Lumos Alternate and Bakeri Group Launch Rs 500 Crore Fund for Housing Projects
In a strategic move, real estate investment management firm Lumos Alternate and renowned developer Bakeri Group have joined forces to establish the Sakar Realty Fund-I, a Rs 500 crore platform aimed at mid-market residential projects in major Indian citie
Real EstateInvestmentSakar Realty FundBakeri GroupLumos AlternateReal Estate PuneFeb 12, 2025
The initiative, named 'Sakar Realty Fund-I,' has recently secured final approval from Sebi.
This fund will primarily focus on mid-market residential projects in key cities such as Bengaluru, Mumbai, Ahmedabad, and Pune, with each project expected to have an investment horizon of 3-4 years.
The fund's primary objective is to deliver superior returns to its investors by leveraging Bakeri Group's extensive experience and execution capabilities.
Over its 65-year legacy, Bakeri Group has successfully delivered over 420 lakh square feet of real estate development, making them a trusted name in the industry.
Sakar Realty Fund-I is expected to attract a diverse range of investors, including high-net-worth individuals (HNIs), family offices, and institutional investors.
Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors Pvt Ltd, highlighted the robust real estate market in recent years and the increasing interest from family offices and HNIs in forming long-term partnerships with credible developers.
'Sakar Realty Fund provides investors the opportunity to collaborate with one of the most trusted and experienced developers at an early stage and on pre-defined terms,' Mohnot added.
He further explained that a pre-structured deal with a credible developer creates a win-win situation.
'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, emphasized the unique blend of development expertise and independent investment acumen that the fund offers.
'This partnership delivers value to investors while contributing to landmark real estate projects in major Indian cities,' he stated.
Information
Lumos Alternate is a leading investment management firm with a strong focus on real estate.
They are known for their strategic approach and ability to navigate the complexities of the real estate market.
Bakeri Group is a well-established real estate developer with a 65-year legacy.
The group has delivered over 420 lakh square feet of real estate development across various segments, making it a trusted name in the industry.
Their expertise in mid-market residential projects has been a key factor in the success of this new investment platform.
Lumos Alternate, a leading investment management firm, specializes in crafting innovative real estate investment solutions.
With a deep understanding of the market and a focus on delivering superior returns, Lumos Alternate is dedicated to building long-term partnerships with credible developers and investors.
Bakeri Group, a prominent real estate developer, has a rich 65-year history of delivering high-quality projects.
With a legacy of over 420 lakh square feet of development, the group is committed to leveraging its expertise to create landmark projects in major Indian cities.
Frequently Asked Questions
What is the total amount of the new real estate investment platform?
The total amount of the new real estate investment platform is Rs 500 crore.
What is the name of the new real estate investment platform?
The name of the new real estate investment platform is Sakar Realty Fund-I.
Which cities will the Sakar Realty Fund-I focus on?
Sakar Realty Fund-I will focus on mid-market residential projects in Bengaluru, Mumbai, Ahmedabad, and Pune.
How many years is the investment horizon for each project in the Sakar Realty Fund-I?
The investment horizon for each project in the Sakar Realty Fund-I is 3-4 years.
Who are the key figures behind the Sakar Realty Fund-I?
The key figures behind the Sakar Realty Fund-I include Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors Pvt Ltd, and Pavan Bakeri, Promoter and Managing Director of Bakeri Group.
Related News Articles
KSH Infra's Big Bet on Southern India: A Rs 450 Crore Logistics Push
KSH Infra's foray into Southern India, Rs 450 crore investment in logistics and warehousing, sustainable development in real estate
Construction Costs in Indian Real Estate Rise by 11%, Prompting Developers to Reassess Budgets
The Indian real estate market has seen a significant increase in construction costs, up by 11% in 2024, leading developers to reassess their budgets. This rise is particularly notable in the office and industrial sectors, where new completions have surged
Vistry Group Faces Uncertain Market Conditions in UK Real Estate
Vistry Group, a prominent player in the UK real estate market, has issued three profit warnings since last October. Despite these challenges, the company remains cautious and has reaffirmed its forecast for 2024 adjusted pre-tax profit at around £250 mill
Exciting Deals for Women Homebuyers at Mumbai's 32nd Property Exhibition
The Confederation of Real Estate Developers' Associations of India-Maharashtra Chamber of Housing Industry (CREDAI-MCHI) is set to host its 32nd Property Exhibition, offering exclusive deals for women homebuyers. This event is a great opportunity for wome
Maia Estates Partners with CapitaLand for The Beacon: A New Era in Commercial Real Estate
Maia Estates has secured a significant investment of Rs 1000 crore from CapitaLand, marking a major milestone in the development of The Beacon. This collaboration aims to revolutionize the commercial real estate landscape in India by integrating innovativ
Home Sales in India's Major Cities Projected to Decline by 28% in Early 2025
The real estate market in major Indian cities, including Mumbai, Delhi-NCR, Pune, Chennai, and Kolkata, is expected to see a significant drop in home sales by 28% in early 2025. This decline is attributed to various economic factors and market conditions.