Red Fort Capital to invest 100 million dollars in Chennai

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Chennai, Dec 12 (UNI) Real estate firm Red Fort Capital will invest about 100 million dollars in Chennai in its low to high end residential and hospitality projects.

It would be constructing a residential project at Mogappair near Ambattur, which was fast emerging as an Information Technology hub, Company Director G B Singh told reporters here today.

The investment would be made over a period of six months.

The company foresaw a tremendous potential in the real estate sector with several MNC software companies investing in India and companies like Red Fort were facilitating this growth by investing in the real estate sector in the city, Mr Singh added.

UNI

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