 "Wealthy investors re-thinking realty exposure, favour equities instead")
Kotak Investment Advisors Limited (KIAL) on Tuesday announced that it has launched a new fund which will partner with DivyaSree Developers (DivyaSree), a leading Bengaluru-based real estate developer, to develop and acquire commercial office assets across India.
The $400 million India Office Assets Fund I is anchored by a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and is a dedicated commercial office development platform. DivyaSree is the exclusive development partner and property advisor for the fund and KIAL will act as investment manager. It is structured as an Alternative Investment Fund under SEBI regulations.
The fund’s strategy is to develop
