RSACORP

EXORA • BIDADI • SARJAPUR ROAD

2.2 MILLION SFT TECHPARK • 800 ACRES LAND • 300 ACRES LAND

LAND • FINANCE

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In 2005 when FDI opened up in India for Real Estate, many foreign investors were keen to invest in projects and property development companies. A majority of them focussed on least risk routes and hence either invested at the holding level or at an SPV level on approved projects, RSA's view to most of these investors was to invest in land as the premiums on land were always way larger than the development premiums in India.

 

RSA was able to convince Redfort Capital, a billion dollar fund from the USA to invest in this direction and went on to setting up a partnership with Bengaluru's leading real estate developer Prestige to invest in several projects and locations with them. 

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RSA successfully closed three projects being a 22 acres land parcel on Sarjapur Marathalli Outer Ring Road which became the Exora business park, an 800 acres proposed golf city in Bidadi which eventually due to government uncertainties became a 110 acres land holding and finally the 300 acres Sarjapur Main Road land parcel for a township which today is over 220 acres and the most prime land holding.

 

All these projects have given Redfort a return of over 3-4x over their investment in less than a decade which by far has been the most successful investment done by any fund in India.