Gazit Globe to invest $110m in India - Israel Business, Ynetnews

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Gazit Globe to invest $110m in India

Real estate company to partner with HDFC Group's Hiref International in various development deals

Yaniv Yaacov
Published: 08.27.07, 08:07 / Israel Business

Gazit Globe real estate has recently signed a $110 million investment deal in India, Yedioth Ahronoth published Monday.


The company partnered with Hiref International, which is part of the HDFC Group, one of India's largest developers.


Hiref had recently received $750 million in investment commitments and is expected to invest in various real estate development ventures, ranging from commercial, high-tech and technological parks and combined city compounds, through to residential complexes and hotel resorts.


Gazit Globe's shares have dropped 16% since the beginning of the year, but have shown no change in its overall market performance.


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