PE-RE Fund Investments
Ramky Estates to raise Rs.600-Cr from SWAMIH Fund
Bengaluru-based Ramky Estates & Farms Ltd (REFL), the real estate arm of the Ramky Group, is to raise INR 600 crore from the government-backed SWAMIH (Special Window for Affordable and Mid-Income Housing) Investment FundRamky has taken over about 4.3 million sq ft of stalled residential developments from Skylark Builders in Bengaluru. These developments are now branded as Ramky Lumina and Ramky Fortuna. The takeover of Lumina was completed in June 2025, and Fortuna in March 2026. The funds will be used to resurrect these projects.
For FY25, Ramky Estates had reported about INR 351 Cr in Operating Income and about INR 5 Cr in PAT.
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