Russian, Isreali realty players to enter Indian market with Rs 10,000 crore

Russian and Israeli realty players are set to enter the Indian market with a pooled investment of Rs 10,000 crore.

With the entry of these players, the developers who are finding it difficult to mobilise funds from banks may find it easier to mobilize the funds.

Gaziz Globe is said to be investing in various retail projects. Big Shopping Group is also investing in new retail projects in Pune and Mumbai.

Mirax, Russia, is reportedly estimating the viability of investing in developments in Mumbai. Kardan Group, Israel, is also investing in an SEZ in Pune.