Rustomjee Group launches $75-M realty fund Mt. K Kapital

Real estate developer Rustomjee Group is setting up a Mumbai-focused realty development fund, valued at USD 50-75 million, named Mt. K Kapital. The fund will invest in completed mixed-use commercial assets across various cities. The fund has filed for CAT II AIF Licence with capital markets regulator Securities and Exchange Board of India (Sebi). Binitha Dalal and Abdeali Tambawala, as founders of Mt. K Kapital, will lead the venture. The company aims to bring in assets with a top line of USD 500 million in the first fund.