Venture Intelligence (TSJ Media Pvt. Ltd.)
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Kotak Investment Advisors may start $1-B residential real estate fund
Kotak Investment Advisors Ltd. is looking to raise about USD 1 Billion for a new fund dedicated to India's residential real estate. Abu Dhabi Investment Authority (ADIA) might chip in with about USD 500 million into the property fund, while Allianz SE may invest about USD 220 million. Kotak Investment is also in talks with other investors for the fundraise which may be completed by the end of 2022. The fund will begin investing in 2023, focusing on residential property in India's top five cities. Founded in 2005, Kotak Investment has raised or managed about USD 6.3 Billion across various funds and platforms. It set up a USD 590 million platform with ADIA in June that focuses on property investment.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.