Positive impactCompany
Saroj Poddar Group, Keventer launch real estate-focussed AIF, target ₹400 crore corpus
BusinessLine 1 hr ago·2 Oct 2026, 3:01 pm
Saroj Poddar Group and Keventer have launched a new category II Alternative Investment Fund (AIF) to raise up to ₹400 crore. This fund is significant as it is the first of its kind launched by a real estate developer from West Bengal. The capital raised will be deployed into real estate projects, offering investors a way to gain exposure to the sector through a professionally managed vehicle.
For investors, this development highlights the growing trend of developers diversifying their funding sources beyond traditional bank loans. By launching an AIF, the group aims to mobilize long-term capital from high-net-worth individuals. This strategy can potentially strengthen the group's balance sheet and provide liquidity for ongoing and future projects.
Investors should monitor the fund's subscription progress and the specific projects it plans to invest in. The ability to expand the corpus to ₹600 crore through a greenshoe option indicates strong market confidence. Keeping an eye on the fund's performance and the group's execution capabilities will be key for assessing the long-term impact of this move.
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