Industrial Investment Trust Limited to launch real estate focused Rs 500 crore AIF

Industrial Investment Trust Limited (IITL), a non-banking financial company has planned to launch a Category I Alternative Investment Fund (AIF) focused on India’s booming real estate sector with a target corpus of Rs 500 crore.

IITL’s current investment portfolio stands at Rs 405 crore(as on 30th September 2024), with diversified investments across multiple industrial sectors.

The fund will invest in both residential and commercial real estate driven by housing demand, office leasing, the rise of flexible workspaces, and surging domestic tourism.


The new AIF will focus on Tier 1 and Tier 2 cities, partnering with Grade A developers to bring high-quality residential and commercial projects to fruition.

IITL is also launching a Housing Finance Company dedicated to providing accessible financing solutions for home buyers and property upgraders.

“India’s real estate sector is on a powerful growth trajectory, and we see immense potential in partnering with esteemed developers across the country. With the launch of this AIF, we aim to deliver value-driven investment options to our stakeholders while supporting urban expansion and sustainable development,” said Bipin Agarwal, chairman and managing director of Industrial Investment Trust Ltd.

Incorporated in 1933, Industrial Investment Trust Limited (IITL) started as an investment trust providing expert portfolio advice to shareholders, with initial capital from prominent financial entities.

Listed on BSE and NSE, IITL became a Non-Banking Financial Company (NBFC) in 2000, focusing on investments in shares, stocks, debentures, and bonds, as well as private equity and margin funding.

For FY ending March 2024, IITL posted operating income of Rs 75.94 crore, net income of Rs 64.86 crore, and a year-on-year net profit growth of 18.6% at Rs 51 crore, reflecting its robust financial trajectory.