Hyderabad, Oct 10 (UNI) Colorado-based Redhawk Investments Group today announced its foray into infrastructure space in India through its maiden project at Hyderabad.
Addressing a press conference here, Redhawk Investments Group Chief Executive Officer (CEO) Bipin Agarwal said the company would first develop a township in Hyderabad with a capital expenditure of US Dollar 350 million.
He said the Group expected to generate a total revenue of about US Dollar 2900 million and a net income of USDollar 1050 million from the project, which would be completed in eight to ten years.
Mr Agarwal said the township would have modern and high quality residential, healthcare, retail and recreational facilities.
The Group also plans to build a series of similar micro-cities, each spread over 600 to 1000 acres of land.
The Dreamland Infrastructure had joined the project as a co-promoter and would contribute the land for the project.