ADIA provides Rs 81.36 billion  first closure to Kotak Investment Advisors
ECONOMY & POLICY

ADIA provides Rs 81.36 billion first closure to Kotak Investment Advisors

Through a guaranteed commitment from the sovereign wealth fund Abu Dhabi Investment Authority, Kotak Investment Advisors, the alternate assets business manager of the Kotak Mahindra Group, has completed the first closing of its Rs 81.36 billion real estate fund (ADIA).

This is Kotak's thirteenth real estate fund, which has its headquarters in Gujarat's GIFT City and will largely invest in residential buildings throughout India's major cities.

The sovereign fund's stake in Kotak Realty Fund has increased in less than six months thanks to an anchor investment of Rs 40.68 crore, from a wholly-owned subsidiary of ADIA.

Prior to this, in June of this year, Kotak Investment Advisors formed a partnership with an ADIA firm to launch Rs 48 billion, real estate investment platform.

The fund, which will have its headquarters in GIFT City in Gujarat, will invest in office properties all over India with a focus on the top six real estate markets in that country: Mumbai, Bangalore, Delhi-NCR, Pune, Hyderabad, and Chennai.

Also read:
Godrej Properties acquires land in Pune for group housing project
Hyderabad sees registration of homes worth Rs 22.37 bn in Oct


Through a guaranteed commitment from the sovereign wealth fund Abu Dhabi Investment Authority, Kotak Investment Advisors, the alternate assets business manager of the Kotak Mahindra Group, has completed the first closing of its Rs 81.36 billion real estate fund (ADIA). This is Kotak's thirteenth real estate fund, which has its headquarters in Gujarat's GIFT City and will largely invest in residential buildings throughout India's major cities. The sovereign fund's stake in Kotak Realty Fund has increased in less than six months thanks to an anchor investment of Rs 40.68 crore, from a wholly-owned subsidiary of ADIA. Prior to this, in June of this year, Kotak Investment Advisors formed a partnership with an ADIA firm to launch Rs 48 billion, real estate investment platform. The fund, which will have its headquarters in GIFT City in Gujarat, will invest in office properties all over India with a focus on the top six real estate markets in that country: Mumbai, Bangalore, Delhi-NCR, Pune, Hyderabad, and Chennai. Also read: Godrej Properties acquires land in Pune for group housing project Hyderabad sees registration of homes worth Rs 22.37 bn in Oct

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