Kotak forms $590 mn worth of investment platform with ADIA

22 Jun 2022 CW Team

Kotak Investment Advisors Limited (KIAL) told the media that it has successfully achieved the closure of its 12th Real Estate (RE) Fund for investments in office assets across India.

KIAL has formed a $590 million platform, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), for this fund to be domiciled in Gujarat International Finance Tech (GIFT) City.

KIAL has raised, managed or advised over $2.8 billion under its RE funding series.

CEO of Kotak RE Fund, Vikas Chimakurthy, said that it is the 12th real estate fund and extends a relationship with ADIA. The company have raised around $1 billion in realty in the last year.

He said that with multiple avenues for the exit of such portfolios and increasing liquidity of completed assets, the company plans to curate this portfolio to cater to the increasing demand for stabilised assets.

Managing Director of Kotak Investment Advisors Limited, Srini Sriniwasan, said that Kotak Alternate Assets is targeting to become a go-to alternative assets manager for global investors. It will expand the company's footprint in RE Investments.

He added that the GIFT regime and proactive regulator had made the process of pooling global capital in GIFT City flexible and smooth. It is the first capital that the company plans to raise this year to address various alternative investment opportunities in India.

Executive Director of the Real Estate Department at ADIA, Mohamed AlQubaisi, said that the new platform would focus on more opportunities in long-term demand for the Indian office segment, which is being driven by global firms to capitalise on the skilled workforce in the country.

He added that it would further allow the company to extend its relationship with Kotak.

Image Source

Also read: Kotak to launch $800 mn infra fund to invest in projects across India

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..

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..

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..