Fund News
Industrial Investment Trust to launch real estate focused Rs.500-Cr AIF
Mumbai-based non-banking financial company Industrial Investment Trust Ltd (IITL) is to launch a Category I Alternative Investment Fund (AIF) focused on the real estate sector with a target corpus of INR 500 crore.The fund will invest in both residential and commercial real estate driven by housing demand, office leasing, the rise of flexible workspaces, and surging domestic tourism. The AIF will focus on Tier 1 and Tier 2 cities, partnering with Grade A developers.IITL is also launching a Housing Finance Company dedicated to providing accessible financing solutions for home buyers and property upgraders. IITL’s current investment portfolio stands at INR 405 crore (as on 30th September 2024), with investments across multiple industrial sectors.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
