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GIC and Vatika to develop residential projects in India

Sovereign Park (above) and Seven Elements are expected to be completed by the 2018-19 financial year and generate revenues in excess of 20 billion rupees


SINGAPORE'S sovereign wealth fund GIC, through its affiliate, and Indian property developer Vatika Group have established two joint ventures for residential projects on Dwarka Expressway in the northern Indian city of Gurgaon, near New Delhi.

The projects, called