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

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..