Monday, 2 November 2015

Indian real estate company Sandal Lands enters Sri Lanka with $10 mln investment

One of India’s leading real estate companies, Sandal Lands has entered Sri Lanka with an investment of US$ 10 million. The company is in discussions with the Urban Development Authority of Sri Lanka, said Sanjay Kathuria, Director of Sandal Lands at a media briefing in Colombo last week.
Mr. Kathuria said, “The initial phase of the investment will be US$ 10 million and later on we will go up to US$ 25 million.” Recently the company partnered with the government of Maldives and Sri Lanka is the second international market for Sandal Lands, he added.
(Source: Sunday Times)

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