Half of the capital is being allocated to three identified redevelopment projects in Bandra and Andheri.
Mt. K Kapital has successfully raised Rs 350 crore through its Mt. K Resi Development Fund, a Category II SEBI-registered Alternative Investment Fund. The funding came from anchor investors including SBI, Famy Care, Rustomjee, and various high-net-worth individuals.
Half of the capital is being allocated to three identified redevelopment projects in the Mumbai Metropolitan Region (MMR). Two projects are located in Bandra and one in Andheri, each spanning between 0.5 to 1 lakh square feet.
The fund targets investing in 8–10 MMR projects, focusing on redevelopment with Rustomjee Group as the development partner. The firm is led by a core team of nine professionals headed by Binitha Dalal and Abdeali Tambawala, bringing over five decades of combined experience in real estate and fund management.
Binitha Dalal stated: "We are delighted to have reached this milestone of raising Rs 350 crore from long-term visionaries, who have partnered with us."
Boman Irani from Rustomjee Group emphasized the fund "works on the principles of win-win for all stakeholders," while JP Taparia from Famy Care highlighted the team's "right investment strategy."
Anarock Capital assisted with capital raising, with ANAROCK Group Chairman Anuj Puri noting the emerging trend of real estate AIFs as preferred alternative investments among institutional and family office investors.
