Milestone Capital has launched its 10th fund to raise Rs. 500 Cr to fund mid-segment residential realty

Q: Do you know that Private equity player Milestone Capital targeted toraise Rs. 500 Cr to fund mid-scale residential realty in which Tata Investment Corporation is the subsidiary investor.

Sujan Mitra,

12th September 2014

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Hi,
In this fund raising Tata Investment Corporation will have an upsize option of up to Rs 200 crore. It targated to get a gross IRR of 24% within three-and-a-half years.

Bulbul Verma,

12th September 2014

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Hi,
I heard this news and this fund is all set to close the first round by end of September, which will see a sum of Rs 200 crore being collected from investors. It would take another six months to raise the balance money.

Varun,

12th September 2014

This Group has over Rs 3700 crore of capital across nine funds, including 2 offshore, in real estate, health care, education and bullion products, managing investments for over 16500 investors.

Bulbul Verma,

12th September 2014

Yes, you are right,
The PE firm will be looking at partners (developers) in the NCR, Mumbai, Pune, Bangalore and Chennai for residential real estate projects, to be carry out under the new fund.

Varun,

12th September 2014

Do you know that this firm has already invested Rs 220 crore from three funds across multiple investments in Chennai and Pondicherry in residential and commercial projects.

Bulbul Verma,

12th September 2014