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Industry & Economy
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Real Estate & Construction
Red Fort launches domestic fund
New Delhi, Jan. 10
Private equity real estate firm Red Fort Capital, has
launched its first domestic fund for Rs 1,000 crore,
targeting land level deals. The by-invitation fund would
focus on land and realty projects worth over Rs 5,000
crore over the next one year. "The investment will be in
under-valued land for residential, commercial, IT, retail
and hospitality projects. The fund will focus on key cities
across India, such as re-development projects in Mumbai,
affordable housing and land in key urban centres,
providing investors a diversified exposure to land
appreciation," a company release said. - Our Bureau
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