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Millennium Spire to invest $1 bn in realty sector

Millennium Spire to invest $1 bn in realty sector
PTI
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First Published: Thu, Feb 07 2008. 05 02 PM IST
Updated: Thu, Feb 07 2008. 05 02 PM IST
Coimbatore: Millennium Spire, a real estate investment fund, will pump in $1 billion in the sector across the country, a senior company executive said on Thursday.
The company envisaged pan-India investment in excess of $1 billion in the foreseeable future and intends to accelerate allocations to opportunities in South India, with Coimbatore being a key focus area, said Ashish Balla, managing director, Millennium Spire.
He said the company was not investing in land, but would fund infrastructure development projects on partnership basis.
With regard to Coimbatore, Balla said that one-fourth of the investment fund would be earmarked for the district for projects like an inner city mixed used project of landmark value and a knowledge based industrial township.
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First Published: Thu, Feb 07 2008. 05 02 PM IST