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By EquityPandit

Kotak Realty has raised Rs 1,600 crore for residential projects

March 9, 2016

Kotak Realty, Kotak Mahindra Group‘s private equity arm, has increased Rs 1,600 crore for investing in residential projects across six cities over the next 3-4 years.

Kotak Realty Fund Chief Executive S Sriniwasan said that “We have closed a fresh commitment of Rs 1,600 crore from institutional investors for equity investments in residential projects in the six major metros.”

He further said that the company will be investing in projects coming up in cities like Mumbai, Delhi, Bengaluru, Pune, Hyderabad and Chennai.

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