01
Chennai, May 17th, 2013: Casa Grande Pvt. Ltd., one of Chennai?s leading premium real estate enterprises today announced that Avenue Ventures Real estate Fund, Mumbai has invested `25 Crore at Project level. This is the first tranche of investment out of the total planned investments of `55 Crore.
Casa Grande is a real estate company based out of Chennai started in year 2004, with spreads to Coimbatore and Bangalore. Casa Grande has developed 2.5 Million sq.ft across 32 projects and has a projected pipeline of `1,000crores for this fiscal.
Avenue Ventures is a Mumbai based Real Estate Fund focused on investments in residential projects with developers having a good growth trajectory in western and southern India.
The proposed luxury apartment project is a 2.4 Lakh sq.ft apartment complex with all lifestyle amenities and features coming up in Thoraipakkam, OMR. The project is conceived to have a contemporary architecture with prominence for significant community spaces that make enriching living experience.
Speaking on the investment Mr. Arun Kumar, Founder and Managing Director, Casa Grande Private Limited said "We are happy to be associated with Avenue Venture and believe that we will provide a good investment platform for the PE investor. Avenue Venture partner has invested at project level and the Project is strategically located in Thoraipakkam which is the most sort-out locations on OMR."
Image
