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Real estate focused Amplus Realty Fund has exited its investment in Assetz LUMOS, a premium project of Singapore-headquartered diversified real estate company – Assetz Property Group.
Amplus Capital Advisors Private Limited (Amplus), is a private equity advisory company with professionals involved in the business conglomerate, The Lalbhai Group. Amplus focuses on city centric high-end or mid-market residential development projects across various cities in India.
During November 2012, Amplus invested in a residential project of Assetz Property Group (APG) in West Bengaluru. Assetz LUMOS, the premium 138 unit project, has generated robust sales since its launch and is expected to be completed in 2016. The fund will garner returns of more than 2 times its investment.
“Bengaluru continues to be a key market for our investments. Since inception, the fund has committed investment in five projects across Bengaluru. We are pleased that our association with Assetz Property Group has enabled us to achieve healthy returns in a relatively short time frame. Our decision to partner with Assetz was predicated on its stellar track record of creating wealth for its investors,” said Anuranjan Mohnot, CEO Amplus Capital Advisors Pvt Ltd.
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