House of Patels launches real estate arm in Dubai
Dubai, September 1, 2007
House of Patels, one of India's leading businessconglomerates, who also owns part of Wall Street Exchange, has launched their real estate arm in Dubai, the Wall Street Property.
The company is marketing major Dubai properties such as Burj Dubai Lake Hotel, Dubai Mall, The Boulevard, The Residences and The Old Town among other landmark projects spread across the Palm, Business Bay and other major locations.
Wall Street Property is the property arm of 50 years old group - House of Patels, which is amulti million-dollar conglomerate with interest in diversified fields including Transportation, Logistics, Finance, Constructions, Courier and Real Estate Developments.
With net assets of well over $200 million and market capitalisation of $500 million, theGroup company is listed on the Indian Stock Exchange and is now strengthening its positionas a leading Property Marketing company by focusing on the core business of marketingproperties globally.
"We have launched Wall Street Property to aggressively pursue the vast real estate opportunities existing in the UAE and across the region," says Asgar Shakoor Patel, chairman of the House of Patels.
"Currently we are looking at two promising markets UAE and India. Our strategy will focus on selling residential, commercial, retail and leisure projects.
"The launch of this new arm will take investment opportunities in real estate to a new and exciting level."
The company is also tapping into the Indian property marketplace, which is also witnessing amajor real estate boom.
The company will be showcasing a great opportunity for the Indiancommunity to own properties in India.
The company will sell projects in major Indian cities suchas Bangalore, Pune, Calcutta, Chennai, Hyderabad, Mumbai, Delhi among other key cities.