Property firm IndoSpace to invest $1 bln in India over 5 years

February 15, 2016 12:42 PM

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MUMBAI Feb 15 Property developer IndoSpace, owned by India's Everstone Capital and U.S.-based Realterm Global, said it will invest $1 billion in India over the next five years to expand its real estate development projects.

IndoSpace, which has so far spent $750 million to develop industrial parks in the country, expects the fresh investment to increase its development pipeline to 50 million square feet from 20 million square feet currently.

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