Bajaj Alts raises Rs 950 crore in first close of maiden real estate fund
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bajaj Alts raised Rs 950 crore in the first close of its maiden real estate fund on October 12.
- ✓The fund targets a Rs 2,000 crore corpus to build Grade A commercial office assets.
- ✓Sanchit Bhatia said, "Our strategy is focused on partnering with established developers to co-develop high-quality commercial office assets."
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Bajaj Alts, the alternative investment arm of Bajaj Finserv, has raised around Rs 950 crore in the initial close of its maiden real estate fund, which will invest in joint ventures with developers to build Grade A commercial office assets, the company said on October 12. The fund, Bajaj Alts Real Estate-Growth Fund I, is targeting a corpus of Rs 2,000 crore, including a green-shoe option. It has secured commitments from family offices, institutions and high-net-worth individuals.
The fund's strategy marks a push into equity-led commercial real estate development, a segment Bajaj Alts says has historically seen limited participation from domestic investment strategies compared with debt financing for residential developers and the acquisition of completed assets.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.