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Israeli companies in JV for real estate projects in India

Monday, 04 Dec 2006
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On 3 December 2006, Israel's Property & Building Corporation and Electra Ltd has agreed on a joint venture to invest $100 million in real estate projects in India.

The joint venture includes an Indian partner (name undisclosed), will hold a 10 percent stake. Property & Building, a subsidiary of holding company, IDB Development Corporation and Electra will hold 45 per cent stake.

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