Reliance Portfolio Management Services plans to raise over 1000 cr for realty projects

Q: As per the top company official, RPMS, part of Reliance Capital Asset Management, is planning to raise over Rs 1000 crore from the domestic market to invest in real estate projects across the country.

Abhishek,

26th August 2015

Real estate News in Mumbai

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Replies (3)

Yes, and we all know that demand for financing from real estate developers has been on the rise in the backdrop of inactive sales. The current story of realty market has offered an opportunity for private equity players and non-banking financial companies to invest in realty projects and bargain for better returns.

Abhishek,

26th August 2015

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Blkul sahi kaha Abhishek.......Many private equity players are currently considering raising or are already in the market to raise funds as the current real estate story is being seen as an opportune time to invest in real estate.

Kaushik Bardia,

26th August 2015

Hi Everybody,
As per the company official, the fund, which will be launched in a week's time, will invest primarily in residential projects in top 5 property markets including Mumbai, Delhi-NCR, Bengaluru, Pune and Chennai.

Abhishek,

26th August 2015

Comment

It's true.......Abhishek
Under the Alternative Investment Fund policy, Reliance Portfolio Management Services is aiming returns of 21-22.7%, while returns from other formats have been in the range of 21-24%.

Miraniyatin, Mumbai

26th August 2015

It is heard that the fund house has already raised and expanded over Rs 2050 cr in the last 3 & 1/2 yrs. The company has exited 21 deals and has returned over Rs 1100 cr to its investors of the total 36 investments made through structured debt, .

Kaushik Bardia,

26th August 2015

Do you know that out of total 8 transactions through the recently gathered fund, 4 are invested in the Bengaluru property market, while 2 investments each are made in Mumbai and Chennai. The fund house has also concluded talks with a Gurgaon based developer for its next investment. In spite of that, it is yet to pay out the committed investment amount.

Miraniyatin, Mumbai

26th August 2015

The proposed fund is being launched after it raised Rs 720 crore a month ago from family offices and high networth individuals under its first Alternative Investment Funds category II offering. Reliance PMS has already handed over over Rs 350 crore of this fund through 8 transactions.

Kaushik Bardia,

26th August 2015

Comment

Right kaushik,
It is the result of their 1st Alternative Investment Fund that ended recently and the existing solid deal pipeline has enforced them to think about raising the 2nd fund. They have material visibility on investment opportunities available in the real estate sector right now.

Miraniyatin, Mumbai

26th August 2015