Red Fort Capital invests in residential projects of Prestige Estates
Private equity (PE) firm Red Fort Capital Advisors Pvt Ltd will reportedly invest around Rs. 200 crore in residential projects of Prestige Estates Projects Ltd.
Red Fort Capital, which has about $1 billion of assets under management in India, has already invested nearly Rs. 400 crore in multiple office space development and residential projects of the Bangalore-based developer.
Red Fort is only one of the few PE firms who has enough capital to deploy in the current scenario witnessing real estate slowdown. It is seen as a welcome sign as many PE funds have run out of money, affecting real estate growth in the country.
Bangalore Real Estate, Bangalore-based developer, office space development, Prestige builders, Prestige Estates Projects Ltd, Private equity (PE) firms, Real Estate in Bangalore, real estate slowdown, Red Fort Capital Advisors Pvt. Ltd., Residential projects
