Milestone Capital To Invest In Tamil Nadu Real Estate

Milestone Capital Advisors will raise a fund of ten billion rupees to invest in the real estate sector in tier-II and tier-III cities of Tamil Nadu (TN).
The amount would be raised from high net worth individuals and financial institutions.

This fund would be primarily used for the construction and development of low-cost and green housing and also large warehousing across Tamil Nadu.

The company had so far floated two funds. The first one was for Rs 2.5 billion and the amount was disbursed for fourteen projects, of which nine were in Chennai.

The second one was for ten billion rupees, which was invested in readily available properties such as warehousing and office complexes.

3 Comments

  1. Pune Builders
    Posted May 22, 2008 at 12:37 am | Permalink

    There has been a surge of investments in II-tier and III-tier cities in Tamil Nadu over the past couple of years.

  2. Posted June 3, 2008 at 3:13 am | Permalink

    That will be better to the additional to the infrastructure which is very growth to the city for all that region person

  3. ANIL OOMMEN
    Posted September 29, 2008 at 2:28 am | Permalink

    I AM DEALING PROPERTIES IN KERALA . WE HAVE A PRIME LAND IN COCHIN 35 ACARS IN HEART OF THE TOWN .PLZ CONTACT 98460 11115.

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