Mt. K Kapital has raised over Rs 500 crore through its maiden residential development fund from key investors including SBI, ICICI Bank, Famy Care, family offices, and HNIs.
Real estate focused fund management company Mt. K Kapital has raised over Rs 500 crore through its maiden residential development fund from key investors including the State Bank of India (SBI), ICICI Bank, pharmaceutical major Famy Care, family offices and high-net-worth individuals (HNIs).
The fund has committed over Rs 300 crore to five Rustomjee Group projects in Mumbai and is targeting a final close soon. The five projects are located across strategic Mumbai neighbourhoods including Pali Hill in Bandra West, Versova, Mt Mary Road in Bandra West, and Prabhadevi.
Two of the five projects have received necessary approvals, with construction already underway and active sales. The firm's strategy focuses on quick-turnaround residential projects requiring low equity investments — a model that has proven highly effective in Mumbai's redevelopment market.
Binitha Dalal, Founder and Managing Partner, stated: "We are excited to have visionary investors and Rustomjee's support in building this platform." She added that the firm is actively evaluating additional projects with deal sizes between Rs 60–90 crore.
