Integrow AMC looks to mop up 15000 mn for office realty fund
Real Estate

Integrow AMC looks to mop up 15000 mn for office realty fund

Integrow Asset Management, a real estate-focused alternative asset management firm, intends to raise more than $15,000 million through a commercial real estate fund to invest in India's top six property markets. The alternate investment fund under category I1 will invest in pre-leased and income-producing assets in Mumbai, Pune, Hyderabad, Bengaluru, Chennai, and the Delhi-National Capital Region.

Integrow Asset Management would be able to construct an investment portfolio worth over 74,000 crores, including leverage possibilities, thanks to the fund. It just gained approval from capital market regulator Sebi for the fund and plans to raise the corpus by the end of this year.

Ashish Mundada, who was recently hired by the business, will lead the new commercial property fund. His almost 20-year career includes a substantial period as director and co-founder of the private debt (infrastructure) platform at global investment firm BlackRock's New York office.

The proposed India Grade A Office Fund will establish Integrow Asset Management India's only real estate-focused multi-fund institution. Create portfolios that include both residential and commercial property. The company has previously formed a residential real estate fund of 71,000 crore in June 2022 and has started investing through it in housing projects in Mumbai, Pune, and other significant cities.

Integrow Asset Management, a real estate-focused alternative asset management firm, intends to raise more than $15,000 million through a commercial real estate fund to invest in India's top six property markets. The alternate investment fund under category I1 will invest in pre-leased and income-producing assets in Mumbai, Pune, Hyderabad, Bengaluru, Chennai, and the Delhi-National Capital Region. Integrow Asset Management would be able to construct an investment portfolio worth over 74,000 crores, including leverage possibilities, thanks to the fund. It just gained approval from capital market regulator Sebi for the fund and plans to raise the corpus by the end of this year. Ashish Mundada, who was recently hired by the business, will lead the new commercial property fund. His almost 20-year career includes a substantial period as director and co-founder of the private debt (infrastructure) platform at global investment firm BlackRock's New York office. The proposed India Grade A Office Fund will establish Integrow Asset Management India's only real estate-focused multi-fund institution. Create portfolios that include both residential and commercial property. The company has previously formed a residential real estate fund of 71,000 crore in June 2022 and has started investing through it in housing projects in Mumbai, Pune, and other significant cities.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?