Milestone to invest in green housing in TN
Milestone Capital Advisors, an independent venture fund house focusing on real estate and headquartered in Washington, DC, USA, will invest up to Rs 1,200
crore in affordable, green housing in Tamil Nadu.
"Chennai and other cities like Coimbatore and Madurai offer among the most
exciting real estate investment opportunities in the country," Ved Prakash Arya,
Managing Director, Milestone Capital Advisors, said. "The trend indicates that
economic growth prospects of Chennai remain excellent. We believe that this will
also fuel a demand for residential space to the tune of 15-20 million sq. ft
over the next two to three years."
Talking about green housing, he said, "Chennai was the first city to make
rainwater harvesting compulsory for new residential projects. While eco-friendly
housing has become a buzzword, we believe that the real wave of green housing
will start from Chennai," Arya remarked.
— Pradip Bhattacharya
Contact: Milestone Capital Advisors, Senate II, The Orchid Hotel, 70/C,
Nehru Road, Vile Parle (E), Mumbai, Maharashtra 400099. Tel: 022-26164112/4113;
Fax: 022-26164112; E-mail firstname.lastname@example.org
[May 26-June 1, 2008]