QVC Realty to launch Rs 500-crore real estate fund with a green shoe option of Rs 300 crore

BENGALURU: Bengaluru-based real estate firm QVC Realty is launching a Rs 500-crore real estate fund with a green shoe option of Rs 300 crore. "We have received approval and is targeting a first close of Rs 150 crore by the end of October," said Prakash Gurbaxani, CEO and founder,QVC Realty, India’s first venture capital-funded real estate firm.

QVC India Real Estate Trust Fund I will be a domestic fund and will primarily invest in the residential segment across top eight cities such as Bengaluru, Pune, Hyderabad, Pune, Mumbai and Kolkata.