Aditya Birla Real Estate Fund looking to raise Rs1000 crore

Q: The company is planning to go ahead and start raising its 2nd fund early next year that will invest in residential projects.

Rithwik D, Pune

11th December 2015

Real estate News in Mumbai

investment

real estate

aditya birla real estate fund

sunteck realty ltd

funding

real estate fund raising

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I heard that Aditya Birla Real Estate Fund has dea. out Rs.1100 crore fund in its entire corpus across 13 transactions. The investment has been made in the form of equity through non-convertible debentures (NCDs).

Bulbul Verma,

11th December 2015

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Hello Bulbul,
With the Sunteck Realty deal, Aditya Birla Real Estate Fund has done 5 transactions that involve bulk buying of apartments.

Supratim,

11th December 2015

Now-a-days, a clutch of private equity funds have been buying apartments at discounts to market prices over the last year or so as residential sales continued to be slow and developers, in need of capital, were to sell apartments in bulk.

Bulbul Verma,

11th December 2015

@Bulbul,
Domestic capital is still easier to raise while raising offshore capital for residental projects remains a challenging and lengthy process. Offshore investors are directly typing up with developers here to invest and many of them remain keen to invest in rent generating office assets.

Ravindra Singh,

11th December 2015

Real estate fund-raising seems to be on in full steam, going by the number of funds which are on the road to raise money or are planning to do so next year.

One of the major deal, Aditya Birla Real Estate Fund has invested about Rs.90 crore in buying apartments in Signia Isles, a luxury residential project of Sunteck Realty Ltd in Mumbais Bandra-Kurla Complex.

Ravindra Singh,

11th December 2015

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