Fund News
Etonhurst Capital raises Rs.180-Cr at first close of Rs.500-Cr Mumbai Redevelopment Fund
Real estate investment fund management platform firm Etonhurst Capital Partners has raised over INR 180 crore at the first close for its maiden INR 500 crore fund to be deployed across redevelopment projects in Mumbai.The first close of the fund has witnessed participation from family offices, high-net-worth individuals (HNIs) and The Guardian Real Estate Advisory’s family office. Etonhurst has also secured co-investment commitments, strengthening its ability to support high-value redevelopment projects in the city. The fund, aimed at helping revitalize key residential areas of Mumbai, is registered as a Category II Alternative Investment Fund (AIF).The capital raised will be deployed towards construction, regulatory approvals, and marketing efforts. The firm plans to allocate over 60% of the raised capital within the year, prioritizing high-demand urban areas where redevelopment is key to addressing housing and infrastructure needs.
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