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.