Mexican homebuilder in expansion plans to India

by Dave

Hoping for casas en el estilo mexicano to spring up in India.
Desarrolladora Homex SAB, Mexico’s largest homebuilder, plans to raise as much as $200 million from a domestic or U.S. bond sale to increase its market share among middle class buyers and foreigners buying second homes, Chief Executive Officer Gerardo de Nicolas said.

The company also may expand into international markets including Brazil, India, China and Egypt, within the next three years, de Nicolas said in an interview in New York. These countries have a “historical deficit in housing” and access to financing for homebuyers, he said.