Announcing the launch of its Hyderabad operations on Wednesday, Mr Imtiaz Panjwani, Chairman of the company, which is part of the $ 500-million Pegasus Group, said talks had been initiated with entities having 'land banks' for taking up projects through joint venture also.
The company has lined up a product showcase betweenJuly 7 and 8 in Hyderabad. It is also marketing its 'New Hampshire Residences', in the heart of Kaula Lumpur, Malaysia, for prospective Indian buyers of high-end residential apartments, costing between Rs 70 lakh to Rs 2.50 crore.Talking to newspersons here, Mr Imtiaz Panjwani said: "We are confident that we can facilitate Indians to buy such property, as it is a sound investment with an assured 10 per cent rental return, and appreciating value.
There are also a good number of professionals with interests in Malyasia, which was emerging as a big centre in Asia, after Singapore". After Hyderabad and Chennai, Coimbatore and Visakhapatnam are on the radar of the company for taking up projects in the near future.
In six months, it is planning to acquire land and develop projects. Pegasus Realty would also bring technology and expertise to Indian projects, he said.
