Mumbai, India, February 28, 2014 --(PR.com
)-- The Real Estate sector in China has been witnessing buoyancy of late. Prices for new homes soared by as much as 20 percent in the country’s four biggest cities in September 2013, over the same month a year earlier—the most since January 2011. The north-eastern port city of Dalian has been witnessing steady real estate growth over the past few years with property prices averaging 17500 CNY per Square Meter for a City Centre apartment and 11500CNY per Square Meter for apartments outside of Centre.
With Dalian’s status as a popular tourist destination for Chinese travellers and visitors from Korea, Japan and Russia the demand for high end residential properties are witnessing a steady rise.
AT Capital Group has co-invested in a prime residential property in the heart of Dalian. The property is a high-end residential development primarily comprising a 48-storey high residential building over a 4-storey basement on a site adjacent to northwest of the Labour Park. AT Capital is promoted by Indian business baron, Arvind Tiku. The group has interests in sectors such as infrastructure, real estate, hospitality and renewable energy.