Mt K Kapital Secures Over ₹500 Crore to Fuel Realty Projects in Mumbai Metropolitan Region
Mt K Kapital has raised over ₹500 crore for its maiden fund to invest in real estate projects in the Mumbai Metropolitan Region (MMR), with a focus on redevelopment and quick turnaround residential projects.
Mt K KapitalReal EstateMumbai Metropolitan RegionAlternative Investment FundRustomjee GroupReal EstateSep 25, 2024
The fund has already committed over ₹300 crore to five projects in the Mumbai region, in partnership with Keystone Realtors (Rustomjee Group). With a strong pipeline of projects, Mt K Kapital is now exercising its green shoe option and is targeting to do a final close shortly.
The company believes that favourable macroeconomic conditions will strengthen the real estate market, potentially driving expected internal rate of returns (IRRs) beyond 25 per cent. Mt K Kapital's core strategy involves targeting quick turnaround residential projects with low equity investments, offering investors a share of project profits from redevelopment assets across Mumbai.
The Alternative Investment Fund (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 maiden fund?
Mt K Kapital's maiden fund is Mt. K Resi Development Fund Category II SEBI registered Alternative Investment Fund, which aims to invest in real estate projects in the Mumbai Metropolitan Region (MMR).
How much has Mt K Kapital raised for its maiden fund?
Mt K Kapital has raised over ₹500 crore for its maiden fund.
What is Mt K Kapital's core strategy?
Mt K Kapital's core strategy involves targeting quick turnaround residential projects with low equity investments, offering 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 several 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.
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