கோயம்புத்தூர் நேரலை - இது கோவையின் இதயதுடிப்பு
IL & FS Investment Managers and Milestone Group have launched IL & FS-Milestone Fund – I, an yield driven real estate fund.According to Ved Prakash Arya, Managing Director of Milestone Capital, the minimum investment for corporates is Rs. 1 crore and for individuals it is Rs. 10 lakh. They can go in for 30 per cent upfront investment and balance 70 per cent in two instalments within 12 months.The target size of the fund is Rs. 1,000 crore and its life is four years and may be extended by two more years.The fund will be invested in projects already developed and rented out. Hence, there is no development risk.The possible investment options are hotels, hospitals, IT projects, warehouses and commercial buildings.The fund will look at properties that can generate minimum 13 per cent yield a year.The annual yield (pre tax) will be 11 per cent with quarterly distribution.
Related Posts by Categories
IL & FS Investment Managers and Milestone Group have launched IL & FS-Milestone Fund – I, an yield driven real estate fund.According to Ved Prakash Arya, Managing Director of Milestone Capital, the minimum investment for corporates is Rs. 1 crore and for individuals it is Rs. 10 lakh. They can go in for 30 per cent upfront investment and balance 70 per cent in two instalments within 12 months.The target size of the fund is Rs. 1,000 crore and its life is four years and may be extended by two more years.The fund will be invested in projects already developed and rented out. Hence, there is no development risk.The possible investment options are hotels, hospitals, IT projects, warehouses and commercial buildings.The fund will look at properties that can generate minimum 13 per cent yield a year.The annual yield (pre tax) will be 11 per cent with quarterly distribution. 
