UAE based Emaar Properties is set to inject $150 million for a 20 to 25 per cent stake each in three real estate developments in India, to boost funds in its Indian joint venture.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>Emaar is now considering to pick three separate special purpose vehicles (SPVs) which will then develop two retail properties and one office property in Gurgaon and Mohali.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <BR><BR>"Emaar is evaluating the options of private equity investment in special purpose vehicles in India. Due diligence on potential investments are on and details have not yet been finalised," an Emaar spokesperson said. </P></p><p class='TableClas'></p></table>


UAE-based Emaar to invest $150 mn in India

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