Shristi Infra aiming global markets for expansion

Shristi Infrastructure Development Corporation Ltd (SIDCL), a leading construction and infrastructure development company in India, is aiming global markets for expansion. The real estate firm has further drawn up 'Vision 2022' for entering the affordable housing segment in places such as Asansol and Guwahati.

Sunil Jha, Managing Director, Shristi Infrastructure Development Corporation Limited, said, "We are looking at expanding in global markets like Dubai and Nigeria. The residential market in Dubai is expected to improve after 2020. We are in favour of having a local partner in Dubai, who will either have the money or the expertise."

The company is already in the process of building township projects in Asansol and Guwahati.

"With the realty sector becoming more organised, the overall outlook for the industry looks progressive in the times to come," Jha added.

Shristi Infrastructure reported consolidated revenue of Rs 307.25 crore from operations and a net loss of Rs 20.5 crore for the fiscal ended March.