Hyderabad's Real Estate Market Set for a ₹700 Crore Transformation

Hyderabad-based real estate firm Meenakshi Group launches a ₹700 crore real estate fund to invest in prime properties across Tier-I cities, focusing on high-conviction deals.

Real EstateMeenakshi GroupHyderabadAifInvestment FundReal EstateJun 02, 2025

Hyderabad's Real Estate Market Set for a ₹700 Crore Transformation
Real Estate:Hyderabad-based real estate construction firm Meenakshi Group is set to make significant waves in the city’s booming property market. The group’s recently-launched financial services arm, Meenakshi Alternates (M-Alts), is aiming to raise ₹700 crore through its maiden real estate fund, the Meenakshi Real Assets Fund.

The Meenakshi Real Assets Fund, a Category II Alternative Investment Fund (AIF) approved by SEBI, aims to channel institutional capital into prime real estate assets. While the focus is not restricted to just Hyderabad, the fund will also target other Tier-I cities. This launch highlights the growing appetite for AIFs in the real estate market and underscores the confidence these funds have in the sector’s ongoing boom across the country.

The fund will employ a hybrid strategy that blends debt and equity investments, targeting self-liquidating assets that generate steady cash flows while offering long-term capital appreciation. With a six-year investment horizon, the fund plans to invest in 6 to 8 high-conviction deals, with each deal receiving up to ₹70 crore.

The initiative is expected to inject fresh institutional capital into Hyderabad’s real estate sector, which is characterized by rapid urbanization, IT-driven growth, and increasing demand for both commercial and residential spaces. By backing Tier I developers and market leaders in strategic micro-markets, Meenakshi Alternates aims to support high-quality projects that will contribute meaningfully to the city’s evolving skyline.

“Hyderabad has been one of India’s fastest-growing real estate hubs, but it requires structured, large-scale capital flows to sustain this momentum,” said Mahesh Katragadda, CEO of Meenakshi Alternates. “Our fund will play a critical role in bridging that gap by providing developers with flexible capital solutions and investors with access to stable, institutional-grade real estate assets.”

With a legacy of delivering over 13 million sq. ft. of real estate and leading major infrastructure projects in the region, Meenakshi Group has a strong foundation in Hyderabad. The launch of Meenakshi Alternates and its debut fund aligns with the group’s broader vision of accelerating urban development while delivering consistent returns to investors.

Industry analysts suggest the entry of a well-capitalised, professionally managed fund focused on Hyderabad could pave the way for more structured financing models in the city. This, in turn, could improve project execution standards, enhance transparency, and stimulate growth in underserved micro-markets—ultimately promoting more balanced urban expansion.

With three deals currently in due diligence and early commitments secured from Meenakshi Group and its network, the fund is poised for rapid capital deployment, marking a significant new chapter in Hyderabad’s real estate journey.

Frequently Asked Questions

What is the Meenakshi Real Assets Fund?

The Meenakshi Real Assets Fund is a Category II Alternative Investment Fund (AIF) launched by Meenakshi Alternates to invest in prime real estate assets across Tier-I cities, with a focus on Hyderabad.

How much capital is Meenakshi Alternates aiming to raise?

Meenakshi Alternates aims to raise ₹700 crore through its maiden real estate fund, the Meenakshi Real Assets Fund.

What is the investment strategy of the Meenakshi Real Assets Fund?

The fund employs a hybrid strategy that blends debt and equity investments, targeting self-liquidating assets that generate steady cash flows while offering long-term capital appreciation.

What is the investment horizon for the Meenakshi Real Assets Fund?

The Meenakshi Real Assets Fund has a six-year investment horizon, planning to invest in 6 to 8 high-conviction deals, with each deal receiving up to ₹70 crore.

How will the fund contribute to Hyderabad's real estate market?

The fund aims to support high-quality projects, improve project execution standards, enhance transparency, and stimulate growth in underserved micro-markets, ultimately promoting balanced urban expansion in Hyderabad.

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