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.
Related News Articles
Mumbai Realty Market Sees Unprecedented Growth with Over 1 Lakh Registrations in 2024
Mumbai's residential market has sustained strong momentum in 2024, with September marking a key milestone as the city surpassed 100,000 property registrations — the fastest pace in a decade.
Karnataka RERA Quarterly Digest: July - September 2024
The Karnataka Real Estate Regulatory Authority (KARERA) has issued several orders in the latest quarter, addressing issues such as delayed possession and refunding amounts to aggrieved homebuyers.
Maharashtra Proposes Single-Window Clearance for Affordable Housing Projects
The Maharashtra State Cooperative Housing Federation is advocating for a single-window clearance system in the new housing policy to streamline the approval process and enhance affordable housing development.
Adani Group Gets Green Light for Dharavi Slum Redevelopment; HC Upholds Tender Award
The Mumbai High Court has upheld the tender award to Adani Properties Pvt Ltd for the redevelopment of Dharavi slums, clearing the path for this major urban transformation project. The ₹5,069-crore deal is set to bring significant changes to one of the la
The Remarkable Journey of Nicholas Riccio: From Rags to Real Estate Success
Karoline Leavitt, a well-known figure in her own right, is married to 59-year-old Nicholas Riccio, a real estate mogul based in New Hampshire. The couple welcomed their first child in September, adding a new chapter to their already inspiring story.
Priyanka Chopra's Family Rents Out Pune Mansion for Rs 1.49 Crore Over 5-Year Tenure
The lease agreement for Priyanka Chopra's family property in Pune includes an annual rent escalation of 5%, starting at Rs 2.25 lakh per month and increasing to Rs 2.73 lakh by the end of the five-year term.