Millennium Spire invest fund at Coimbatore
Millennium Spire, a real estate investment fund, will pump in $ one billion in the sector across the country, a senior company executive said today.The company envisaged pan-India investment in excess of $ one billion in the foreseeable future and intends to accelerate allocations to opportunities in South India, with Coimbatore being a key focus geography, said the Managing Director of Millennium S pire Mr Ashish Balla.He said the company was not investing in land, but would fund infrastructure development projects on partnership basis. With regard to Coimbatore, Mr Balla said that one-fourth of the investment fund would be earmarked for the district for projects like an inner city mixed used project of landmark value and a knowledge based industrial township.
