Shivalik Fund Invests Rs 55 Crore in High-Potential Real Estate Projects in Ahmedabad
Shivalik Fund, a SEBI-registered Category II Alternative Investment Fund (AIF), has deployed over Rs 55 crore in promising real estate projects in Ahmedabad, marking a significant milestone in its investment journey.
Real EstateInvestmentShivalik FundAhmedabadReal Estate ProjectsReal EstateJun 07, 2025
Promoted by the Shivalik Group, Shivalik Fund is focused on backing real estate projects with strong fundamentals. Its maiden investment has been made in the S Plus project in Ognaj, a rapidly developing area of the city.
Chitrak Shah, Founder and Managing Director of Shivalik Group, said, “As our debut fund, this marks a pivotal step in our journey to build a trustworthy real estate investment platform. With Ahmedabad gearing up to host the 2036 Olympics, the city’s real estate sector is set for a transformative phase. We aim to be a catalyst in this evolution, both as a real estate developer and investor.”
The westward and northward expansion of the city is giving rise to new micro-markets, which are emerging as hotspots for residential and commercial investments. These areas are witnessing significant growth due to improved infrastructure, connectivity, and a burgeoning population.
Piyush Kothari, Executive Director & CEO of Shivalik Fund, said, “We are committed to generating long-term value for our investors while supporting credible developers. Our focus is on projects that have a solid foundation and the potential to deliver consistent returns.”
Shivalik Fund’s investment strategy is centered around identifying and investing in projects that align with the broader development goals of the city. The fund is particularly interested in projects that cater to the growing demand for affordable and mid-segment housing, as well as commercial spaces that can support the economic growth of Ahmedabad.
The Shivalik Group, with its extensive experience in the real estate sector, brings a wealth of knowledge and expertise to the table. This, combined with the fund’s strategic approach, positions Shivalik Fund to play a significant role in shaping the future of real estate in Ahmedabad.
Ahmedabad, known for its rich cultural heritage and rapid urbanization, is poised to become a major economic hub in the coming years. The city’s real estate sector is expected to benefit from various government initiatives, including the Smart Cities Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
Shivalik Fund’s investment in the S Plus project in Ognaj is just the beginning. The fund plans to expand its portfolio by identifying and investing in other high-potential projects across the city. This strategic move is expected to not only generate substantial returns for investors but also contribute to the overall development of Ahmedabad’s real estate market.
In conclusion, Shivalik Fund’s deployment of Rs 55 crore in real estate projects marks the beginning of a new chapter in the city’s real estate landscape. With a focus on sustainable and value-driven investments, the fund aims to play a crucial role in shaping the future of real estate in Ahmedabad.
Frequently Asked Questions
What is Shivalik Fund?
Shivalik Fund is a SEBI-registered Category II Alternative Investment Fund (AIF) promoted by the Shivalik Group. It focuses on backing real estate projects with strong fundamentals.
How much has Shivalik Fund deployed in real estate projects?
Shivalik Fund has deployed over Rs 55 crore in high-potential real estate projects in Ahmedabad.
What is the maiden investment of Shivalik Fund?
The maiden investment of Shivalik Fund is in the S Plus project in Ognaj, a rapidly developing area of Ahmedabad.
What is the investment strategy of Shivalik Fund?
Shivalik Fund’s investment strategy is centered around identifying and investing in projects that align with the broader development goals of the city, focusing on affordable and mid-segment housing and commercial spaces.
What role does the Shivalik Group play in Shivalik Fund?
The Shivalik Group, with its extensive experience in the real estate sector, brings a wealth of knowledge and expertise to Shivalik Fund, positioning it to play a significant role in shaping the future of real estate in Ahmedabad.
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans