By: Vikas Bamotra

Vikas Bamotra — Thu, 17 Jul 2008 11:43:54 +0000

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.

By: riathareja

riathareja — Mon, 23 Jun 2008 11:03:54 +0000

Red Fort Capital, an international private equity fund, is planning to invest Rs 3,500 crore in the country’s real estate sector during the next one year. The money will be invested in real estate projects — commercial, residential and retail — as well as land acquisitions. It has also launched a domestic fund few weeks back through which it plans to raise Rs 1,000 crore. The proceeds would be deployed into non-foreign direct investment projects. Construction has begun for Prestige’s project in Bangalore, Indu project in Hyderabad, Chennai and NCR, Delhi. The company is looking at property investments in about 15 other cities that have high income and employment growth and cheaper land. The company will target the middle income groups, earning between Rs 6 lakh and Rs 11 lakh per annum. Red Fort will develop the low-cost houses in partnership with the Bangalore-based Prestige Group and Hyderabad-based Indu Project and will have around 40-80 per cent stake in the projects. Red Fort is in the final stages of discussion for investing in budget hotel chains. It plans to capitalize on its existing land bank of over 1,000 acres pan India. It has land in North Mumbai, Kolkata, Pune, Chennai, Hyderabad and Delhi.For more view- http://realtydigest.blogspot.com/

By: sandeep asthana

sandeep asthana — Sat, 21 Jun 2008 14:43:53 +0000

i want to know about Red Fort.
As i am working in the real estate market of Jaipur for the past 2 years.

Comments on: Red Fort Will Develop Projects In Tier I And II Cities

By: Vikas Bamotra

By: riathareja

By: sandeep asthana