India’s leading real estate developer, a major U.S. builder and a London-based hedge fund have formed ajoint venture to build integrated residential commercial projects worth $25 billion over the next 20 years throughout the emerging nation.
The venture's key partners are India's Sahara Prime City Ltd., investment firm Acropolis Capital Group and Turner International, the international subsidiary of Turner Construction Co., New York City. With an initial investment of $100 million, the Mumbai-based company will operate under the name Sahara Turner Construction Ltd. Sahara Group holds a 63% stake.