Silver Realties & Infrastructure Pvt. Ltd. (SRIPL) - a joint venture between FIRE Capital and M Jhaveri Group, 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 20 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 etc. are a few of his prominent developments in Indore. His extensive experience includes residential sales, commercial sales and leasing and retailing of properties. His experience in developing townships has been instrumental in getting permits and approvals on building plans and has facilitated completion of legal formalities such as inspections and certificates of occupancy.

FIRE Capital Fund Pvt. Ltd. is the country’s first private equity fund for real estate, with funds from the USA. The group is planning integrated township projects across the length and breath of India including Bangalore, Chennai, Kolkata, Hyderabad, Indore, Pune, Nagpur, Jaipur, Chandigarh, Dehradun and Bhubaneshwar.

FIRE Capital Fund 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 centres etc.