Altern Capital Launches Maiden Real Estate Fund, Targets Rs 250 Crore Capital
Altern Capital's inaugural real estate fund eyes Rs 250 crore capital, providing last-mile funding for projects in Mumbai, Mysuru, and Pune.
Real EstateInvestmentFundingAltern CapitalPiramal CapitalReal Estate PuneJul 17, 2024
The real estate sector in India has experienced a significant surge in recent years, with increasing demand for housing and commercial spaces. However, many projects face challenges in securing funds for completion, resulting in delayed or stalled developments. Altern Capital's real estate fund seeks to bridge this gap by providing critical last-mile funding to projects that are nearing completion.
The fund's investment strategy will focus on plotted development projects in Mumbai, Mysuru, and Pune, which are among the fastest-growing cities in India. These cities have witnessed significant growth in the real estate sector, driven by increasing demand for housing, infrastructure development, and economic growth.
Navin Dhanuka, a seasoned real estate expert, will lead the Altern Capital real estate fund. With his extensive experience in the sector, Dhanuka is well-positioned to identify and invest in projects that have high growth potential.
The real estate fund also benefits from the expertise of Piramal Capital, a leading financial services company that has invested in Altern Capital. Piramal Capital's strong presence in the Indian real estate market will provide valuable insights and support to Altern Capital's investment decisions.
The launch of Altern Capital's real estate fund is a significant step towards providing much-needed funding to the sector. With its focus on last-mile funding, the fund is poised to play a critical role in completing stalled projects and delivering much-needed housing and commercial spaces to the market.
Information
Altern Capital is a leading investment firm that provides innovative funding solutions to various sectors, including real estate. With its maiden real estate fund, Altern Capital aims to make a significant impact in the Indian real estate market.
Piramal Capital is a leading financial services company that offers a range of financial products and services, including real estate funding. The company has invested in Altern Capital, providing strategic support and expertise to the investment firm.
Altern Capital is a leading investment firm that provides innovative funding solutions to various sectors, including real estate. With its maiden real estate fund, Altern Capital aims to make a significant impact in the Indian real estate market.
Piramal Capital is a leading financial services company that offers a range of financial products and services, including real estate funding.
Frequently Asked Questions
What is the target capital for Altern Capital's maiden real estate fund?
Rs 250 crore
Which cities will the real estate fund focus on?
Mumbai, Mysuru, and Pune
What is the investment strategy of the real estate fund?
Last-mile funding for plotted development projects
Who will lead the Altern Capital real estate fund?
Navin Dhanuka
What is the significance of Piramal Capital's investment in Altern Capital?
Piramal Capital's expertise and support will provide valuable insights to Altern Capital's investment decisions
Related News Articles
India's Fractional Ownership Market Set to Boom: Top 3 Hotspots to Watch
The JLL – Property Share report highlights the immense growth potential of India's real estate fractional ownership market
Prestige Estates Faces 23% Slump in Q1 Sale Bookings due to Delayed New Launches
Bengaluru-based real estate major Prestige Estates witnessed a 23% decline in sales during the first quarter of FY24-25 due to delayed new project launches.
Savitribai Phule Pune University Invites Applications for 133 Assistant Professor Positions
SPPU invites applications for 133 assistant professor positions across various departments. Apply online from August 27 to September 5.
Luxury Housing Boom: What's Driving the Upper Class to Splurge on High-End Properties?
The real estate sector is witnessing a significant resurgence, particularly among ultra-high-net-worth individuals (UHNWIs). This trend has sparked renewed interest in luxury properties, driving up demand and prices in the high-end market.
Mumbai Experiences 12% Increase in Property Registrations in January
According to real estate consultant Knight Frank India, Mumbai has seen a significant rise in property registrations, with 12,249 units registered in January. This marks a 12% increase from the previous year.
Budget 2025: Capital Gains Tax Rules for ULIPs, FIIs, and AIFs
The Budget 2025 introduced significant changes to the capital gains tax system, particularly affecting Unit Linked Insurance Plans (ULIPs), Foreign Institutional Investors (FIIs), and Alternative Investment Funds (AIFs). These changes aim to bring clarity