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Press Release Thursday, July 31, 2008

Red Fort Capital ties up with Godrej Properties Enters Kolkata market with an investment in Godrej Genesis IT park

From correspondents in Maharashtra, India, 10:54 PM IST

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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