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Red Fort Capital plans to invest $1 bn in India

Red Fort Capital plans to invest $1 bn in India
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First Published: Thu, Apr 08 2010. 12 32 AM IST
Updated: Thu, Apr 08 2010. 12 32 AM IST
Mumbai:Red Fort Capital Advisors Pvt. Ltd, a real estate private equity fund, plans to invest as much as $1 billion (Rs4,440 crore) in India’s property market over the next few years. The firm has invested $400 million since 2007, mainly in residential projects, and may consider investing in offices, hotels and shopping malls, said managing director Subhash Bedi.
Red Fort and its partners have sold 3,000 apartments over the last six months in New Delhi, Bangalore and Chennai, Bedi said.
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First Published: Thu, Apr 08 2010. 12 32 AM IST