Mount K Kapital, the realty-focused investment platform backed by the Rustomjee Group, has raised its second real estate fund of about Rs 40 billion, marking a major scale-up in its investment strategy.

Binita Dalal, founder and managing partner, said the fund will finance 10–15 projects currently being identified across the Mumbai Metropolitan Region (MMR), Delhi-NCR, Bengaluru and Pune. The vehicle—supported by strong but undisclosed general and limited partners—will step in at the acquisition stage and continue funding through the development cycle in partnership with developers.

Dalal noted that the seven-year credit fund is focused on residential, mixed-use and redevelopment projects that can be completed within five years. “The deployment target for the new fund is early 2026, supported by a strong pipeline of projects currently under evaluation,” she said.

Meanwhile, Mount K Kapital is moving toward securing exits from its Rs 7.90-billion first fund over the next couple of years. That fund had attracted marquee institutional investors, including SBI, ICICI Bank, SBI Life, Famy Care and several family offices.

News source: Business Standard