The fund gathered Rs 500 crore from institutional and HNI investors including SBI, ICICI Bank, and Famy Care.
Alternative investment fund Mt K Kapital announced it has raised over Rs 500 crore for deployment in real estate projects across the Mumbai Metropolitan Region.
The fund gathered Rs 500 crore for its maiden fund — Mt. K Resi Development Fund Category II, a SEBI-registered Alternative Investment Fund — from institutional and high-net-worth investors including SBI, ICICI Bank, and Famy Care.
Keystone Realtors (Rustomjee Group) has already committed over Rs 300 crore toward five Mumbai region projects. The fund is currently exercising its green shoe option with plans to complete a final close imminently.
The company projects that "macroeconomic conditions are likely to strengthen the real estate market" and potentially achieve internal rates of return exceeding 25%.
Mt K Kapital targets quick-turnaround residential projects with modest equity requirements, offering investors profit participation from redevelopment assets throughout Mumbai. The fund intends to invest across 10–12 MMR projects emphasising redevelopment partnerships with Rustomjee Group.
Boman Irani, Rustomjee Group's Chairman & Managing Director, stated the platform operates on "principles of transparency and alignment of interest between the investor and the developers."
Binitha Dalal, Mt K Kapital's Founder and Managing Partner, expressed confidence in "investment opportunities in the MMR" given the firm's market positioning.
