Malaysia-headquartered IQI, a property company and advisory agency, has launched operations in India with plans to speculate Rs 100 crore to amass grade A industrial and retail property within the nation, a senior official stated.
Besides facilitating actual property transactions, the corporate is seeking to purchase contemporary land to assemble residential and industrial initiatives.
“We have already identified assets, which we will acquire in the coming days. To start with, Rs 100 crore investment will be made, which will grow as we progress. We will monetise the acquired property at the right time,” stated Pankaz Jaiin, Managing Director & CEO, IQI India.
The firm has additionally acquired WealthVisory Capital, a Delhi-based boutique consultancy agency, at an undisclosed quantity.