Red Fort Capital Will Invest Rs 40 Billion In India

Red Fort Capital, a Cayman Islands-based private equity fund focused on real estate development, is in the advanced stages of negotiations with six developers for projects worth Rs 40 billion in the metropolitan areas across India.

The fund will be developing an information technology park in Kolkata with Godrej Properties, with Red Fort holding a 49 % stake. The project, dubbed Godrej Genesis, is expected to generate sales of over Rs 7.50 billion.

“We are in the process of closing a number of transactions in the National Capital Region, Mumbai and Bangalore. We are currently talking to six different developers in these cities,” Red Fort Capital director Kuldip Chawlla said.

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