Saroj Poddar Group, Keventer launch ₹400 crore realty AIF
In short
Saroj Poddar Group and Keventer have launched a category II AIF focused on real estate. The target corpus is ₹400 crore, and it can rise to ₹600 crore with a ₹200 crore greenshoe.
The report says this is the first AIF from a West Bengal real estate developer. It does not name investors or say how fast the fund will deploy money.
What the reporting says
Saroj Poddar Group and Keventer launched a category II Alternative Investment Fund focused on real estate, with a target corpus of ₹400 crore. BusinessLine said it is the first AIF launched by a real estate developer from West Bengal and can expand to ₹600 crore through a ₹200 crore greenshoe option. The reporting does not state the fund’s investors, strategy details or launch date beyond the announcement.
Why it matters
Saroj Poddar Group and Keventer launched a category II Alternative Investment Fund focused on real estate, targeting a ₹400 crore corpus with a ₹200 crore greenshoe option that could lift it to ₹600 crore. The reporting says it is the first such AIF from a West Bengal real estate developer. The available material does not specify the fund’s investors, deployment timeline or asset mix.