Fire Capital focusing on property development arm Astrum, looks to create exits from maiden realty fund

Fire Capital, which set up its property development arm Astrum Value Homes in a joint venture with a US-based PE group, is now focusing on building the project development platform while looking to create exits for its portfolio firms from the maiden realty fund.

In a conversation with VCCTV, Om Chaudhry, Founder and CEO, Fire Capital, talks about the change in strategy over time. "After raising $250 million in round one, we moved to the development side of real estate and will prefer a wait-and-watch mode when it comes to raising more money for commercial, retail and hospitality projects," he said.