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Israeli firm to invest $2 bn to build township in Jaipur

Israeli firm to invest $2 bn to build township in Jaipur
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First Published: Mon, Dec 17 2007. 11 52 AM IST
Updated: Mon, Dec 17 2007. 11 52 AM IST
By PTI
Jerusalem: With India emerging as a favourite destination for real estate investment, a leading Israel-based firm is planning to invest $2 billion in a project in Jaipur.
Fishman Holdings plans to build a four-million square meter township on the site, which will include residences, commercial space, offices, and high-tech space.
The Israeli real estate firm’s subsidiary, Mondon Investments Ltd., has bought a 600-acre plot in Jaipur for $108 million and has an option to buy more land, business daily ‘Globes´ reported. Mondon is involved in several other developmental projects in India, including residential and commercial projects in New Delhi, Thane, Hyderabad and Ludhiana.
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First Published: Mon, Dec 17 2007. 11 52 AM IST