Poddar Keventer Capital Advisors launches Rs 400 crore real estate AIF
Based on · First reported
Sources
- Poddar Keventer Capital Advisors announced plans to raise up to Rs 400 crore for its first Category II alternative investment fund, with a possible expansion to Rs 600 crore via a Rs 200 crore greenshoe option. The sponsors have already committed 20% of the target corpus, amounting to Rs 80 crore, and the fund will focus on a secured real‑estate debt strategy in Delhi‑NCR and West Bengal. The joint venture associated with the fund aims to develop 11‑12 million square feet of projects in Kolkata and Delhi over the next six years.
- Investors in the fund can expect exposure to debt‑financed real‑estate projects, leveraging the sponsors' capital commitment and the planned expansion of the fund's size. The targeted development footprint reflects a strategic focus on high‑growth markets in eastern and northern India, potentially influencing financing dynamics for large‑scale property projects in those regions.
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