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
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?