Red Fort Capital Advisors, a real estate private equity fund, plans to invest as much as $1bn in India’s property market over the next few years to tap demand in the world’s second-fastest growing major economy.

The firm has invested $400m since 2007, mainly in residential projects, and may consider investing in offices, hotels and shopping malls, Managing Director Subhash Bedi said in an interview in Mumbai yesterday.

bloomberg.com