Kotak Realty Fund
Realty firm Parsvnath Developers has sold 140-acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects. With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012. [...] Continue Reading »
Kotak Realty Fund is all set to sell its luxury golf villa project near Sarjapur Road in Bangalore for an undisclosed sum. This will be bought by the realty firm Assetz Homes Pvt. Ltd and real estate private equity firm Avenue Venture Partners LLP. The project, Clover Greens, has an 18-hole operational golf course and will [...] Continue Reading »
The new government is finally focused on providing housing options for all, and this is precisely what is drawing prominent foreign and domestic investors to display interest in the Indian real estate market. Data from VCCEdge has illustrated that last years Indian real estate private equity funds from the international market amounted close to $370 [...] Continue Reading »
Post the budget session, it is clear that the Modi government will provide all sorts of support to Foreign Direct Investment (FDI). The Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors. VCCEdge, the financial research platform of The VCCircle Network has released a data which shows [...] Continue Reading »
Kotak Realty Fund has made its very first investment from its latest offshore fund of $392 million, in a residential project being developed by Mumbai-based realty firm Nirmal Group. The project is in the early stages, with construction work not underway yet, in suburban Mulund. Kotak Realty Fund has chosen the structured finance route – [...] Continue Reading »
Kotak Realty Fund, a part of the Kotak Mahindra Group, has made the first investment from its newly raised $392 million offshore fund in a residential project in Mumbai. Kotak has invested Rs.300 crore in Mumbai-based real estate firm Nirmal Group’s project in suburban Mulund. The investment has been done through the structured finance route. [...] Continue Reading »
Private equity (PE) funds in India are looking to portfolios of income-producing real estate assets as the country prepares to allow listing of real estate investment trusts (REITs). Redfort Capital, Golden Estates, Kotak Realty Fund and Blackstone Group are few of the PE firms planning to invest in such assets. REIT is a type of [...] Continue Reading »
Mumbai: Redevelopment seems to be a logical solution to meet the housing need of Mumbai city. This solution can also become a boon to improve physical and civic infrastructure of the city. The new DCR rules allows FSI of 4 for all cluster redevelopment in the specific areas of MMR (Mumbai Metropolitan Region), which is [...] Continue Reading »
A disputed property has recently got investment by Kotak Realty Fund (KRF), a division of Kotak Investment Advisors Ltd. The realty fund has made an investment of around Rs 125 crore on a 36 acres of residential development near Yeor Hills in Thane. The Ravechi property developer, Tulsidas Bhimjyani, got the investment after he paid [...] Continue Reading »
Kotak Realty Funds,the real estate private equity fund of Kotak Mahindra Group, has entered into a joint venture with Chennai-based Akshaya Homes. The joint venture has been formed for construction of residential units on a 20-acre plot off Chennais Old Mahabalipuram road. It is a revenue-share venture, where Kotak will hold 20% stake while Akshaya [...] Continue Reading »
