Mexico's Homex agrees to alliance with Indian builder

MEXICO CITY, March 29 Mon Mar 29, 2010 12:59pm EDT

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MEXICO CITY, March 29 (Reuters) - Mexico's Homex HXM.N (HOMEX.MX) said on Monday it intends to partner with Indian construction company Puravankara (PPRO.BO) on new public housing projects in India.

Homex has agreed to terms with Puravankara for a "future, nonexclusive strategic alliance to begin operations in the public housing segment," the Mexican company said in a stock exchange filing.

The first project being eyed will be in the metropolitan area of the city of Chennai, in southern India, Homex said. (Reporting by Patrick Rucker, editing by Maureen Bavdek)

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