IslamicFinance.de

Gulf Finance House (GFH) has announced the signing of two development agreements for real estate development in India. The flagship investment of GFH in India is the Energy City and Mumbai IT & Telecom City (India Project) developments in New Mumbai. The agreement was signed with Wadhwa Group. According to this agreement, GFH and Wadhwa have agreed to the appointment of Hafeez Contractor to be the master planner for the Phase 1 of the India Project, with an expected end sale value of USD 4 billion. The second agreement was agreed with Adani Infrastructure & Developers.They intend to work together to explore development opportunities in relation to various infrastructure and real estate projects in India. Adani Infrastructure & Developers will be partnering with Asiastar City Holdings to develop the Phase 2 of GFH's India Project.