Dubai developer planning to invest Rs 500 Cr in Mumbai realty

By Rohit Sharma

MUMBAI:

Gemini Group, a real estate developer based out of Dubai is planning to invest Rs 300-500 crore in Mumbai property market. The company is planning to launch its first project in Mumbai’s prime location by the first quarter of 2019.

Sudhakar Rao – Chairman, Gemini Group, told Accommodation Times that, “The first project in Mumbai will be in Joint Venture (JV) scheme. It will be a luxury project and in future will shift to affordable housing. The luxury apartments will be of 3,600 sq. ft.

When asked him about real estate market in 2019, he said, everything will depend on post-election.





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