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Axis AMC raises Rs 400 crore maiden real estate fund

The fund is targeting investments (through structured debt route) in the top-eight cities of the country

BS Reporter  |  Mumbai 

Axis Bank
Axis Bank | Photo: Shutterstock

Asset Management Company (AMC) has closed its — the RERA Opportunities Fund I — with commitment of over Rs 400 crore. The investors include domestic institutions, high net worth investors and the sponsor (AMC). The fund is targeting investments (through structured debt route) in the top-eight cities of the country. “This is an opportune time for value investors to identify and back those real estate players with strong systems and strategies, who can deliver results in these new conditions (liquidity crunch, introduction of GST and RERA),” said Balaji Rao, managing partner (real estate), Axis

First Published: Wed, April 03 2019. 00:30 IST
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