Thursday, March 15, 2007

Trinity Capital to pump in $10 bn to develop satellite towns around Mumbai, Delhi, Bangalore

Business Standard reports that the New York-based real estate investment fund Trinity Capital has lined up $10 bn, which may go up to $12 bn, to develop three satellite cities on the outskirts of Mumbai, New Delhi and Bangalore. Each of the satellite townships, to be built over a 1000 acre spread, will see an investment of $2 bn – $4 bn. Trinity is also in the process of lining up $2.5 bn for investing across 10,000 hotel rooms in the country over the next five years.

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