RIRIC–Greenwich to develop multiple, private and planned cities in India
Royal Indian Raj International Corporation announces a strategic partnership with the Greenwich Group International to secure one billion dollars for developing multiple private and planned cities in India.
MUMBAI — Royal Indian Raj International Corporation (RIRIC) on Thursday announced it had entered into a strategic partnership with the Greenwich Group International to secure one billion dollars for developing multiple, private, and planned cities in India.
The partners will pursue equity and debt financing with institutional investors and lenders to quickly capitalize on the booming real estate sector in the free world's fastest emerging market.
The collaboration marks one of the largest dedicated India-focused real-estate investment commitments to date, channeling foreign capital into integrated township development across the country's Tier-1 and Tier-2 cities.