is estimated to be worth $50 billion by 2010. |
| |
| "We would like to put up residential and commercial projects as well as hotels in India," Badie said, adding that the company is yet to finalise the location. |
| |
| "It is too premature (to talk about locations) now," he said. |
| |
|
| |
