Amplus Capital announces first closure

Amplus Realty Fund-II, the second real estate focused fund of the Lalbhai Group led Amplus Capital, announced the successful first closure with a total commitment of Rs 200 crore of the total targeted corpus of Rs 300 crore. The entire fund raising is expected to be wrapped up in a short period. The fund was launched recently and is among the few funds focused on early-stage equity investments in mid-sized residential real estate projects with an execution period of 36-42 months. The fund will invest for majority stake within a ticket size of Rs 20-40 crore per transaction in major metros. Contact: Amplus Realty Fund. Tel: 079-3013 7000. Website: www.ampluscapital.com