Altem Capital Launches Ambitious INR 250 Crore Real Estate Fund in India
Altem Capital's JIRAAF AU INDIA REAL ESTATE FUND - I targets INR 250 crore, focusing on plotted developments and last-mile funding to boost India's real estate sector.
Real EstateAlternative Investment FundPlotted DevelopmentsLast Mile FundingAltem CapitalReal EstateJul 31, 2024
The fund will focus on two primary areas plotted developments and last-mile funding. In plotted developments, IREF I will invest in projects where land is subdivided into individual plots, which are then sold to buyers for construction purposes. This approach is expected to increase the availability of land for construction, ultimately contributing to the growth of the real estate sector.
The second area of focus is last-mile funding, which provides financial assistance of up to INR 100 crore to developers in the final stages of a project. This type of funding is crucial for developers, as it enables them to complete construction and deliver projects on time. By providing last-mile funding, IREF I has the potential to bring new properties to market, offering a wider variety of housing and commercial options for buyers.
As a Category II Alternative Investment Fund (AIF), IREF I offers investors access to a broader range of assets than traditional mutual funds. However, it's essential to note that AIFs typically involve higher risks and require a longer four-year investment horizon.
Information
Altem Capital is an investment management company that specializes in providing innovative financial solutions to its clients. With a strong focus on real estate, the company has gained a reputation for its expertise in identifying opportunities and creating value for investors.
Altem Capital is a leading investment management company that offers a range of financial solutions to its clients. With a strong presence in India, the company has established itself as a trusted partner for investors seeking to tap into the country's growing real estate sector.
Frequently Asked Questions
What is the target size of the JIRAAF AU INDIA REAL ESTATE FUND - I?
The target size of the fund is INR 250 crore, with a greenshoe option to raise an additional INR 100 crore if there is strong investor interest.
What are the two primary areas of focus for the JIRAAF AU INDIA REAL ESTATE FUND - I?
The fund will focus on plotted developments and last-mile funding to support the growth of India's real estate sector.
What is last-mile funding, and how can it benefit developers?
Last-mile funding provides financial assistance of up to INR 100 crore to developers in the final stages of a project, enabling them to complete construction and deliver projects on time.
What is the investment horizon for the JIRAAF AU INDIA REAL ESTATE FUND - I?
The fund requires a four-year investment horizon, which is typical for Category II Alternative Investment Funds (AIFs).
Who is Altem Capital, and what is its focus?
Altem Capital is an investment management company that specializes in providing innovative financial solutions, with a strong focus on real estate.
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