Realty fund Foreign Investment Promotion Board of the government of India has cleared Rs 550 crore India Real Estate Fund. The fund floated by Kotak India Real Estate Fund will be raised in the international market to be invested in the real estate projects in India. The money will be invested through venture funds in the large projects on a minimum area of 25 acre. It is learnt that even though the domestic equity market has fallen in the last one and a half months, foreign investors are still eager to invest in the real estate market in the country. The real estate fund will provide an opportunity to the foreign investors to reap benefits from the booming real estate markets in the country. According to one estimate, a direct investment in the real estate market gives a return of over 20% per annum which is very high in the international market. FIPB has also cleared Rs 22 crore foreign direct investment by IJM corporation of Malaysia to invest in the development of a township in Hyderabad. The Malaysian company will take some stake in a company engaged in the development of township projects. A number of similar other investments are also waiting for the opportunities to enter in the Indian market. A senior builder said that there was no problem in raising funds from the international markets, but the issue is of getting credible projects to invest. This article is sponsored by: www.indiarealestateblog.com Posted by Karen Smith on December 13, 2008 at 12:00 AM About Karen Smith Karen Smith is affliated with RE/MAX Professionals, which is located in Florence, SC. For further assistance please use the contact information located on the right. As of 05/24/12 the Karen Smith RePage is ranked at 3,208 with 425 points.

Local Information for Florence, SC

Latitude: 34.184088 -- Longitude: -79.774147

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ZIP Codes for Florence, South Carolina	29501  29502  29503  29504  29505  29506
Area Code for Florence, South Carolina	843
Time zone for Florence, South Carolina	EST

Other Area Cities:   Florence, SC  Darlington, SC 

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Florence is the county seat of and largest city in Florence CountyGR6 South Carolina, United States. This 1997 All-America City finalist, with its historic homes and towering medical center towers, came together to form a cultural center for the northeastern portion of South Carolina. The city population was 30,248 as of the 2000 census (67,314 total pop. of Florence Urbanized Area). The Florence metropolitan statistical area, which consists of Florence and Darlington counties, was estimated at 198,443 inhabitants in 2005 by the U.S. Census Bureau, though nearly half of this population is classified as rural. Florence is the primary city of "Pee Dee" region of South Carolina, an area that includes the eight counties of northeastern South Carolina along with sections in southeastern North Carolina.Florence has become a major biomedical and financial center of the eastern carolinas. Many financial institutions and banking centers have regional offices located in the city. -- Source: Wikipedia.com