Mt K Kapital announces Rs 350 crore fundraise, to invest 50% in 3 realty projects in MMR
The fund aims to invest in 8-10 projects in the MMR region, with a focus on redevelopment with the Rustomjee Group as the Development Partner.
Anarock Group, a real estate services firm, played a key role in the fundraise and will continue to work jointly with Mt. K Kapital. The fund aims to invest in 8-10 projects in the Mumbai metropolitan area with a focus on redevelopment with Rustomjee Group as the development partner.
Around 50 percent of the raised funds are in the process of being committed towards three identified redevelopment projects in the Mumbai Metropolitan Region (MMR), including two in Bandra and one in Andheri with sale areas ranging from 0.5 to 1 lakh sq ft each.
The fund aims to invest in eight to 10 projects in the MMR, with a focus on redevelopment with the Rustomjee Group as the development partner. Mt K Resi Development Fund is Mt K Kapital’s ESG Impact Development Fund that provides the opportunity for investors to participate in the equity returns of real estate projects with a marquee developer, said the firm in the statement.
“We are delighted to have reached this milestone of raising Rs 350 crore from investors who are not just industry stalwarts, but also long-term visionaries, who have partnered with us in our journey. We are fortunate to be backed by Rustomjee and our intention is to bring the right kind of capital to the real estate sector in times to come,” Binitha Dalal, founder and managing partner at Mt K Kapital, said.
“We are also privileged to have anchors like Famy Care and SBI join us in this journey. The positive response towards the fund only strengthens our belief in building the platform as a differentiator and we hope to reach our goal of being one of the premier real estate fund management companies in the future.”
Mt K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund license, that will invest in real estate projects across the spectrum. The company’s long-term vision is to become India’s largest real estate fund management platform.
Source: Moneycontrol
Around 50 percent of the raised funds are in the process of being committed towards three identified redevelopment projects in the Mumbai Metropolitan Region (MMR), including two in Bandra and one in Andheri with sale areas ranging from 0.5 to 1 lakh sq ft each.
The fund aims to invest in eight to 10 projects in the MMR, with a focus on redevelopment with the Rustomjee Group as the development partner. Mt K Resi Development Fund is Mt K Kapital’s ESG Impact Development Fund that provides the opportunity for investors to participate in the equity returns of real estate projects with a marquee developer, said the firm in the statement.
“We are delighted to have reached this milestone of raising Rs 350 crore from investors who are not just industry stalwarts, but also long-term visionaries, who have partnered with us in our journey. We are fortunate to be backed by Rustomjee and our intention is to bring the right kind of capital to the real estate sector in times to come,” Binitha Dalal, founder and managing partner at Mt K Kapital, said.
“We are also privileged to have anchors like Famy Care and SBI join us in this journey. The positive response towards the fund only strengthens our belief in building the platform as a differentiator and we hope to reach our goal of being one of the premier real estate fund management companies in the future.”
Mt K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund license, that will invest in real estate projects across the spectrum. The company’s long-term vision is to become India’s largest real estate fund management platform.
Source: Moneycontrol