Poddar Keventer Capital Advisors to raise up to Rs 400 crore for maiden real estate AIF

New Delhi: Poddar Keventer Capital Advisors Private Limited, the investment management platform backed by Kolkata-headquartered Saroj Poddar Group (erstwhile Adventz group) and Keventer Group, will raise upto Rs 400 crore for its maiden Category II AIF.

The fund targets a corpus of Rs 400 crore, expandable to Rs 600 crore through a Rs.200 crores greenshoe option will invest in projects by this joint venture in Kolkata and Delhi.

The sponsors have committed 20% of the target corpus at Rs 80 crore.


Both the Saroj Poddar Group and Keventer Group develop real estate projects separately and will jointly develop 11-12 million sq ft in the next six years under this fund.

“We see significant opportunities across both Delhi-NCR and West Bengal, supported by evolving consumer aspirations, infrastructure-led development and sustained demand for quality real estate. While the opportunity is compelling, our experience has shown that converting it into sustainable value requires disciplined capital deployment and strong execution on the ground,” said Mayank Jalan, Chairman & Managing Director, Keventer Group.

Saroj Poddar Group is a USD 3 billion diversified business conglomerate while Keventer Group is one of Eastern India’s leading business groups, with established businesses across Food & FMCG and Real Estate.

“The rapid growth of India’s AIF ecosystem reflects the increasing role of alternative capital in supporting the country’s growth opportunities, with real estate emerging as one of its key investment destinations. At the same time, the evolution of the regulatory framework, including SEBI’s recent measures around scheme launches, governance and fund lifecycle management, is helping strengthen the institutional architecture of the asset class,” said Akshay Poddar, Promoter, Saroj Poddar Group.

The Poddar Keventer Real Estate Fund – Scheme I will pursue a secured real estate debt strategy across Delhi-NCR and West Bengal, with a target gross IRR of 18%–22% before expenses.

The Fund will provide structured financing to select real estate projects including ultra-luxury, premium and mid-market developments. Its investment framework combines secured debt structures with security cover, escrow and covenant safeguards, milestone-linked drawdowns and ongoing monitoring.

“We will focus on opportunities where the underlying project fundamentals, promoter capability and cash flows provide the right basis for structured financing,” said Gaurav Agarwala, Head of Operations, Poddar Keventer.