Red Fort Capital to launch Rs.1000 crore Domestic Land Banking Fund

To invest in projects worth over 5,000 cores in next one year

Red Fort Capital, one of India’s leading international private equity real estate firms, has launched its first domestic fund for Rs. 1000 crore targeting land level deals. The by-invitation only fund will focus on land and realty projects worth over Rs. 5000 crores over the next one year. The investment will be in under-valued land for residential, commercial, IT, retail and hospitality projects. The fund will focus on key cities across India, such as re-development projects in Mumbai, affordable housing and land in key urban centres, providing investors a diversified exposure to land appreciation.

Red Fort Capital is one of India’s most successful real estate managers with an established record of land banking, having already invested in projects worth over Rs 7,500 crores in 2007.

Speaking at the announcement Subhash Bedi, Director, Red Fort Capital Advisors said, “The launch of our domestic fund is in line with Red Fort Capital’s expansion plans for India. We will invest in attractive locations and markets which demonstrate high underlying employment and income growth. The India growth story and the multiplier effect of real estate offer tremendous opportunity for domestic investors. We are putting our own capital alongside investors in this exciting new venture. The fund will focus more on land banking and land acquisition, which is the key to high investment returns in the real estate sector.”

About Red Fort Capital

Red Fort Capital is an international private equity firm with a focus on value-added real estate investments in India. Their investors include pedigreed international governments, pension plans, insurance companies, foundations, and endowments. In 2007, they have already committed over to a number of land and real estate projects worth over Rs 7,500 crores in residential, township, and office parks in India, partnering with leading developers in India like the Bangalore-based Prestige Group and Indu Projects in Hyderabad. Red Fort invests alongside leading developers in real estate projects, and acquires land for development in the residential, office, retail, hospitality and infrastructure sectors. Their investments take the form of joint ventures, joint developments, equity, and mezzanine capital.

Red Fort Capital is a unique investment management firm with professionals that have over hundred years of real estate and investment experience combining Indian and international real estate development, research, finance, private equity and capital market expertise. Their extensive experience encompasses all major property types– office, residential, townships, industrial, retail, hospitality and infrastructure.

Mr. G.B. Singh, Chairman and Managing Director, Red Fort Capital Advisors, and former Board member of DLF Universal, has over 30 years of experience in the Indian real estate industry having developed over 55 million square feet, including marquee projects like the Bahai temple in New Delhi and low cost housing developments for which he has patented the construction material. His prior experience includes CEO and President of the Construction Division, DLF Universal where he oversaw the construction and development of DLF’s residential and commercial projects and townships, and Larsen & Toubro, where he managed over 100 projects a year in India and Asia.