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VIKAS CHIMAKURTHY
Special situation funds, NBFCs eye investment opportunities in stressed real estate“The current environment will lead to more financial challenges for realty developers. Hence there will be a need for patient capital and t...
Last-mile funding for stuck home projects a big draw for investorsPositive interest follows govt’s Rs 25,000 crore boost for stressed housing projects.
FIs play safe, want promoters of realty cos to pitch in, tooIn the backdrop of liquidity concerns and sluggish sales momentum, institutional investors have turned more selective with type and structu...
Kotak’s realty fund eyes distressed projectsAfter generating up to 23% returns on previous bets, the fund is looking to invest in 4-5 stuck projects that can be revived and completed ...
Tycoon’s fund warns Indian realty bad-loan crisis to get messierKotak Realty Fund has asked lenders to recognize soured debt and take a haircut on the credit given to apartment builders.
Institutions invest $3.5 billion in Indian realty this yearPositive sentiment after first REIT listing helps boost investments.
Kotak Mahindra group sets up USD 400 million fund with DivyaSree to build office propertiesThe fund's strategy is to develop greenfield projects as well as acquire under construction and completed assets across key markets in Indi...
Big PEs, NBFCs eye low-cost housing with government incentivesThe government has been pushing affordable housing in its bid to achieve ‘Housing For All by 2022’ and the efforts are showing with money f...
Builders, PE firms tap refinancing option to lower cost of fund, exit“Significant amount of exits in the past 18 months have been through refinancing,“ said Vikas Chimakurthy, senior executive di rector, Kota...
Kotak Realty Fund invests Rs 155 cr in Chennai residential projectIn one of the largest residential deals in Chennai in the last one year, the private equity fund has invested Rs 155 crore in a project of ...
Uday Kotak’s fund predicts prolonged slump in India home salesIndia’s property market has been sluggish, driving new project launches down by 9 per cent to 107,120 units in the first half of the year, ...
Kotak Realty Fund raises $250 million equity fundKotak Realty Fund has raised $250 million from institutional investors for equity investments in realty projects across the country, the fu...
Kotak Realty Fund logs 21% returns from timely exits in housing projects and hospitality companiesThe fund is also working on securing a few more exits worth Rs 250 crore, which are likely to materialise in the next financial year.
PEs, NBFCs secure exits worth $633 million from realty in first 9 months of 2015Much of the exits, however, have come by way of refinancing by builders, who are keen to replace high-cost funds with relatively lower cost...
Piramal Fund, Altico Cap to invest Rs 725 crore in century projectsPiramal Fund Management and Clearwater Capital’s non-banking financial company Altico Capital have entered into an agreement to invest Rs 7...
- Kotak Realty Fund sells stake in Bangalore project
Kotak Realty Fund, the real estate private equity fund of Kotak Mahindra Group, has sold most of its stake in a high-end residential projec...
- At hint of recovery, realty cos hike rates by 15%
With buyers keen in residential property again, especially in NCR & Mumbai, prices have moved up 10-15%. Land as investment I QIPs: New man...