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Kotak Realty to raise 
600 Crore in 4th realty fund
By siliconindia
Mumbai: The private equity wing of Kotak Bank, Kotak Realty Fund Group, plans to raise 
600 crore through its fourth realty fund to be launched in the next few days. The fund will be raised from domestic market with a green-shoe option of 100 crore, reports Times of India.
The fund will be invested in residential properties across India. S. Sriniwasan, CEO, Kotak Realty Fund, said that it will be their fourth fund and some of their first fund investors have shown interest in participating in this fund, which will be raised in early June. With a total of $750 million worth of assets under advisory through three funds including $331 million Kotak Alternate Opportunities India Fund and an offshore fund of $265 million. Almost after three years Kotak are raising their new fund.
600 crore through its fourth realty fund to be launched in the next few days. The fund will be raised from domestic market with a green-shoe option of 100 crore, reports Times of India.
The fund will be invested in residential properties across India. S. Sriniwasan, CEO, Kotak Realty Fund, said that it will be their fourth fund and some of their first fund investors have shown interest in participating in this fund, which will be raised in early June. With a total of $750 million worth of assets under advisory through three funds including $331 million Kotak Alternate Opportunities India Fund and an offshore fund of $265 million. Almost after three years Kotak are raising their new fund.
