Mt K Kapital Raises Over Rs 500 Crore to Invest in Mumbai Realty Projects
Alternative investment fund Mt K Kapital raises over Rs 500 crore to deploy in real estate projects in the Mumbai Metropolitan Region.
Mt K KapitalReal EstateMumbaiInvestmentRustomjee GroupReal Estate MumbaiSep 25, 2024
The fund, Mt. K Resi Development Fund Category II Sebi registered Alternative Investment Fund, has raised Rs 500 crore from investors like SBI, ICICI Bank, Famy Care, and other High Net Worth Individuals (HNIs).
Over Rs 300 crore has already been committed towards five projects in the Mumbai region by Keystone Realtors (Rustomjee Group). The fund is now exercising its green shoe option and is targeting to do a final close shortly.
Favourable macroeconomic conditions are likely to strengthen the real estate market and potentially drive expected internal rate of returns (IRRs) beyond 25 per cent. 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.
The AIF 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, said
Frequently Asked Questions
What is 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.
How much has Mt K Kapital raised for its maiden fund?
Mt K Kapital has raised over Rs 500 crore for its maiden fund, Mt. K Resi Development Fund Category II Sebi registered Alternative Investment Fund.
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 High Net Worth Individuals (HNIs).
What is the expected internal rate of return (IRR) for Mt K Kapital's investments?
The expected IRR for Mt K Kapital's investments is beyond 25 per cent, driven by favourable macroeconomic conditions.
How many projects does Mt K Kapital plan to invest in across the MMR?
Mt K Kapital plans to invest in 10-12 projects across the MMR, focusing on redevelopment with the Rustomjee Group.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.