Kotak eyes $1 bn fund to invest in residential market in five cities
Real Estate

Kotak eyes $1 bn fund to invest in residential market in five cities

Kotak Investment Advisors, backed by Asia's richest banker Uday Kotak, is trying to raise $1 billion for a new fund focused on residential real estate in India. The Abu Dhabi Investment Authority may contribute $500 million to the property fund, while Allianz SE may contribute $220 million. For the fundraising, Kotak Investment is also in advanced talks with additional investors. According to the individual, Kotak Investment intends to finish its fundraising by the end of this year and to begin investing in residential property in India's top five cities in 2023. Deliberations are still ongoing, and factors like as size and investor lineup may change.

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Kotak Investment Advisors, backed by Asia's richest banker Uday Kotak, is trying to raise $1 billion for a new fund focused on residential real estate in India. The Abu Dhabi Investment Authority may contribute $500 million to the property fund, while Allianz SE may contribute $220 million. For the fundraising, Kotak Investment is also in advanced talks with additional investors. According to the individual, Kotak Investment intends to finish its fundraising by the end of this year and to begin investing in residential property in India's top five cities in 2023. Deliberations are still ongoing, and factors like as size and investor lineup may change. Also Read Dubai mansion in ultra-luxury Palm Jumeirah sold for $82.4 mn! Key Hyderabad road to get a makeover for Formula E race

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Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

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