The Godrej Genesis project is an IT Park located in the heart of Kolkata’s Salt Lake Sector V, nestled between the international airport and the city center and will be developed over a span of three years.

Speaking at the announcement, Parry Singh, Managing Director, Red Fort Capital said, “It is our pleasure to partner with Godrej Properties Limited which is one of the leading real estate development companies operating in the country. This investment is our first real estate investment in the Kolkata market and we aim to broaden our investment program here.”

“Red Fort Capital continues to evaluate and invest in commercial and residential projects in key locations in Tier 1 and 2 cities. As a business strategy for the year, we are planning to invest in various projects across India over the next two years”, he further added.

“We are happy to be associated with Red Fort Capital for Godrej Genesis. They have wide experience and expertise of the real estate industry” said Mr. Adi Godrej, Chairman, Godrej Properties Ltd.

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About Red Fort Capital

Red Fort Capital is an international private equity firm with a focus on value-added real estate investments in India. Their investors include pedigreed international governments, pension plans, insurance companies, foundations, and endowments. In 2007, they have already committed over to a number of land and real estate projects worth over Rs 7,500 crores in residential, township, and office parks in India, partnering with leading developers in India like the Bangalore-based Prestige Group and Indu Projects in Hyderabad. Red Fort invests alongside leading developers in real estate projects, and acquires land for development in the residential, office, retail, hospitality and infrastructure sectors. Their investments take the form of joint ventures, joint developments, equity, and mezzanine capital.

Red Fort was also ranked among the world’s top 10 Emerging Private Equity Real Estate players in the prestigious PERE (Private Equity Real Estate) Magazine’s.

About Godrej Properties Limited

Godrej Properties Limited is part of the Godrej group of companies, which is one of the leading conglomerates in India. “Godrej” brand is easily recognizable in the country due to its long presence in the Indian market, the diversified businesses in which the Godrej group operates and the trust it has developed over 111 years of operations.

Godrej Properties currently has projects in 11 cities across India and total land reserves of 404 acres, aggregating to approximately 78.87 million sq. feet of developable area.

Disclaimer: “Godrej Properties Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Herring Prospectus with SEBI. The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.icicisecurities.com and www.kotak.com.

Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the aforementioned Draft Red Herring Prospectus.”