An alternatives-focused asset management venture, in collaboration with a global real estate services provider, has raised about ?1,700 crore in the first close of its maiden real estate fund. The capital has been secured from domestic investors, including high–net-worth individuals and family offices, and will be deployed in India’s commercial real estate sector—a space traditionally dominated by international institutional investors.

The new office-focused fund will target Grade A commercial properties across India’s six major markets: Mumbai, Bengaluru, the National Capital Region, Pune, Chennai, and Hyderabad. These cities collectively contribute more than 70% of the country’s annual office leasing activity.

Classified as a Category-II Alternative Investment Fund (AIF) with a six-year tenure, the fund is expected to facilitate investments in office assets worth over ?6,000 crore through project-specific leverage. The entire corpus is planned to be deployed within the next two years, with an overall portfolio target of 5–7 million sq. ft. across multiple cities.

Investor appetite for Indian commercial real estate remains strong, supported by sustained demand for office space and the country’s steady economic growth.

In addition to prominent domestic investors, several global institutions have historically shown interest in this segment, further strengthening India’s commercial property market.

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