MT. K Kapital Raises ₹4,000 Crore for Second Fund, Eyes Expansion in Pune, Bengaluru, and Delhi NCR
MT. K Kapital, a real estate investment management firm backed by Mumbai-based real estate developer Rustomjee Group, announced on November 27 that it has raised a second fund of ₹4,000 crore. This new fund is supported by strong General Partners (GPs) and Limited Partners (LPs), reflecting confidence in the company’s performance and management team.
After the successful deployment of its first fund in the Mumbai Metropolitan Region (MMR), MT. K Kapital is now set to expand its reach with the second fund. The company plans to target key markets across India, including Pune, Bengaluru, and the Delhi NCR region.
According to the company, its strategy to grow the credit space in India’s real estate market is backed by the strong growth fundamentals of the Indian economy and its positive impact on the real estate sector. The firm's approach is to build partnerships with developers in these key markets, focusing on investment at the acquisition stage and supporting its development partners through the entire project development journey.
Binitha Dalal, Founder & Managing Partner of MT. K Kapital, stated, “The MT. K platform was built with an absolute alignment of interests among all stakeholders in the development value chain, and the performance of our first fund is a testament to our thesis. With our second fund, we look forward to expanding this proposition across the country as we enter the markets of Pune, Bangalore, and NCR.”
Boman Irani, CMD of Rustomjee Group, expressed confidence in the new fund, saying, “The MT. K platform, backed by Rustomjee, has made considerable progress since its inception, and it has reaffirmed my thesis of making Real Estate Investments a win-win for all stakeholders. With the second fund, we are confident that the real estate industry stands to benefit even more meaningfully from MT. K’s approach and development mindset.”
The first fund, a ₹790 crore MMR-focused fund, has been a landmark strategy in terms of underwriting, project monitoring, and investor support. Since its launch in 2022, the fund has grown steadily with the support of marquee investors, including leading institutions such as SBI, ICICI Bank, SBI Life, and Famy Care, along with several prominent family offices. The fund’s performance is rooted in a rigorous investment framework, hands-on monitoring, and long-term developer partnerships.
The deployment target for the new fund is early 2026, supported by a strong pipeline of projects currently under evaluation. MT. K Kapital aims to invest at the acquisition stage and further support its development partners through the journey of project development. As a partnership-driven platform, the firm’s focus remains on working closely with developers to enhance project viability, strengthen bottom-line performance, and drive meaningful product differentiation within their respective micro-markets.
