BlackSoil Realty Fund- I has completed its maiden investment of Rs 30 crore in real estate firm Sheth Developers through a mezzanine structure. The fund will focus on the Mumbai, Navi Mumbai and Thane real estate market. BlackSoil´s debut fund recently carried out its initial closing at Rs 129 crore and plans to invest the residual amount within the next one-and-a-half years. The fund will invest in five deals overall with an average transaction size of about Rs 20-40 crore each.
Contact: BlackSoil Realty Investment Advisors.
Tel: 022-3307 0082.