Milestone invests Rs 110cr in Godrej property in Kolkata

Milestone Real Estate Fund has invested Rs 110 cr into a residential project to be developed by Godrej Properties in Kolkota, a release from Milestone said.

Though Milestone did not disclose the percentage of stake picked by itself, it said that both iself and Godrej will jointly develop 3 million square feet of residential property, it said.

After a long lull in private equity deals in real estate, the action seems to be hotting up with recently Red Fort Capital saying that it has bought additional 4 per cent stake in Parsvnath's premium project in Delhi.