Meanwhile, a few Indian developers have also shown interest in developing properties in land owned by Dubai Properties in Dubai. These include Larsen & Toubro (L&T), ETA Developers, Lodha Group and Dheeraj Properties, among others. Dubai Properties is also all set to launch their first Indian corporate office at Bandra in Mumbai by September 2008. Says Binbrek, We have zeroed in on Bandra in Mumbai for our corporate office, which will come up by Sept 2008. We will forge tie-ups with real estate developers here.
According to industry sources, in the United Kingdom, Indian investors are keen on acquiring properties of Ukliin, a UK-based real estate company. The latter too is currently scouting for buyers as well in India through Morya Housing. By acquiring majority flats and commercial properties in international markets, Indian investors will be able to utilise apartments to live in during holidays and official visits, Binbrek added.