Mumbai, Jan 10 (UNI) Red Fort Capital, one of India's leading international private equity real estate firms, today announced the launch of its first domestic fund for Rs 1000 crore targeting land level deals.
The fund to be garnered through invitation only would focus on land and realty projects worth over Rs 5,000 crore, the company said in a release here. The investment would be in under-valued land for residential, commercial, IT, retail and hospitality projects and focus on key cities across India, such as re-development projects here, affordable housing and land in key urban centres, providing investors a diversified exposure to land appreciation.
Red Fort Capital is one of India's most successful real estate managers with an established record of land banking, having already invested projects worth over Rs 7,500 crores in last year.
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