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Kotak Realty Funds to raise Rs 6 bln via 4th realty fund

Posted on 19 May 2011

Kotak Realty Funds Group , the PE arm of Kotak Bank , is aiming to raise 600 crore through its fourth realty fund to be launched in the next few days. The fund will be mopped up from domestic market and invest predominantly in residential properties across India. It will have a green-shoe option of 100 crore.
“We will launch our fourth fund soon. Some of our first fund investors who received the entire principal in addition to over 20% return have already shown interest in participating in this new fund. We should be able to conclude this fund raising within the next few weeks, that is early June,” said S Sriniwasan, CEO of Kotak Realty Fund……………………………………….Full Article: Source


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