The fund aims to invest in 8–10 projects in the Mumbai Metropolitan Region, with 50% of the initial corpus committed to three identified projects.
Mt. K Kapital has successfully raised INR 350 crore for its Mt. K Resi Development Fund, a SEBI-registered Category II Alternative Investment Fund. The funding came from anchor investors including SBI, Famy Care, Rustomjee, and various high-net-worth individuals.
Currently, 50% of the raised capital is committed to three identified redevelopment projects in the Mumbai Metropolitan Region (MMR) — two in Bandra and one in Andheri, each spanning between 0.5 to 1 lakh square feet. The fund intends to eventually invest across 8–10 projects in the MMR region, partnering with the Rustomjee Group as the Development Partner.
The Mt. K Resi Development Fund functions as an ESG Impact Development Fund, enabling investors to participate in equity returns from real estate projects with established developers.
The core team comprises nine professionals led by Binitha Dalal and Abdeali Tambawala, collectively bringing over fifty years of experience in real estate and fund management. An independent investment committee of industry experts oversees corporate governance standards.
ANAROCK Group provided significant support throughout the capital-raising process and will continue collaborating with the team.
Binitha Dalal noted: "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."
Boman Irani of Rustomjee stated the partnership creates "a new pool of capital that works on principles of win-win for all stakeholders."
