Real estate giant IREO will pump in $500m in various infrastructure projects in India over a period of seven years, the company said Thursday.
IREO, which has invested $1.5bn in India, is already one of the largest investors in the country's real estate sector.
'Having already invested $1.5bn, we still have another $500m available in cash for further investments in our projects,' Lalit Goyal, vice-chairman and managing director IREO, told reporters here.
The company currently has 13 projects and is in the process of constructing an IT SEZ (special economic zone) in Pune.
'We have already commenced construction of a five million square feet IT SEZ (Pune) and a three-million-square-feet housing project,' Goyal said.
Times of India