Approximately half of the funds are committed to three identified redevelopment projects in Bandra and Andheri.
Mt. K Kapital has announced a Rs 350 crore fundraise, with approximately half of these funds committed to three identified redevelopment projects in the Mumbai Metropolitan Region. Two projects are located in Bandra and one in Andheri, each ranging from 0.5 to 1 lakh square feet.
The fund operates through Mt K Resi Development Fund, an ESG Impact Development Fund holding a SEBI-approved Category II Alternative Investment Fund licence. The broader strategy aims to invest in eight to ten projects across the MMR region, partnering with the Rustomjee Group as the development partner.
According to Founder Binitha Dalal: "We are delighted to have reached this milestone of raising Rs 350 crore from investors who are not just industry stalwarts, but also long-term visionaries."
Key stakeholders include Anarock Group, which played a central role in facilitating the fundraise, alongside anchor investors Famy Care and SBI. The company's long-term vision is establishing itself as one of India's premier real estate fund management platforms.
