Taurus, Sage Capital to raise Rs 5 bn real estate fund
Real Estate

Taurus, Sage Capital to raise Rs 5 bn real estate fund

Boston-headquartered Taurus Investment Holdings and its partner Sage Capital plan to raise a Rs 5 billion fund to invest in the real estate sector in India. The firms plan to focus on Tier 1 and high-growth Tier 2 cities in South and West India.

The companies plan to develop a portfolio of projects worth over $1 billion over the next five years.

“We are in the process of applying for SEBI (Securities and Exchange Board of India) approval for our AIF and have also started meeting investors in parallel,” said Ajay Prasad, managing director of Taurus Investment Holdings India. “The proposed real estate-focused fund aims to raise a total of $200-$250 million from foreign and domestic investors.”

Taurus Investment Holdings India had its fundraising plan on hold until now due to the Covid-19 pandemic and the resultant uncertainties in the market.

“The fund will invest in mixed-use, office and mid-scale residential projects in the Indian real estate market,” said Prasad.

The firm plans to focus on cities like Trivandrum, Visakhapatnam, Coimbatore, Bhubaneshwar and Trichy, among others.

Taurus is currently developing a 5.5 million square foot mixed-use project in downtown Trivandrum in partnership with the Embassy Group and Asset Homes, involving a total investment of Rs 15 billion.

To date, Taurus has purchased, developed and sold more than 70 million sq ft of office, industrial, retail, office and residential assets globally with a total value of over $10 billion.

See also:
Three bidders vying for Mumbai’s Dharavi slum redevelopment
Smartworld Developers expect sales worth Rs 2.5 bn from retail project


Boston-headquartered Taurus Investment Holdings and its partner Sage Capital plan to raise a Rs 5 billion fund to invest in the real estate sector in India. The firms plan to focus on Tier 1 and high-growth Tier 2 cities in South and West India. The companies plan to develop a portfolio of projects worth over $1 billion over the next five years. “We are in the process of applying for SEBI (Securities and Exchange Board of India) approval for our AIF and have also started meeting investors in parallel,” said Ajay Prasad, managing director of Taurus Investment Holdings India. “The proposed real estate-focused fund aims to raise a total of $200-$250 million from foreign and domestic investors.” Taurus Investment Holdings India had its fundraising plan on hold until now due to the Covid-19 pandemic and the resultant uncertainties in the market. “The fund will invest in mixed-use, office and mid-scale residential projects in the Indian real estate market,” said Prasad. The firm plans to focus on cities like Trivandrum, Visakhapatnam, Coimbatore, Bhubaneshwar and Trichy, among others. Taurus is currently developing a 5.5 million square foot mixed-use project in downtown Trivandrum in partnership with the Embassy Group and Asset Homes, involving a total investment of Rs 15 billion. To date, Taurus has purchased, developed and sold more than 70 million sq ft of office, industrial, retail, office and residential assets globally with a total value of over $10 billion. See also: Three bidders vying for Mumbai’s Dharavi slum redevelopment Smartworld Developers expect sales worth Rs 2.5 bn from retail project

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement