Unlocking India's Real Estate Potential: MIRAI JMAC and Prathamus Ventures Launch Global Platform
Discover how MIRAI JMAC and Prathamus Ventures are revolutionizing India's real estate sector with their new global platform, tailored for mid to large developers and NRIs.
Real EstateIndiaUaeMirai JmacPrathamus VenturesNri InvestmentsReal Estate MaharashtraJul 13, 2024
The real estate sector alone contributed approximately 7.3% to the Indian GDP in 2021-22 and is poised for significant growth in the coming decade. 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, 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, stated, 'The strategic partnership between MIRAI, Prathamus Ventures, and RFO marks an exciting development for the real estate investment landscape.'
Pranav Jyoti, Managing Partner of MIRAI JMAC and CIO of The Private Office of His Highness Sheikh Ahmed Bin Faisal Al Qassimi, Dubai, United Arab Emirates, expressed enthusiasm about the partnership, stating, 'As we welcome Prathamus Ventures and Mr. Ashok Kinha into our fold, we're embarking on an exciting journey to fortify our position in the real estate and infrastructure investment arena.'
Vinoth Beemjee, Senior Partner of MIRAI JMAC and MIRAI Capital Global, underscored the game-changing potential of this collaboration, stating, 'With Prathamus Ventures as our steadfast ally, we envision a horizon brimming with growth and innovation. Together, we'll explore new frontiers in real estate investment, propelling our collective journey toward unparalleled success.'
The partnership between MIRAI JMAC and Prathamus Ventures represents a significant step towards enhancing investment opportunities and driving sustainable growth in the Indian real estate sector. This dynamic alliance sets the stage for innovative approaches and strategic investments that will reshape the landscape of real estate investments in India.
Frequently Asked Questions
What is the focus of the Alternative Investment Fund (AIF) platform launched by MIRAI JMAC and Prathamus Ventures?
The AIF platform focuses on Category 2 AIF, to attract funds from Family Offices, HNIs, Super HNIs, and NRI investors, contributing to India's burgeoning real estate sector.
What is the significance of the real estate sector in India's economy?
The real estate sector alone contributed approximately 7.3% to the Indian GDP in 2021-22 and is poised for significant growth in the coming decade.
What is the goal of the Real Estate Investment Platform launched by MIRAI JMAC and Prathamus Ventures?
The platform aims to elevate mid to large real estate developers in India 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 role of RFO in the partnership?
RFO will work with MIRAI JMAC to explore the potential of introducing branded residences in key metropolitan areas such as Delhi NCR, Mumbai Metropolitan Region (MMR), Pune, and Bangalore.
What is the expected outcome of the partnership between MIRAI JMAC and Prathamus Ventures?
The partnership is expected to drive sustainable growth in the Indian real estate sector, enhance investment opportunities, and reshape the landscape of real estate investments in India.
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