JMD to foray into West Asia, invest Rs 200 cr

New Delhi, Mar 23: Country's leading real estate company JMD Ltd has said it plans to foray into West Asia by opening a wholly-owned arm in Dubai and will invest about Rs 200 crore to undertake four projects consisting two residential and two commercial. ''We have grown considerably in the domestic market in the last few years and would now like utilise the expertise in exploiting the business opportunities at international level,'' company Managing Director Sunil Bedi said.

JMD Ltd, the flagship company of JMD Group, has developed various commercial, residential projects in and around National Capital Region (NCR) in the past decade and further 65,00,000 sq ft is due for completion within a span of next few years, company said in a statement. The company, set up in 1989, has developed commercial complexes like JMD Regent Square, JMD Regent Plaza and JMD Kohinoor.

UNI