 |
| Mr. Vikas Chimakurthy |
India's fifth largest private sector lender by revenue, Kotak Realty Fund, raised Rs. 523 crore to lend to real estate developers with an assured return.
Mr. Vikas Chimakurthy, Director, Kotak Realty Fund said, ''It is a high inflationary environment and we are sure to get equity like returns on debt like risks. Kotak has raised money from its existing investors. Our investors are satisfied with the returns and hence agreed to invest in the debt fund which they preferred more over equity"
Kotak Realty Fund, Which manages R3,500 crore. Private equity investors invested $ 784 m in real estate projects between January and September, 2011, 4% lower than in the same period previous year.
Kotak Investment Advisors LimitedKotak Realty Fund (KRF)
6th Floor, INGS Point Building, Plot No. 8
(Near University Campus),
CST Road, Kalina, Santa Cruz (E)
Mumbai – 400 098
No comments:
Post a Comment