Mount K Kapital Raises Rs 40 Billion Second Realty Fund
ECONOMY & POLICY

Mount K Kapital Raises Rs 40 Billion Second Realty Fund

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement