JM Financial Launches Rs 10bn Early-Stage Realty AIF

23 Dec 2025 CW Team

Amitabh Mohanty, Managing Director and Chief Executive Officer of JM Financial Asset Management, said the objective is to build a comprehensive AIF ecosystem to support India’s next phase of enterprise growth, with thematic, real asset-backed strategies focused on non-traditional opportunities. The platform will offer specialised pools of capital across credit, real estate and pre-IPO investments.

The newly launched early-stage real estate fund leverages the group’s decade-long experience in managing real estate credit and seeks to bridge the capital shortfall faced by developers as traditional lenders remain constrained by regulations. The fund is targeting a first close of about Rs 5 billion, with proceeds to be deployed as debt capital to established developers in metro cities for land acquisition and approval-related costs.

According to Mohanty, the fund has attracted strong interest from institutional investors as well as high-net-worth individuals and family offices. In parallel, the asset manager has filed applications with Securities and Exchange Board of India for its maiden pre-IPO fund and a follow-on performing credit fund. The pre-IPO strategy will invest in companies with an 18-month runway to listing, up to the anchor book stage.

JM Financial’s first performing credit fund is on track to deliver returns in line with its stated objectives, with several investments already exited. Mohanty said alternatives will remain a priority for the group, with continued investment in specialist teams, risk management, due diligence and investor experience to meet rising demand for flexible capital.

JM Financial Asset Management Company is expanding its alternatives platform with the launch of an early-stage real estate Alternative Investment Fund (AIF) targeting Rs 10 billion, aimed at addressing financing gaps in the property sector. Amitabh Mohanty, Managing Director and Chief Executive Officer of JM Financial Asset Management, said the objective is to build a comprehensive AIF ecosystem to support India’s next phase of enterprise growth, with thematic, real asset-backed strategies focused on non-traditional opportunities. The platform will offer specialised pools of capital across credit, real estate and pre-IPO investments. The newly launched early-stage real estate fund leverages the group’s decade-long experience in managing real estate credit and seeks to bridge the capital shortfall faced by developers as traditional lenders remain constrained by regulations. The fund is targeting a first close of about Rs 5 billion, with proceeds to be deployed as debt capital to established developers in metro cities for land acquisition and approval-related costs. According to Mohanty, the fund has attracted strong interest from institutional investors as well as high-net-worth individuals and family offices. In parallel, the asset manager has filed applications with Securities and Exchange Board of India for its maiden pre-IPO fund and a follow-on performing credit fund. The pre-IPO strategy will invest in companies with an 18-month runway to listing, up to the anchor book stage. JM Financial’s first performing credit fund is on track to deliver returns in line with its stated objectives, with several investments already exited. Mohanty said alternatives will remain a priority for the group, with continued investment in specialist teams, risk management, due diligence and investor experience to meet rising demand for flexible capital.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..