Real estate private equity firm Milestone Capital Advisors has invested Rs 75 crore in Landmark Developers, Chennai, for developing a four-acre residential project in OMR, Chennai.
This investment will be utilised for Landmark’s new residential project ‘Torrence’ in Pergundi. The investment will be made through Milestone’s real estate development fund in a structured debt format for a 36-month tenure, Milestone Capital Advisors said in a statement.
“Apart from consistently distributing returns to our investors through regular exits across our funds, we have also been steadily making investments. Over the past couple of years, we have returned over Rs 2,000 crore and have invested over Rs 550 crore across multiple deals pan-India,” said Rubi Arya, Executive Vice-Chairman at Milestone Capital Advisors.
The fund had recently made an additional investment of Rs 33 crore with ATS, a National Capital Region-based developer, for its residential project ‘Dolce’.