PE funds
An estimated value of Rs.400 crore has been raised in the initial close of Reliance AIF Asset Management Co. Ltd.’s first real estate fund scheme. On the 1st of August, Reliance Yield Maximiser Alternative Investment Fund Scheme first came into being. The Reliance AIF is a 100% subsidiary of the Reliance Capital Asset Management Limited [...] 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 »
There were more than half a dozen of PE fans who were about to begin a process so that a total of 2 billion dollars could be raised. This will be taken from the local as well as the foreign investors. There were a minimum of four established PE funds which began their conversation with [...] Continue Reading »
Contrary to popular perception, especially when the real estate market is showing clear signs of sluggishness, private equity (PE) funds have been exiting their investments and making good returns. A recent report by Brookfield Financials revealed that, until March 2014, nearly a fifth of the total institutional private equity was exited by PE funds. Principal [...] Continue Reading »
Even though the market sentiment and the stock market has improved after the formation of the new Modi led government and the manufacturing and service sector is hopeful about the rising GDP, the private equity (PE) firms are still playing safe. They are cautious about the return on investment expectations and exit from old investments [...] Continue Reading »
Essel Financial Advisors and Managers (EFAM), the private equity arm of Essel Finance, is making two real estate-focused funds – a domestic fund of Rs 500 crore and a foreign fund of $200 million (Rs 1,200 crore).The focus of both the funds will be on investing in residential projects in top six cities in the [...] 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 »
According to the section 185 of the Companies Act 2013, a company cannot give loans to (or provide security on a loan taken by) a person in whom its director is interested. Such a director could mean a director of a lending company or its holding firm, or a partner or relative of any such [...] Continue Reading »
In one of the first real estate sentiment indices, Industry body FICCI and residential and commercial property consultancy, Knight Frank India have concluded an overall negative sentiment for realty across all zones including the National Capital Region (NCR) and Mumbai Metropolitan Region (MMR). The index further cited that the mood have got worse than what it was in the last [...] Continue Reading »
The regulator for the securities market in India, Security and Exchange Board of India (SEBI), has allowed 12 new units to set up Alternative Investment Funds (AIFs). An AIF is a new set of pooled-in investment vehicles for real estate, private equity and hedge funds, in the last two months of October and November 2012. [...] Continue Reading »
