One of the leading private equity firm Red fort Capital has recently made an agreement of investment with the realty giant Parsvnath for their next series of development as depicted at the www.propertykhazana.com. The deal is of around Rs 90 crore which will accumulate 18 percent of the company’s stake by the equity firm.
The sole investment was made in concern with the Parsvnath new residential upcoming of ‘Parsvnath La Tropicana’ at Khyber Pass, Civil lines of the capital city. The project is on the fast process of construction and is expected to get completed by another three years with the estimate revenue of Rs 1300 crore. Sources reported at www.propertykhazana.com also reveals that along with the normal housing units of 3,4 and 5 bed rooms units company is also planning to open up few villas and penthouse with excellent finishing touch covering a total land mass of nearly 16.84 acre for the entire project.
On a short note with www.propertykhazana.com the Managing partner Parry Singh states that “this affiliation with Parsvnath has proved our obligation towards upgrading the housing issues across the major and metro cities of the country”. Apart from this a few more realty sites can come in near future from the end of Red fort equity fund, Singh adds further. In addition a recent survey has also revealed that around 88 percent of realty is getting back to its track from different financial houses with in the coming months.
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