Bangalore: FIRE Luxur Developers Pvt Ltd announced the launch of a foreign direct investment funded integrated satellite urban village over 210 acre, to be developed on the city outskirts, at a cost of $350 million.

The launch of phase-1 of this township “The Empyrean”, towards east of Whitefield, was announced at a press conference here. The township would be the largest low-rise residential development on the outskirts of the city, company officials said.

FIRE Luxur is a joint venture firm formed between FIRE Capital Fund, a private equity fund focused on Indian real estate, and Prabhu Ramachandran, director of The Nilgiris Group of Bangalore.

Source: The Financial Express

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