Mt K Kapital raises INR 500 crore for Mumbai Metropolitan real estate fund with SBI and ICICI.
Mt K Kapital has successfully raised over Rs 500 crore for its inaugural residential development fund aimed at real estate projects in the Mumbai Metropolitan Region. Major investors include SBI, ICICI Bank, and high-net-worth individuals. The fund has already allocated Rs 300 crore to five projects with the Rustomjee Group and plans to invest in 10-12 redevelopment projects, targeting an internal rate of return exceeding 25%.
September 25, 2024
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