Ras Al-Khaimah enters Indian real estate (Lexington Herald-Leader)

An investment group from the United Arab Emirates said Monday it has set up a joint venture in India that will invest $5 billion over the next five years to develop residential and commercial properties. The joint venture, Rakindo Developers Pvt. Ltd., plans to build independent townships closer to smaller Indian cities, where real estate is poised for high growth in the coming years, said ...