DHFL Group company, Arthveda Fund Management, has launched 'Arthveda Star Fund'. This is 200 core realty fund, with a greenshoe option to raise an additional Rs. 100 crore, aims to invest in greenfield residential projects.
The fund manager will invest 75% of the money in middle income housing projects across 16 Tier II / III cities and metro outskirts. The remaining can be invested in other greenfield housing projects.
Highlights of Arthveda Star Fund..!
# The Arthveda Star Fund intends to choose 30 to 35 projects of investment ticket size between Rs. 5 crore and 20 crore.
# To contain the risk involved with each project, the fund will have active control of SPV's (Special Purpose Vehicles) housing these projects, with ownership of at least 51% of SPV.
# The fund will invest in equity and equity related instruments of the SPV.
# Investors in this fund are expected to enjoy capital appreciation over a period of fund life as investee projects reach completion.
# The fund carries all risks associated with a real estate sector fund. Worsening of macro variables in real estate sector and project specific execution risks are the key risks investors are exposed to.
# The Arthveda Star Fund's maturity period is 3 years, with an option of extension of two terms of one year each.
# Any one can buy into the opportunity with a minimum one time investment of Rs. 10 lakh.
# If you intend to invest in installments, you have to invest minimum Rs. 25 lakh in 3 installments spread over 6 months.
# The fund charges a management fee of 2% per annum, payable quarterly. There is an entry load of 2% for investments less than Rs. 1 crore and 1% for investments above Rs. 1 crore.
# The fund will have a 20% share in profits above the hurdle rate of 12 % per annum.
About DHFL Group..!
Wadhawan Group set out on its journey with a vision of fulfilling the most fundamental of human needs-shelter. About last 27 years, the group has gained a reputation for trust and reliability in the construction and financial services sectors.
Now, the group has strong presence in Housing Finance, Retail, Food & Beverages, Lifestyle, Hospitality, Education & Real Estate. The group employs 4,000 people across various businesses spread across multiple locations in India, UAE & UK. The group prides itself on its youthful management team and has set aggressive goals for expansion in India and abroad. The group vision is to be a globally respected institution from India.
DHFL (Dewan Housing Finance Corporation Limited ), the second oldest housing finance institution in India is the flagship company of Wadhawan Group. With a network of abouy 425 offices in India and 2 overseas representative offices in Dubai, UAE and London, UK DHFL is among the most respected and trusted financial institution in India. As on 31st March 2011, the asset base of DHFL stood at Rs. 18, 72o crore.
IndiaWadhawan Group
HDIL Towers, 4th Floor,
Anant Kanekar Marg,
Bandra (E), Mumbai 400051,
F: + 91 22 6774 8272
O: +91 22 6774 8000
E: info@whpl.co.in
UAE
Dewan Housing Finance Corporation Ltd
P.O. Box 48991
Office No. 211
2nd Floor, Atrium Center
Khalid Bin Al Waleed Road,
Bank Street
Bur-Dubai
UAE
E: dubai@dhfl.com
O: 009714 3524905
F: 009714 3524906
U.K.Dewan Housing Finance Corporation Ltd
53 - 55 Uxbridge Road
Ealing
London W5 5 SA
E: london@dhfl.com
O: 00 44 2085791711
F: 00 44 2085791712
The fund manager will invest 75% of the money in middle income housing projects across 16 Tier II / III cities and metro outskirts. The remaining can be invested in other greenfield housing projects.
Highlights of Arthveda Star Fund..!
# The Arthveda Star Fund intends to choose 30 to 35 projects of investment ticket size between Rs. 5 crore and 20 crore.
# To contain the risk involved with each project, the fund will have active control of SPV's (Special Purpose Vehicles) housing these projects, with ownership of at least 51% of SPV.
# The fund will invest in equity and equity related instruments of the SPV.
# Investors in this fund are expected to enjoy capital appreciation over a period of fund life as investee projects reach completion.
# The fund carries all risks associated with a real estate sector fund. Worsening of macro variables in real estate sector and project specific execution risks are the key risks investors are exposed to.
# The Arthveda Star Fund's maturity period is 3 years, with an option of extension of two terms of one year each.
# Any one can buy into the opportunity with a minimum one time investment of Rs. 10 lakh.
# If you intend to invest in installments, you have to invest minimum Rs. 25 lakh in 3 installments spread over 6 months.
# The fund charges a management fee of 2% per annum, payable quarterly. There is an entry load of 2% for investments less than Rs. 1 crore and 1% for investments above Rs. 1 crore.
# The fund will have a 20% share in profits above the hurdle rate of 12 % per annum.
About DHFL Group..!
Wadhawan Group set out on its journey with a vision of fulfilling the most fundamental of human needs-shelter. About last 27 years, the group has gained a reputation for trust and reliability in the construction and financial services sectors.
Now, the group has strong presence in Housing Finance, Retail, Food & Beverages, Lifestyle, Hospitality, Education & Real Estate. The group employs 4,000 people across various businesses spread across multiple locations in India, UAE & UK. The group prides itself on its youthful management team and has set aggressive goals for expansion in India and abroad. The group vision is to be a globally respected institution from India.
DHFL (Dewan Housing Finance Corporation Limited ), the second oldest housing finance institution in India is the flagship company of Wadhawan Group. With a network of abouy 425 offices in India and 2 overseas representative offices in Dubai, UAE and London, UK DHFL is among the most respected and trusted financial institution in India. As on 31st March 2011, the asset base of DHFL stood at Rs. 18, 72o crore.
IndiaWadhawan Group
HDIL Towers, 4th Floor,
Anant Kanekar Marg,
Bandra (E), Mumbai 400051,
F: + 91 22 6774 8272
O: +91 22 6774 8000
E: info@whpl.co.in
UAE
Dewan Housing Finance Corporation Ltd
P.O. Box 48991
Office No. 211
2nd Floor, Atrium Center
Khalid Bin Al Waleed Road,
Bank Street
Bur-Dubai
UAE
E: dubai@dhfl.com
O: 009714 3524905
F: 009714 3524906
U.K.Dewan Housing Finance Corporation Ltd
53 - 55 Uxbridge Road
Ealing
London W5 5 SA
E: london@dhfl.com
O: 00 44 2085791711
F: 00 44 2085791712
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