Mauritius PE firm to develop five township projects

The 121-million dollar (around Rs 596 crore) fund would enable the company to invest around 200 million dollar (around Rs 983 crore) including co-investment options, in the Indian real estate business.

After announcing its strategic partnership with Chennai-based real estate developer Omshakthy Agencies (Madras) Pvt Ltd, Om Chaudhury, founder and CEO, Fire Capital Fund, said, “This is the fifth township project we announce in India and in all these projects we have an equity of 50 per cent or more. We have a target to complete development of 50 million sft housing area in India in next 10 years."

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