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News & Views on Indian Real Estate

Thursday, October 16, 2008

FIRE Cap Plans To Invest In Affordable Housing


The concept of affordable housing is now also attracting a lot of attention from the real estate funds fraternity. The First Indian Real Estate (FIRE) Capital Fund Ltd is making its first deal in the segment. While the name of the real estate developer is being guarded by the realty fund, it has been learnt that it is a firm operating out of the eastern region of India. "In all likelihood, the affordable housing project is being developed in West Bengal," said a source. The ticket size of the project will be between Rs 8 lakh and Rs 15 lakh for different apartment sizes.

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