ADIA provides Rs 81.36 billion first closure to Kotak Investment Advisors

16 Nov 2022 CW Team

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

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..