Mumbai: Milestone capital Advisors Ltd. has announced that they will exit from its investments of Rs 700 crore made in various real estate projects. Milestone will concentrate on exits since it is trying to push its business back on the track. Decision of exiting from investments was made by Rubi Arya who owns about 90 per cent shares of the firm.The firm has returned about Rs 970 crore to investors and is planning to exit from Rs 700 crore investments in the next six month.Explaining in an interview Ruby Arya said, “The firm is very clear about exits from its various investments. We have returned large amounts in past two years and in next month we are expecting to raise about Rs 700 crore through planned exits.”Milestone group has about Rs 4000 crore of overall assets under Milestone management out of which real estate contributes for about Rs 3000 crore.One of the exits will include the Blackstone Group LP’s purchase of an office park from HCC Real Estate Ltd and IL&FS Milestone in the Suburban Mumbai. Milestone had 74 percent stakes in the office park and the deal would be worth about Rs 1001 crore.The firm is also planning to raise another fund of Rs 300-500 crore from realty fund. The company has finalized the deal to sell its stake in a mall and several warehouses. The firm is also focusing on the residential investment exits from various residential projects.займ на карту без отказов круглосуточновзять кредит онлайн