Milestone Capital exits Godrej's Kolkata residential project.

Private equity player Milestone Capital Advisors recently said it has exited from a residential project of Godrej Properties, realising Rs. 200 crore.

The company has exited its investment in the 3 million sq ft residential project, Godrej Prakriti in Kolkata for Rs. 200 crore, it said in a statement.

Milestone had invested in the project, spread over 23 acres, through two of its development funds -Milestone Domestic Scheme I and II.

'At a realisation of Rs. 200 crore, this demonstrates yet another example of Milestone's full cycle capability of fund raising, deployment, nurture and exits,' Milestone Capital Advisors Vice Chairman and Director Rubi Arya said.

Earlier exits from these development funds include Platina, a mixed use premium commercial space in Gachibowli, Hyderabad at an investment multiple of 1.53 times and Belfort, a senior living project in Pondicherry at an investment multiple of 1.83 times, the statement said.

HBL