Meenakshi Group Launches ₹700 Crore Real Estate AIF in India
Hyderabad-based Meenakshi Group has launched Meenakshi Real Assets Fund, a SEBI-approved Category II AIF, targeting ₹700 crore for real estate investments in top-tier Indian cities.
Real EstateMeenakshi GroupMeenakshi Real Assets FundAifIndiaReal EstateJun 03, 2025
This new fund will have a total corpus of ₹700 crore, including a ₹350 crore greenshoe option. Meenakshi Group has committed up to 20% of the fund size as sponsor capital, demonstrating its strong commitment to the venture.
The Meenakshi Real Assets Fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. The fund aims to allocate capital to tier I developers, with individual investments of up to ₹70 crore per transaction. This strategic approach is designed to ensure a balanced mix of debt and equity investments, providing a robust foundation for growth and profitability.
Mahesh Katragadda, CEO of Meenakshi Alternates, expressed confidence in the fund's potential. 'Currently, we have three potential deals under due diligence, and we have secured soft commitments from the Meenakshi Group, its network, and early investors,' he stated. These early commitments are a strong indicator of the market's interest in the fund and its investment strategy.
The launch of the Meenakshi Real Assets Fund is a significant step for Meenakshi Group, which has a long-standing reputation in the real estate sector. The group's diverse portfolio includes residential, commercial, and retail projects, and this new fund is expected to further diversify its investment portfolio and enhance its market presence.
For investors, the Meenakshi Real Assets Fund offers an attractive opportunity to participate in the growth of the Indian real estate market. The fund's focus on self-liquidating assets and tier I developers aligns with the increasing demand for high-quality real estate investments in India's top-tier cities.
The real estate market in India has shown resilience and growth potential, driven by factors such as urbanization, economic development, and favorable government policies. The Meenakshi Real Assets Fund is well-positioned to capitalize on these trends, providing investors with a promising avenue for returns.
In conclusion, the launch of the Meenakshi Real Assets Fund marks a significant milestone for Meenakshi Group and the Indian real estate investment landscape. With a strong sponsor commitment and a strategic focus on high-quality assets, the fund is poised to deliver significant value to its investors.
Frequently Asked Questions
What is the Meenakshi Real Assets Fund?
The Meenakshi Real Assets Fund is a SEBI-approved Category II Alternative Investment Fund (AIF) launched by Meenakshi Group. It targets a total corpus of ₹700 crore for real estate investments in top-tier Indian cities.
What type of investments will the fund focus on?
The fund will focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside. It aims to allocate capital to tier I developers with individual investments of up to ₹70 crore per transaction.
How much has Meenakshi Group committed to the fund?
Meenakshi Group has committed up to 20% of the fund size as sponsor capital, demonstrating its strong commitment to the venture.
Who is Mahesh Katragadda?
Mahesh Katragadda is the CEO of Meenakshi Alternates, the financial services arm of Meenakshi Group. He is overseeing the launch and operations of the Meenakshi Real Assets Fund.
What are the key trends driving the Indian real estate market?
The Indian real estate market is driven by factors such as urbanization, economic development, and favorable government policies. These trends are creating significant opportunities for high-quality real estate investments in top-tier cities.
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