Bengal’s first realty AIF takes off with Rs 600-crore fundraising target
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Saroj Poddar Group and Keventer started Bengal’s first real estate-focused alternative investment fund, targeting ₹600 crore.
- ✓The fund will invest in residential projects in Calcutta and Delhi.
- ✓Mayank Jalan said, “This is the first AIF to come up from Bengal in the real estate sector.” Many investors showed interest in this.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Telegraph India
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Saroj Poddar Group and Keventer are set to launch Bengal’s first real estate-focused alternative investment fund (AIF), targeting up to ₹600 crore from investors as optimism over the new government rekindles interest in the state’s property market. As sponsors, the two groups have committed ₹80 crore in the category-II AIF, which will exclusively invest in residential real estate projects that Poddar and Keventer are developing jointly in Calcutta and Delhi.
“This is the first AIF to come up from Bengal in the real estate sector. We have received good response from family offices, HNIs from Mumbai, Delhi so far. It is a reflection of the interest generated among investors in Bengal’s real estate post the state election,” Mayank Jalan, chairman & managing director of Keventer, said.
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Telegraph India
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