With the doom and gloom world over encompassing the real estate market, smart / shrewd players in real estate are moving in to take on stakes in markets with potential especially in Tier II cities in India. One such investment is being planned by Fire Capital, a global private equity fund. It is planning to invest up-to $500 million over the next five years in various tier II cities including Trichy. No specific project information is released . But even if the piece of the investment is small, it is an encouraging sign to see that Trichy figuring in such plans.
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