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Red Fort pours USD 425 Million on Indian property market

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As per to the sources available to www.propertykhazana.com, Red Fort Capital , a private equity firm is investing $425 Million in Indian Property Market and the company has given a entry into a combined contract with the Prestige Group to develop a housing venture in Bengaluru. Out of total investment, this firm is investing $225 Million in five ventures comprising the targets like Chennai, Garden City and Hyderabad, said Mr. Parry Singh, managing Director of Red Fort India Realty Fund @ the www.propertykhazana.com. The planned township is having 1,000 residences in less cost bunch housing for Rs. 1,100 per Sq.ft scattering about 25 acres of property. Township will serve both commercial and housing segment purposes.
According to the sources available with the www.propertykhazana.com, in addition to these real estate ventures, Red Fort Capital (RFC) has joined with the Prestige Group for $250 Million Township venture in ‘Silicon City’ Bengaluru. The first investment will be of about $180 Million, as Red Fort Capital is investing about $80 Million and the balance amount will be invested by the developers. But, Red Fort Capital has not yet decided regarding the last investment. For more information logon to www.propertykhazana.com.
Source: NBTVLIVE

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