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

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..