15 December 2018 Current Affairs:
Gemini Property Developers, a Dubai-based firm, is planning to enter the Indian real estate market to build mid-income and affordable housing projects. The company prefers a joint venture (JV) model to reduce risk and for better returns.
The firm said it is already in discussions with landowners and developers from India to develop projects in a joint venture (JV). It is expected that the company may invest up to $200 million in developing projects in India.