In order to make the most out of the emerging business avenues in the country’s real estate sector, New York-based Greystone, a commercial real estate lending, investment and advisory company, has entered the Indian market. The company is planning to raise $57.5 million for Astoria Waterfront, a real estate project in the US, via 115 investors worldwide. The project has already bagged commitment from 35 investors. Out of the balance 80 investors, the company is targeting 30 per cent from India. Greystone‘s EB-5 practice provides foreign investors access to EB-5-compliant investment opportunities and investment servicing, and manages the EB-5 application process from end-to-end. The EB-5 program is a US government immigration program that provides foreign nationals an opportunity to receive a permanent visa to the US in exchange for a capital investment into one or more newly formed commercial enterprises that lead to the creation or preservation of jobs in the US.
📅Published on:
07 October 2017
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