Red Fort Capital Plans Rs 2,700 cr Investment in Indian real estate

January 28, 2008	(Be the first to rate this story!)  Loading ...
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Private equity firm Red Fort Capital plans to invest about Rs 2,700 crore in the Indian Real estate. The firm plan to do this by 2009, the plan is also inclusive of an acquisition of 2,500 acres of land in over 20 cities across the country.

According to the managing director of the firm the firm will be investing Rs 2,700 crore in development projects in Indian real estate by 2009, about 70 per cent of which will into acquiring 2,000-2,500 acres of land in suburbs of metros and Tier II cities.

He further said that the company will develop properties worth Rs 12,000 crore adding that the respective developers will also invest their share of the remaining equity amount on a project-by-project basis.

News Published Under:   Real Estate India |

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