Red Fort Capital Advisors, a prominent name in the realm of international private equity, has ambitious plans to inject an additional $500 million into the Indian market over the next two years. Known for its strategic investments, the firm is keenly eyeing opportunities in growth sectors such as logistics, with a particular focus on warehousing in the near future. Presently, Red Fort boasts a real estate investment fund dedicated to India, which stands at $425 million, yet aims to expand this with its forthcoming investment.
Mr. Kuldip Chawlla, one of the firm's Directors, stated, “We are looking at housing projects, especially affordable ones, in the top 15 cities as well as re-development projects, especially in cities like Mumbai through this fund.” He elaborated further, pointing out that Red Fort Capital had already made a significant commitment of $250 million last year towards projects located in Chennai, Bangalore, and Hyderabad. The firm perceives affordable housing—targeting apartments with a size of 1,000 sq.ft. priced between Rs 10 and 25 lakhs—as a particularly promising growth segment in the ongoing economic landscape.