European real estate giant enters India

Global design-focused real estate development company 'Yoo by Starck' has entered India. As its first project, the European company is designing a huge residental condominial worth Rs 1,500 crore with Panchshil Realty in Pune.

Yoo by Starck also plans to expand its presence to Gurgaon, Goa, Bangalore and Mumbai with an investment of approximately Rs 1,800 crore in next four to five years.

Yoo by Starck Chairman John Hitchcox announced this during a press conference on Thursday in Pune. Yoo, a design marketing and branding development firm, has presence in 21 countries. Yoo is presently constructing 41 projects around the globe at Rs 40,000 crore.