Mt. K Kapital Raises Over ₹500 Crore for New Fund, Eyes 25% IRR
Mt. K Kapital announces the raise of over ₹500 crore for its maiden fund, targeting quick turnaround residential projects with low equity investments.
Mt K KapitalReal EstateInvestmentFundMumbaiReal Estate MumbaiSep 26, 2024
The identified projects include The Panorama (Pali Hill, Bandra West), Ocean Vista (Versova Beach, Andheri West), Cliff Tower (Mt Mary Road, Bandra West), Dhuruvadi (Prabhadevi), and Crescent (Pali Hill, Bandra West). Both Panorama and Ocean Vista have received the necessary approvals, with construction in progress and active upward sales.
Mt. K Kapital's core strategy targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai. Led by Binitha Dalal and Abdeali Tambawala, the team has over five decades of combined experience in real estate and fund management.
The fund's unique investment structure allows investors to capitalize on its strong performance. Furthermore, favorable macroeconomic conditions are likely to strengthen the real estate market and potentially drive expected IRRs beyond 25%.
Mt. K Resi Development Fund, an ESG Impact Development Fund plans to invest in 10-12 projects across the MMR, focusing on redevelopment with the Rustomjee Group.
Boman Irani, Chairman & Managing Director of Rustomjee Group, added, “It is an exciting time to invest in real estate. The Mt. K platform is built on the principles of transparency and alignment of interest between the investor and the developers. We believe that our structure will offer value to investors looking to capitalize on the growth of real estate as an asset class. Backing this platform aligns with our philosophy of value creation for all stakeholders.”
Binitha Dalal, Founder and Managing Partner, Mt. K Kapital, said, “We are excited to have visionary investors and Rustomjee's support in building this platform. The strong response validates our goal of becoming a leading real estate development fund management company. With a distinct market advantage, we are committed to channeling the right capital into the real estate sector and remain bullish on investment opportunities in the MMR. The current performance of our investments and the selection of strategic locations for our projects have reaffirmed our investment thesis. We are evaluating a robust pipeline of similar projects along with deal sizes between ₹60-90 crore to strengthen our portfolio.”
About Mt. K Kapital
Mt. K Kapital is a real estate development fund management company that targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.
About Rustomjee Group
Rustomjee Group is a leading real estate developer in India, with a focus on creating value for all stakeholders.
Frequently Asked Questions
What is the amount raised by Mt. K Kapital for its maiden fund?
Mt. K Kapital has raised over ₹500 crore for its maiden fund.
What is the focus of Mt. K Kapital's investment strategy?
Mt. K Kapital's core strategy targets quick turnaround residential projects with low equity investments and gives investors a share of project profits from redevelopment assets across Mumbai.
Who are the investors in Mt. K Kapital's maiden fund?
The investors in Mt. K Kapital's maiden fund include SBI, ICICI Bank, Famy Care, and other HNIs.
What is the expected IRR of Mt. K Kapital's investments?
The expected IRR of Mt. K Kapital's investments is beyond 25%.
What is the partnership between Mt. K Kapital and Rustomjee Group?
Mt. K Kapital has partnered with Rustomjee Group to invest in 10-12 projects across the MMR, focusing on redevelopment.
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