Lumos Alternate and Bakeri Group Launch Rs 500 Crore Sakar Realty Fund for Housing Projects
Lumos Alternate and Bakeri Group have partnered to establish the 'Sakar Realty Fund- I', a Rs 500 crore real estate investment platform aimed at mid-market residential projects in major Indian cities including Bengaluru, Mumbai, Ahmedabad, and Pune.
Real EstateInvestmentHousing ProjectsSakar Realty FundBakeri GroupReal Estate NewsFeb 12, 2025
The 'Sakar Realty Fund- I' has recently received final approval from the Securities and Exchange Board of India (SEBI) and is set to invest in mid-market residential projects across key Indian cities such as Bengaluru, Mumbai, Ahmedabad, and Pune.
The fund aims to provide superior returns to its investors by leveraging the exceptional execution capabilities of the Bakeri Group, which boasts a 65-year legacy of delivering more than 4.20 lakh square feet of real estate development.
The Sakar Realty Fund- I is designed with an investment horizon of 3-4 years per project, making it an attractive option for 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, stated, '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.'
One of the key advantages of the Sakar Realty Fund is its unique structure, which provides investors the opportunity to partner with one of the most trusted and experienced developers at an early stage and on predefined terms.
According to Mohnot, '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, emphasized the fund's potential to deliver value to investors while contributing to significant real estate projects in major Indian cities.
'The fund uniquely blends development expertise with independent investment acumen, creating a synergy that not only benefits investors but also drives the development of landmark projects,' he said.
Bakeri Group, with its extensive experience and successful track record in real estate development, is well-positioned to lead these projects.
The Sakar Realty Fund- I is poised to attract substantial interest from a variety of investors, offering a compelling investment opportunity in the Indian real estate market.
Frequently Asked Questions
What is the 'Sakar Realty Fund- I'?
The 'Sakar Realty Fund- I' is a Rs 500 crore real estate investment platform jointly established by Lumos Alternate and Bakeri Group. It has received final approval from SEBI and is designed to invest in mid-market residential projects in major Indian cities.
What is the investment horizon for the Sakar Realty Fund- I?
The investment horizon for the Sakar Realty Fund- I is 3-4 years per project, providing a well-defined timeline for investors.
Who are the key partners in the Sakar Realty Fund- I?
The key partners in the Sakar Realty Fund- I are Lumos Alternate, an investment management firm, and Bakeri Group, a well-established real estate developer with a 65-year legacy.
What types of investors is the Sakar Realty Fund- I targeting?
The Sakar Realty Fund- I is targeting a diverse range of investors, including high-net-worth individuals (HNIs), family offices, and institutional investors.
What is the main advantage of the pre-structured deal in the Sakar Realty Fund- I?
The main advantage of the pre-structured deal in the Sakar Realty Fund- I is that it creates a win-win situation for both investors and developers. Investors gain from a well-defined corporate governance framework and return structure, while developers benefit from the confidence in the availability of equity on call.
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