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Milestone to adornTamil Nadu with projects worth Rs. 1200 Crores

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Milestone Capital Advisors, a sovereign project fund is concentrating on realty and has decided to invest about Rs. 1,200 Crores out of its total domestic spend of Rs. 2,250 Crores for reasonable and green residential and warehousing in Tamil Nadu.
Ved Prakash Arya, MD of Milestone said to www.propertykhazana.com that, “The company is optimistic about the Tamil Nadu realty market.” Company was mainly gazing at Tier-I &II cities and Mr. Arya says that, “Funds will be managed from domestic high net cost individuals and fiscal institutions. Company have so far hovered two funds and the first one was for Rs. 250 Crores and the amount was spared for 14 ventures of which 9 were in Chennai alone and 2nd one was for Rs. 1,000 Crores poured on accessible lands like warehousing and office complexes. Now company is having its 3rd fund, Milestone Domestic Scheme II.”
As per to the source saying @ the www.propertykhazana.com this fund will be mainly utilized for the construction and for development of low-priced and green residential and also for big warehousing across Tamil Nadu. Apart from this domestic fund, the company is also intending to raise Rs. 1,600 Crores from the global market and concluding Mr. Arya said that the property bank of the company is about 300 acres across the country.
Source: NBTVLIVE

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