Mount K Kapital Raises Rs 40 Billion Second Realty Fund

02 Dec 2025 CW Team

Real estate-focused investment platform Mount K Kapital, backed by the Rustomjee Group, on Thursday announced the close of its second real-estate fund worth $450 million (around Rs 40 billion).

Founder and managing partner Binita Dalal told Business Standard that the fund will finance 10 to 15 projects across the Mumbai Metropolitan Region (MMR), Delhi NCR, Bengaluru and Pune.

Backed by strong but undisclosed general partners (GPs) and limited partners (LPs), the second fund aims to invest at the acquisition stage and support development partners throughout the project lifecycle. Dalal said the seven-year credit fund will target residential, mixed-use and redevelopment projects deliverable within five years.

“The deployment target for the new fund is early 2026, supported by a strong pipeline of projects currently under evaluation,” she added.

Mount K Kapital is also working on exits from its first Rs 7.9 billion fund, with plans to complete them over the next couple of years. The inaugural fund had marquee backers, including SBI, ICICI Bank, SBI Life, Famy Care, and several prominent family offices.

Boman Irani, chairman and managing director of the Rustomjee Group, said the first fund established the platform’s discipline in underwriting, monitoring and investor engagement. He added that the second fund will further strengthen Mount K Kapital’s position as a key institutional capital provider to the real-estate sector.

The fundraise comes amid strong momentum in the property market, supported by resilient residential demand, high sales velocity and consolidation towards established developers.

Infrastructure Urban

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