Fund News
Realty-focused Shivalik Investment Fund makes first close of inaugural fund at Rs.75-Cr
Ahmedabad-based Shivalik Investment Fund (SIF), a Category II Alternative Investment Fund (AIF), has attracted 50% of its targeted corpus of INR 150 crore at the first close of its inaugural fund. The fund also aims to raise an additional INR 150 crore under the green shoe option.Shivalik Group, a real estate developer, has attracted significant interest from high-net-worth individuals and family offices in the first close. The fund primarily targets investments in both residential and commercial sectors, as well as plotting projects in Ahmedabad's high-growth areas.Shivalik Group claims to have delivered over 75 projects, contributing to more than 15 million sq ft of real estate development. The group has also developed over 12 micro markets across Ahmedabad.
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