News & Views on Indian Real Estate

Wednesday, July 23, 2008

Milestone Capital to invest Rs.1,000 crore in Maharashtra

Milestone Capital Advisors, a management venture fund house has decided to invest up to Rs.1,000 crore in real estate projects in Maharashtra. Of the total investments, around Rs.300 crore will be invested in commercial projects in Pune and Rs.300 crore will be invested in affordable housing projects in other cities such as Nagpur, Nashik, Pune and suburban towns/districts of Mumbai. In addition, Milestone is also actively considering a few investment proposals from Nashik. The company has earmarked Rs.200 crore for development of logistics parks across Maharashtra and will also invest over Rs.200 crore in warehousing in Mumbai.