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
2025 Outlook: Private Capital Market in India
Experts believe that the growth of the private capital market in India, including venture capital, private equity, and private debt, will be driven by new age businesses and a vibrant startup ecosystem.
MHADA Announcement: 800,000 Houses to be Built in Five Years
Deputy Chief Minister Eknath Shinde of Maharashtra has announced an ambitious plan by the Maharashtra Housing and Area Development Authority (MHADA) to construct 800,000 houses over the next five years. This strategic move aims to address the growing hous
London's Skyline to Get a New Tower: 73-Storey Skyscraper Rivals the Shard
With a 7% increase in City construction between April and September, the planned 73-storey skyscraper underscores the continued global investor confidence in London's real estate market.
India's Real Estate Market: A Growth Trajectory Across Segments
India's real estate market is poised for growth across residential
HDFC Bank and 3 Other Stocks Forming the Bullish Golden Crossover Pattern to Watch
Explore the current market trends and identify promising stocks like HDFC Bank that are forming the bullish Golden Crossover pattern, a key technical indicator for potential future gains.
GST Council Meet: States' Upper Hand to Shape Crucial Reforms
The upcoming GST Council meeting on June 22 will be crucial, with states likely to have a significant say in policy decisions, including rate rationalisation, petroleum products, and real estate under GST.