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IQI to invest Rs 100 cr in India operations

Thursday, 14 Jan 2021
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Malaysia-headquartered IQI has launched operations in India with plans to invest Rs 100 crore to acquire Grade A commercial and retail assets in the country.

Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and commercial projects.

The company has also acquired WealthVisory Capital, a Delhi-based boutique consultancy firm, at an undisclosed amount. The company will only focus on property worth over Rs 10 crore in the residential segment.

It has merged its operation with IQI India and will help them in expanding the residential business in India. But the focus will be on Lutyens and South Delhi in NCR and prime properties in Mumbai and Bengaluru.

In the commercial segment, the company sees a lot of opportunity in and around Noida with the announcement of Jewar airport.

IQI has regional offices in 17 countries across five continents.

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