Title: Yaakov Engel, Hezi Hermoni in Goa housing projects Sub-title: The two will invest $500 million in three projects. Source: Globes (Israel business news). 12 Jun2 2008 at http://www.globes.co.il/serveen/globes/DocView.asp?did=1000351027&fid=1725
Excerpts: Yaakov Engel and Hezi Hermoni have purchased land for the building of three residential projects in Goa. The project will be carried out through Engel's privately-held real estate developer EngelInvest Group. The two partners will invest $500 million in the building of 2,030 apartments. Engel Invest expects the proceeds from the project to total $1 billion. The projects are in Cortalim, Panaji and Dona Paula where the apartments will reportedly sell at $5,000 per square meter. 295 words. Forwarded by Eddie Fernandes
