Arvind Mills and Shriram to invest Rs.70 cr

01 Aug 2014 Editorial Team

Arvind Mills is all set to enter the real estate business. After brining in premium brands such as Flying Machine, Excalibur and retail chain Megamart, the company has now tied up with Shriram Properties to provide Rs 70 crore in funding for two premium residential projects in Bengaluru. The fund will be mobilised from Arvind Mills麓 maiden real estate private equity fund, called Amplus Realty Fund. Currently, the fund has tied up commitments of Rs 150 crore for investments in residential projects across four cities such as Bengaluru, Chennai, Ahmedabad and Mumbai.

Contact: Shriram Properties.
Tel: 080-4022 9999.
Fax: 080-4123 6222.
Website: www.shriramproperties.com

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