Kotak & ADIA set up a platform to invest in office assets

22 Jun 2022 CW Team

Kotak Investment Advisors (KIAL) received the closure of their 12th Real Estate Fund, for several investments in office assets in the country. KIAL formed a $ 590 million platform with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for this fund and would be domiciled in GIFT City, in the state of Gujarat.

With the help of the new Fund, KIAL raised, managed, or even advised over $ 2.8 billion under the real estate fund series.

Vikas Chimakurthy, the CEO, of Kotak Realty Fund, said that with the closure of the real estate fund, they have raised approximately $ 1 billion in real estate in the past year. Solid demand for offshoring, back to office increase, hike in the services industry, and the Indian economy has witnessed substantial scope to create a portfolio of quality office assets.

Having multiple avenues for the exit of these portfolios and augmenting the liquidity of completed assets, they intend to curate the portfolio to meet the increasing demand for stabilised assets.

Srini Sriniwasan, managing director, Kotak Investment Advisors said that this pool of equity capital expands their footprint in real estate Investments by having a focused strategy. This is the first of many up coming pools of capital that they intend on raising this year to address various alternative Investment opportunities in the country.

Image Source

Also read: LIT conducts draw of flats under Atal Apartments scheme

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..