Amplus real estate fund invests Rs. 37 cr in Bengaluru project.

Ahmedabad-based real estate fund Amplus Capital Advisors Pvt. Ltd. announced an investment of $ 6 million (Rs. 37 crore roughly) in Jain Heights And Structures Pvt. Ltd., a Bengaluru based real estate developer.

Jain Heights and Structures Pvt. Ltd. has raised the $ 6 million amount from Amplus Capital Advisors Pvt. Ltd. for its upcoming residential project in North Bengaluru.

Amplus is a private equity advisory company promoted by a group of entrepreneurs and professionals such as Sanjay Lalbhai, CMD of Arvind Ltd. in his personal capacity and leading tax and financial advisory - Chartered Accountancy firm in India, GK Choksi & Company.

Founded in 2007, Jain Heights has five upcoming projects comprising 1.5 million sq ft of space under various stages of development. The company, in its earlier projects has raised funds from Reliance Capital and Milestone whereas Sprout Capital Advisors LLP advised Jain Heights & Structures Pvt. Ltd.

BS