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Indian real estate heded for a 40% correction but in 2015 it will 1000% higher
Paula Zuba
Jun. 13, 2006

After the great depression of Asia, Indian real estate will rise ten folds.

India is being considered as "the next big thing" in real estate with many Israeli companies lining up for major investments there, a media report said.

Experts say, the report is right except it is off by 10 years.

The latest addition to the growing list of possible investors in the Indian real estate sector is US tycoon Shaya Boymelgreen who recently bought Azorim Investment in Israel for USD 500 million from IDB Holding Corp Ltd. He is joining hands with Nochi Dankner, a prominent Israeli businessman who briefed him over the prospects in the Indian market, busines daily ''Globes'' reported. The two entrepreneurs are in contact and considering a number of joint investments in India, the daily said adding that Azorim Investment CEO David Lev is due to visit India in a few days in this regard.


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