Sunday 23 September 2012
Sunday 13 May 2012
Anand Rathi & Knight Frank Eye $100m in Second Realty Fund
Knight Frank India and Anand Rathi Financial Services had joined hands 2 years ago to raise Rs 225 cr rental yield fund. Anand Rathi Financial Services and property consultancy Knight Frank India are planning to launch their second real estate fund by end of these months and looking to raise around Rs 500 crore, sources have said. Unlike its peers who are hitting foreign shores to raise new funds, the joint fund rental yield and appreciation portfolio (RYAP) fund will be raised from the domestic market. Like its predecessor, it will invest in commercial assets in tier I cities which include Mumbai, Pune, Bangalore, National Capital Region (NCR) and Chennai. The fund would be targeting returns of 10-12 per cent from its investments and expects to stay invested in an asset for four-five years.
Knight Frank India and Anand Rathi Financial Services had joined hands 2 years ago to raise Rs 225 cr rental yield fund. Anand Rathi Financial Services and property consultancy Knight Frank India are planning to launch their second real estate fund by end of these months and looking to raise around Rs 500 crore, sources have said. Unlike its peers who are hitting foreign shores to raise new funds, the joint fund rental yield and appreciation portfolio (RYAP) fund will be raised from the domestic market. Like its predecessor, it will invest in commercial assets in tier I cities which include Mumbai, Pune, Bangalore, National Capital Region (NCR) and Chennai. The fund would be targeting returns of 10-12 per cent from its investments and expects to stay invested in an asset for four-five years.
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