Milestone to launch third India real estate fund

"As far as the mentioned fund is concerned, Milestone Domestic Scheme III is the third in the series of domestic real estate funds which are managed by Milestone Capital Advisors," a company source confirmed to AVCJ. "It is completely focused on high-quality real estate developments which are either under construction or which are to be launched within six months.

"The focus would be on top-eight cities along with developers who have market expertise, construction management capability & good track record of project execution," the source continued, adding it is a $110 million vehicle with a fund life on three and a half years. The fund is currently being raised from a completely domestic investor base, and is expected to be closed by March.

Milestone Domestic Scheme III's predecessor, Milestone Domestic Scheme - II, was also raised from investors in India in rupee denomination. Its investment targets include quality affordable housing and strategic warehousing projects. According to the Milestone's website, the fund is currently into its investment stage.

 

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• Topics
• Real estate
• South Asia
• Milestone Capital Partners