Okas introduces second fund to invest in India’s real estate market
Real Estate

Okas introduces second fund to invest in India’s real estate market

Following the success of the firm's first fund, Okas, the DMI Group's real estate private equity arm, has launched its second real estate fund. The second $500 million fund's primary focus will be on delivering high-quality, affordable homes to India's growing middle class, as well as on building and leasing exceptional Grade A office space.

The first fund, which has 11 million square feet under development, has invested $250 million in 20 real estate projects in Gurgaon, Noida, Lucknow, and Bangalore.

NIS (New Investment Solutions), a Liechtenstein-based asset management firm that led the previous round in 2018, is the lead investor.

Shivashish Chatterjee, co-founder of DMI, commented, “A vibrant real estate sector with credible participants is critical for India to realize its goal of a $5 trillion economy in the near term. We are committed to deepening our engagement in both residential and commercial development with this second fund and grow the Okas and Pardos brands into symbols of reliability and quality for both households and companies.”

Yuvraja C Singh, co-founder of DMI, commented, “The customer for real estate in India has become more discerning and expects not only a top-quality product and timely delivery, but also transparency, consistency, and accountability. We are confident that we will be able to continue to create a new benchmark for quality with our upcoming work.”

See also:
Axis-Tishman Speyer's jv raises fund for commercial real estate
Motilal Oswal Alternates to launch funds worth around Rs 20 bn


Following the success of the firm's first fund, Okas, the DMI Group's real estate private equity arm, has launched its second real estate fund. The second $500 million fund's primary focus will be on delivering high-quality, affordable homes to India's growing middle class, as well as on building and leasing exceptional Grade A office space. The first fund, which has 11 million square feet under development, has invested $250 million in 20 real estate projects in Gurgaon, Noida, Lucknow, and Bangalore. NIS (New Investment Solutions), a Liechtenstein-based asset management firm that led the previous round in 2018, is the lead investor. Shivashish Chatterjee, co-founder of DMI, commented, “A vibrant real estate sector with credible participants is critical for India to realize its goal of a $5 trillion economy in the near term. We are committed to deepening our engagement in both residential and commercial development with this second fund and grow the Okas and Pardos brands into symbols of reliability and quality for both households and companies.” Yuvraja C Singh, co-founder of DMI, commented, “The customer for real estate in India has become more discerning and expects not only a top-quality product and timely delivery, but also transparency, consistency, and accountability. We are confident that we will be able to continue to create a new benchmark for quality with our upcoming work.” See also: Axis-Tishman Speyer's jv raises fund for commercial real estateMotilal Oswal Alternates to launch funds worth around Rs 20 bn

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

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, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?