Mt K Kapital has raised over INR 500 crore for its maiden real estate fund, targeting projects in the Mumbai Metropolitan Region (MMR). The fund focuses on quick turnaround residential developments with low equity investments, aiming for an internal rate of returns (IRRs) exceeding 25%. In collaboration with Keystone Realtors, it plans to invest in 10 to 12 redevelopment projects. The firm's founder, Binitha Dalal, highlights their commitment to channeling capital effectively in the real estate sector, backed by a SEBI-approved Category II Alternative Investment Fund license.
Alternative investment fund Mt K Kapital recently announced that it has successfully raised over INR 500 crore to invest in real estate projects within the Mumbai Metropolitan Region (MMR). In their statement, Mt K Kapital shared that this amount is part of their first fund, known as the Mt. K Resi Development Fund, which is a Category II SEBI-registered Alternative Investment Fund. The fund has attracted investment from prominent players such as SBI, ICICI Bank, Famy Care, and several high-net-worth individuals (HNIs).
Notably, over INR 300 crore has already been allocated to five projects in the Mumbai area, in collaboration with Keystone Realtors, which is part of the Rustomjee Group. Currently, the fund is utilizing its green shoe option and aims to finalize its close in the near future.Favorable macroeconomic conditions are expected to boost the real estate market, potentially pushing the anticipated internal rate of returns (IRRs) beyond 25%, according to the company.
Mt K Kapital's primary strategy focuses on rapid turnaround residential projects that require minimal equity investments. This approach allows investors to share in the profits generated from redevelopment assets throughout Mumbai. The Alternative Investment Fund (AIF) plans to invest in 10 to 12 projects across the Mumbai Metropolitan Region (MMR), specifically targeting redevelopment initiatives in partnership with the Rustomjee Group.
Boman Irani, the Chairman and Managing Director of Rustomjee Group, expressed that the Mt K platform is grounded in principles of transparency and alignment of interests between investors and developers. He added that they believe this structure will provide significant value to investors looking to benefit from the growth of real estate as a viable asset class.
Binitha Dalal, the founder and Managing Partner of Mt K Kapital, emphasized their commitment to directing the right capital into the real estate sector, stating that they have a unique market advantage and are optimistic about investment opportunities in the Mumbai Metropolitan Region (MMR). Mt K Kapital operates as a real estate-focused fund management company and holds a SEBI-approved Category II Alternative Investment Fund license.
Mt K Kapital is strategically positioned to leverage favorable macroeconomic conditions and a robust pipeline of redevelopment projects in the Mumbai Metropolitan Region. With a focus on quick turnaround residential developments and a commitment to transparency and alignment of interests, the fund aims to deliver substantial returns for its investors. As it continues to attract notable investments and finalize its project commitments, Mt K Kapital is poised to play a significant role in the growth of the real estate market, highlighting the potential for lucrative opportunities within this asset class.
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