Fire Capital plans to invest more in realty

A well known real estate private equity fund, Fire capital is interested in investing three hundred million dollars in real estate projects.  Fire capital will invest it in country wide in next 3 years.  Major investment market will be in tier-II and tier-III cities for residential projects.  Fire capital CEO Om Chaudhary said,”We would invest $100 million each in the next three years as valuations are very attractive for us going forward. We have already invested close to $100 million in realty projects and would take a more than 50% stake in a project so as to provide our technical expertise and best practices”.  Fire capital will start giving results in next 2 years and the whole project will take about 6-7 years to complete.

This entry was written by rajani, posted on June 16, 2009 at 2:05 am, filed under Property News and tagged , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

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