Israeli co to invest $500 mn more in India realty

Israeli conglomerate, Elbit Imaging and its subsidiary Plaza Centers NV will make fresh investments of at least $500 million for developing real estate projects in India. The Tel Aviv-based developer of malls wants to build a diversified real estate portfolio in India, consisting of residential, office and retail projects. Elbit India Plaza Management Services is close to signing its first, residential, joint development pro-ject on 11 acre of land in Thiruvananthapuram. It will develop the project with Pune-based Panchshil Realty and a local builder. Contact: Elbit Imaging. Tel: +972-3-608-6000. E-mail: contact@elbitimaging.com Website: www.elbitimaging.com