Red Fort Capital to invest Rs 1000 crore in Lotus Greens

Lotus Greens, a diversified group with interest in real estate, hospitality, health care and education, has announced that Red Fort Capital, one of the leading Real Estate Private Equity firm, will be investing 1000 crores in various projects of Lotus Greens.

Commenting on the occasion, Mr. Nirmal Singh, Founder, Lotus Greens said, "We are happy to associate with Red Fort Capital which will invest an amount of Rs 1000 crore in our company. So far Red Fort Capital has already committed Rs 365 crore We will utilize this fund for development of our various projects in Delhi NCR region."

Mr. P Sahel, Vice Chairman, Lotus Greens said, "This is one of the largest private equity investments in Indian real estate in recent times and is a clear demonstration of Red Fort Capital's faith in long term growth prospects of Lotus Greens. Very soon we will launch our new township project in Gurgaon followed by group housing on Yamuna Expressway."

Source : Equity Bulls

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