Red Fort Capital to invest $100 mn in Prestige Group

October 10, 2007	(Be the first to rate this story!)  Loading ...
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Red Fort Capital, an India focused Real Estate Private Equity Fund, is planning to invest $100 million in Bangalore based Prestige Developers. The money will be invested into two separate projects developed by the Prestige.

Red fort envisages tapping the potential of Indian real estate especially fast flourishing smaller cities.

Prestige Group has recently raised around $35 million from Red Fort for development of a two million square feet commercial Technology Park in Bangalore. The project will come up on the outer ring road between Marathalli and Sarajpur and is at a distance of 5 kms from the upcoming international airport.

Another $6 million has been invested into Prestige’s 800 acres Township in Bangalore. Prestige is one of the renowned builders in Bangalore and has a topline of Rs 600 crore.

The company holds interests in all the segments of real estate – Commercial, Residential, and Retail.

News Published Under:   Real Estate Developers |

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