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Royal Indian Raj International Corporation Engages Leading Real Estate Investment Banking Firm, The Greenwich Group International, for USD 1 Billion in Financing for its Royal Garden City Developments in India.

Publication: Business Wire
Publication Date: 29-SEP-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW DELHI, India -- Largest Foreign Direct Investment in History into Indian Real Estate Sector

Royal Indian Raj International Corporation (RIRIC) today announced that it has entered into a strategic partnership with New York-based real estate investment banking firm, The Greenwich Group International, to secure USD 1 billion in financing for the development of multiple, private, planned cities in India.

This strategic partnering will pursue equity and debt financing with institutional investors and lenders to quickly capitalize on the booming real estate sector in the world's fastest growing free market.

"The Greenwich Group International was founded on the premise of accessing international real estate capital flows, and we are confident that India will be a major destination for world-wide capital in real estate investment and development over the coming decades. We are very excited to be a part of this burgeoning capital flow as it will relate to RIRIC's planned cities in India," said Simon Milde, Chairman & CEO of The Greenwich Group International.

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