Bakeri Group and Lumos Alternate Launch Rs 500 Crore Realty Fund
Bakeri Group and Lumos Alternate partner to set up a Rs 500 crore real estate investment fund, focusing on mid-market residential projects in major Indian cities like Bengaluru, Mumbai, Ahmedabad, and Pune.
Real EstateReal Estate InvestmentBakeri GroupLumos AlternateSakar Realty FundReal Estate PuneFeb 12, 2025
The fund, named 'Sakar Realty Fund- I', has recently received final approval from SEBI and is set to invest in mid-market residential projects across major Indian cities.
These cities include Bengaluru, Mumbai, Ahmedabad, and Pune.
The investment horizon for each project is expected to be around 3 to 4 years.
The Sakar Realty Fund aims to provide superior returns to its investors by leveraging Bakeri Group's extensive experience in real estate development.
Bakeri Group has a rich legacy of over 65 years, during which it has successfully delivered more than 420 lakh square feet of real estate development.
This track record makes Bakeri Group a trusted and reliable partner for the fund.
The fund is expected to attract a diverse range of investors, including high-net-worth individuals (HNIs), family offices, and institutional investors.
The robust real estate market in recent years has made many HNIs and family offices look for long-term direct partnerships with credible real estate developers who have successfully navigated multiple real estate cycles.
Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors Pvt Ltd, emphasized the importance of the fund in the current market.
'The real estate market has been robust over the past few years, and many family offices and HNIs are looking to establish long-term direct partnerships with credible real estate developers who have successfully navigated multiple real estate cycles,' he said.
Mohnot further added, 'Sakar Realty Fund provides investors the opportunity to partner with one of the most trusted and experienced developers at an early stage and on pre-defined terms.
A pre-structured deal with a credible developer creates a win-win situation for both investors and developers.
While the developer gains confidence in the availability of equity on call, investors benefit from a well-defined corporate governance framework and return structure with their preferred developer.'
Pavan Bakeri, Promoter and Managing Director of Bakeri Group, highlighted the unique blend of development expertise and independent investment acumen that the fund brings.
'This fund uniquely blends our development expertise with the independent investment acumen of Lumos Alternate, delivering value to investors while contributing to landmark real estate projects in major Indian cities,' he said.
The Sakar Realty Fund is expected to play a significant role in the Indian real estate market, providing a platform for investors to partner with a trusted and experienced developer while ensuring the successful completion and delivery of mid-market residential projects in key Indian cities.
Frequently Asked Questions
What is the total investment amount for the Sakar Realty Fund?
The total investment amount for the Sakar Realty Fund is Rs 500 crore.
Which cities will the Sakar Realty Fund invest in?
The Sakar Realty Fund will invest in mid-market residential projects in Bengaluru, Mumbai, Ahmedabad, and Pune.
How long is the investment horizon for each project under the Sakar Realty Fund?
The investment horizon for each project under the Sakar Realty Fund is around 3 to 4 years.
Who are the expected investors for the Sakar Realty Fund?
The expected investors for the Sakar Realty Fund include high-net-worth individuals (HNIs), family offices, and institutional investors.
What is the main benefit of a pre-structured deal with a credible developer?
A pre-structured deal with a credible developer creates a win-win situation for both investors and developers. The developer gains confidence in the availability of equity on call, while investors benefit from a well-defined corporate governance framework and return structure with their preferred developer.
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