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.

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

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

Next Story
Infrastructure Urban

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's  fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building  (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous  Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in  Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant  advancement in the company's commitment to engineered performance, manu..

Next Story
Infrastructure Urban

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Next Story
Infrastructure Urban

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App