Omkar Realtors and Developers today announced the closure of Rs 250-crore funding by private equity real estate firm Red Fort Capital for its premium residential project in suburban Malad.
The current transaction is Omkar's second deal within a span of three months.
Earlier this year, Omkar raised Rs 200 crore from India Reit, making the firm one of the few developers to successfully raise multiple tranches of the private equity capital in 2011, a company statement said here.
“Our association with FDI investor such as Red Fort Capital is a testament to institutional confidence in our firm. We believe in crafting better lifestyles as well as providing value for customers and investors.” the Omkar Realtors managing director, Mr Babulal Varma, said.