Reliance AIF, part of Reliance Capital Asset Management Company, is planning to raise ₹1,000 crore from the domestic and overseas market to invest in real estate projects across the country, said a top company official.
The fund, including a greenshoe option of ₹500 crore, will invest primarily in residential projects in top five property markets, including Mumbai, Delhi-NCR, Bengaluru, Pune and Chennai.
The fund under the AIF category Investment Funds (AIF) category II will be investing in mid-income and affordable housing projects through structured debt.
Source- "The Economic Times"
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