<article>Realty-focused private equity firm <a href="https://www.dealstreetasia.com/?s=Milestone+Capital" target="_blank" rel="noopener">Milestone Capital</a> is planning to raise a Rs 1,000 crore ($154 million) logistics fund, according to a daily financial newspaper.</article>

Realty-focused private equity firm <a href="https://www.dealstreetasia.com/?s=Milestone+Capital" target="_blank" rel="noopener">Milestone Capital</a> is planning to raise a Rs 1,000 crore ($154 million) logistics fund, according to a daily financial newspaper.
The fund will invest in warehousing and industrial assets and target developing around 6 million sq ft of integrated logistics parks across the Mumbai Metropolitan Region, Pune, Delhi-NCR, Chennai, Kolkata, Bangalore, Hyderabad and Ahmedabad, The Economic Times <a href="https://economictimes.indiatimes.com/industry/banking/finance/milestone-capital-looks-to-raise-up-to-rs-1000-crore/articleshow/61124206.cms" target="_blank" rel="noopener">reported</a>.
Both domestic and overseas investors will participate in the fund which is expected to launch by the end of March 2018.
At the time of writing, DEALSTREETASIA had not received a response from Milestone Capital to its emailed query about the fund.
In the past, Milestone Capital has developed a total of 2.6 million sq ft across three logistics parks including Bhiwandi near Mumbai in 2008, Kheda near Ahmedabad, and Dharuhera near Delhi.
“With the implementation of the Goods &amp; Services Tax, Indian logistics sector is likely to undergo an unprecedented transformation and more institutional investment will flow into warehousing. The industry had stalled the building of new assets as it was waiting for GST to roll on. Post this biggest tax reform ever in India, there is a renewed interest and activities that has spurred the stakeholders,” Rubi Arya, executive vice-chairman of Milestone Capital Advisors, was quoted as saying by The Economic Times.
Formed in 2007, Milestone Capital is a privately held alternative investment advisory firm. It has now fully exited five of its earlier funds, earning a total of over Rs 4,000 crore.
Also Read:
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/milestone-capital-72235-72235/" target="_blank" rel="noopener">Exclusive: Milestone Capital raises $31m so far for commercial realty fund</a>

The new Milestone Capital fund will invest in warehousing and industrial assets and target developing around 6 million sq ft of integrated logistics parks.

India: Milestone Capital to raise $154m logistics fund

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

India: Milestone Capital to raise $154m logistics fund

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief