Silver Realties & Infrastructure Pvt. Ltd. (SRIPL) – a joint venture between FIRE Capital Fund Mauritius Pvt. Ltd. & its Indian Partner and M Jhaveri Group of Indore- has been formed for the development of real estate projects in the state of Madhya Pradesh, with plans to develop townships, IT parks and retail malls.
The M Jhaveri Group has interests in real estate, finance, trading etc. and has been involved in real estate development in Indore for the last 25 years. The group has successfully developed more than 1 million square feet of commercial and residential space with over 200 acres of land as residential colonies, in a number of different venues. The group has continued to make a positive impact through all its projects and has utilized these experiences to benefit clients and associates. This characteristic of molding each situation into a successful transaction has enabled the group to emerge from the turbulent market of the late 1980’s, through the 1990’s, and into the 2000’s stronger than ever. It has also enabled the company to diversify its capital in the business ventures both inside and outside of real estate.
As a Founder and Chairman of M Jhaveri Group, Mr. Mukesh Zaveri has developed numerous landmark properties in Indore city. Nilgiri Towers, Silver Arc Plaza, Silver Arcade 56, Silver Stud, Silver Mall, Silver Oaks, Silver Palace, Silver Castle, Silver Enclave, Diamond Palace, Silver Woods, Silver Temple, Silver Nike tan Silver Mansions, Silver Star City, Silver Sky Park etc. are a few of his prominent developments in Indore.
FIRE Capital Fund Pvt. Ltd.(FIRE Capital) is the country’s first private equity fund for real estate, with funds from the USA. FIRE Capital is presently developing integrated township projects across the length and breadth of India and has created several joint venture companies across the country to deliver a total built-up area of approximately 50 million sq.ft. Under the leadership of its Founder & CEO Mr.Om Choudhary, FIRE Capital makes investments in SUVs (Satellite Urbane Villages)-development ventures of large integrated format, with residential verticals of mixed use, which go into creating self-contained communities. It has to its credit 5 large integrated projects viz. The Empyrean Nagpur, Silver Springs Indore, The Empyrean Bangalore, Indicity Jaipur, Kanopus Chennai.
FIRE Capital takes strategic equity positions in real estate development projects with active participation from initial stage of the project to completion. Investments are aimed at residential and multi-use development, the scope of which includes office complexes, software technology parks, retail malls, leisure and entertainment centers etc.