Revolutionizing Indian Real Estate: MIRAI JMAC and Prathamus Ventures Unveil Global Platform
MIRAI JMAC and Prathamus Ventures have launched a strategic partnership to establish a global real estate platform, focusing on the Indian market, with a significant presence in Mumbai, Pune, and Bangalore.
Real EstateIndiaUaeInvestmentPartnershipReal Estate MumbaiJul 13, 2024
MIRAI JMAC has recently announced the creation of MIRAI Capital Global (MCG) with an initial corpus of US $1.5 billion. The company has also appointed distinguished industry leaders to its investment team and advisory board. Furthermore, MIRAI continues to add family office capital to its LP list from Japan Sea and Middle East. US tech leaders, Funds, and European family businesses are also working with MIRAI to help scale their current business in UAE, creating a fulcrum for the consumption story in India, SEA, and MENA region.
The real estate sector alone contributed approximately 7.3% to the Indian GDP in the fiscal year 2021-22. This partnership underscores MIRAI's shared commitment to the real estate and infrastructure industry, providing strategic partnership, growth management, human resource, and investment avenues and fostering sustainable growth in the Indian real estate market.
The Real Estate Investment Platform is tailored for mid-to-large real estate developers in India poised for growth, aiming to elevate them into global brands through joint ventures with The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi (RFO) in the UAE. Emphasizing growth capital, the platform fosters investment and marketing partnerships between targeted real estate developers and RFO, with a sharp focus on the India-UAE growth corridor.
Amb. Dunston Pereira, CEO of The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi, Dubai, United Arab Emirates, expressed enthusiasm about the partnership, stating,
Frequently Asked Questions
What is the focus of the Alternative Investment Fund (AIF) platform established by MIRAI JMAC and Prathamus Ventures?
The AIF platform will focus on Category 2 AIF, attracting funds from Family Offices, HNIs, Super HNIs, and NRI investors.
What is the initial corpus of MIRAI Capital Global (MCG)?
The initial corpus of MIRAI Capital Global (MCG) is US $1.5 billion.
What percentage of the Indian GDP did the real estate sector contribute in the fiscal year 2021-22?
The real estate sector alone contributed approximately 7.3% to the Indian GDP in the fiscal year 2021-22.
What is the focus of the Real Estate Investment Platform?
The Real Estate Investment Platform is tailored for mid-to-large real estate developers in India poised for growth, aiming to elevate them into global brands through joint ventures with The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi (RFO) in the UAE.
What is the goal of the partnership between MIRAI JMAC and Prathamus Ventures?
The goal of the partnership is to enhance investment opportunities and drive sustainable growth in the Indian real estate sector.
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