Private equity firm Red Fort Capital will invest $ 425 million in the Indian real estate market and has tied up with the Prestige Group for a township project in Bangalore.

It has already invested $ 225 million in five projects - one in Chennai and two each in Bangalore and Hyderabad.

The firm has also tied up with the Prestige Group for a $ 250 million township project in Bangalore.

The initial investment in the 800 acres Mega Township will be around $ 180 million, where Red Fort Capital will be put in $ 80 million and the remaining will be done by the Prestige Group.

Red Fort Capital has not yet decided about the final investment.

The proposed township would feature 1,000 units of low-cost mass housing for Rs 1,100 per sq ft on 25 acre of land.

This would be a mixed-use project; housing will include both, residential and commercial properties. The township will constitute about 2,000 residential units in total.

RFC has invested Rs 200 crore to purchase land for building middle class housing units for its Hyderabad Project.

The company is currently developing the second phase of the Commercial Tech Park in Bangalore. There is an investment 35 million dollar for the second phase in 2.2 million sq ft of land.
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