dubai the diversified r p ravi pillai group plans to deploy usd 15 billion 55 billion dirhams on real estate development in dubai says a media report it is the first time the usd 3 billion plus entity is getting into realty in these markets with general and industrial construction having been its core focus until now the gulf news report said the group is targeting real estate as contributing 10 per cent of overall turnover before the end of the decade in india the group has recently built up a property portfolio but principally in hospitality and through management contracts with leela group and itc hotels according to the report during this period the group turnover is projected to grow in the range of 510 per cent the groups founder and chairman ravi pillai told the newspaper from its headquarters in bahrain that a 3 million square feet project in dubai will have serviced apartments residences and a dedicated retail precinct as well as a fivestar hotel others include a fivestar hotel in dubai marina to be operated by crowne plaza a fourstar hotel in bur dubai to be managed by indias itc group and a serviced apartment complex near downtown dubai the report added