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Impact Projects signs JV for township projects

Tuesday, 01 Jul 2008
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Impact Projects has signed a joint venture agreement with equity fund company South Asian Real Estate (SARE) to set up two luxury townships in Amritsar.

The two projects will entail an estimated investment of Rs.1,800 crore ($428.5 million). The Isle of Man-based SARE has made investments in many housing projects in India through joint ventures with Indian property developers.

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