The exits come in the wake of the recovering commercial property market and its maturing structured debt investments in residential projects.
The firm is working on 15 exits, and expects the deals to conclude in one year, the report said, quoting Rubi Arya, executive vice chairman, Milestone Capital.
The fund is in advanced talks to exit its investments in Electronic City Tower II in Bengaluru and two warehousing projects in Dharuhera in the National Capital Region and Bhiwandi near Mumbai.
Apart from office and warehousing projects, the fund is also looking to exit residential assets, where it has invested through structured debt transactions.
In the past one and a half years, Milestone Capital has made exits worth Rs 1,700 crore across 20 transactions valued at 18-22% returns across seven funds.
Last year, it exited a 1.2-million-sq-ft commercial asset 247 Park in the Vikhroli suburb of Mumbai which it sold to Blackstone Group for Rs 1,060 crore. It exited with returns of 2.4 times its investments.
The fund is currently raising its eighth real estate fund in the domestic market, and according to Arya, the new fund has received commitments worth Rs 150 crore from large insurance companies, corporates, family offices and ultra-high networth individuals.