New Delhi-based realty funding company Red Fort Capital Advisors Pvt Ltd will float a Rs 800 crore fund to finance real estate development projects in India. "The corpus will be mobilised from high net-worth individuals and corporates within India," Parry Singh, director of the company, told the media here. According to him, the money will be raised by the end of this month and investments out of it will be made from March. Meanwhile, the company has invested around $300 million out of its $400-million fund called Red Fort India Real Estate Fund I, which raised money through foreign direct investments. The company has invested in three projects in Bangalore and in a township project in Hyderabad.The company has also bought 10 acres in Chennai for an undisclosed sum. While the company has decided to build residential apartments here for the middle-income group, it is yet to zero in on a developer. It plans to invest around $100 million in the Chennai market.   more »