Meenakshi Alternates Launches Realty Focused ₹700 crore AIF
Fund
for investments in real estate across top-tier cities in India.
This SEBI-approved Category II AIF adopts a hybrid investment strategy by targeting a mix of debt and
equity
investments with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option). Meenakshi Group has committed up to 20% of the fund size as sponsor
capital
.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
After Losing Weight Kevin James Looks Like A Model
33 Bridges
Undo
The Meenakshi Real Assets fund, through a six-year horizon, targets 6 to 8 high-conviction deals, with a focus on self-liquidating real estate assets that offer both consistent cash flows and equity upside.
The fund aims to allocate capital to Tier I developers, market leaders, and key players in high-potential micro-markets within real estate
asset
classes, with individual investments of up to ₹70 crore per transaction.
" Securing the AIF license marks a significant milestone for us," said Mahesh Katragadda, CEO of Meenakshi Alternates. "We are seeing strong early interest, and our team is evaluating prospective opportunities. Currently, we have three potential deals under
due diligence
, and we have secured soft commitments from the Meenakshi Group, its network, and early investors."
Live Events
"We are leveraging our established track record in real estate to offer institutional-grade, well-structured financial products. Building long-term trust, delivering consistent returns, and optimizing how capital is deployed to drive high-quality investment opportunities is our goal," Mahesh added .
Meenakshi Group has 13 million sq. ft. delivered, 9.5 million sq. ft. in the pipeline, 371 MW of power projects, and over 650 lane kilometers of highways.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
5 minutes ago
- Time of India
Sebi plans review of MTF margin rules to streamline risk management
Markets regulator Sebi is looking to review the margin framework under margin trading funding (MTF) in a bid to streamline risk management at clearing corporations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets regulator Sebi is looking to review the margin framework under margin trading funding (MTF) in a bid to streamline risk management at clearing its annual report for 2024-25, Sebi said a "comprehensive review exercise is being undertaken with respect to the currently applicable margining framework."Alongside this, a review of MTF and the scrips eligible under it is also under trading lets investors buy shares even if they do not have the full amount. They can purchase shares by paying only part of the price, while the rest is covered through a margin deposited in cash or as shares kept as addition to the review of margin rules, Sebi is also considering changes to the regulatory framework for angel funds. The review will focus on fundraising processes, investment conditions, and operational aspects, with the objective of facilitating ease of doing business and streamlining regulatory funds play a pivotal role in channelizing the capital of angel investors to startups in need of has further proposed to review the classification of REITs and InvITs as hybrid instruments. This move comes in response to representations from various stakeholders, the presence of equity-like features in these instruments, the development of the market ecosystem over the last decade, and global practices.A review of the regulatory framework for mutual funds is also on the cards, aimed at ensuring that the regulations remain effective, adaptable, and aligned with the evolving market part of this, Sebi is examining the restrictions presently prescribed for asset management companies (AMCs), after receiving feedback from the mutual funds industry, including the line with these efforts, Sebi intends to expand the range of permissible investment strategies under Specialised Investment Funds (SIFs).At present, SIFs allow asset management companies to offer a limited set of strategies across equity, debt, and hybrid to bridge the gap between mutual funds and portfolio management services (PMS) in terms of portfolio flexibility, the SIF framework requires investors to commit at least Rs 10 lakh across all SIF strategies.
Mint
5 minutes ago
- Mint
Godrej Properties net debt rises 42 pc to ₹4,637 cr in Q1, debt-equity ratio at 0.26
New Delhi, Aug 17 (PTI) Realty firm Godrej Properties' net debt has risen 42 per cent in June quarter to ₹ 4,637 crore as the company looks to expand its business to meet strong housing demand. Its net debt stood at ₹ 3,269 crore at the end of last fiscal. According to its latest investors presentation, the company's debt to equity ration has risen to 0.26 from 0.19 but it is still at a very comfortable level. In a conference call with analysts, Godrej Properties MD and CEO Gaurav Pandey said, "From a debt perspective, we have laid out an absolute cap that we would like to look at for net debt of ₹ 10,000 crore. So, we do have a fair amount of room and even that would only take us to about 0.5 or a little bit above that range." He noted that there is more than enough sources of cash, both between operating cash flow and room to borrow a little bit in case there is any short-term need. "But I think the decider of exactly where debt ends this year will be how much beyond this ₹ 20,000 crore guidance, we are able to do on business development," Pandey said. In the last few years, Godrej Properties has been very aggressive in acquisition of land parcels to build group housing projects as well as plotted (residential) development. For the current 2025-26 financial year, the company has given a guidance that it will acquire multiple land parcels to build housing projects worth ₹ 20,000 crore. During the first quarter of this fiscal, Godrej Properties acquired five land parcels to build housing projects with revenue potential of ₹ 11,400 crore. The company acquired these five new land parcels in Mumbai, Pune, Bengaluru and Panipat. These acquisitions were through outright purchase and joint development agreements with land owners. Godrej Properties has maintained that it is on track to meet or even exceed ₹ 32,500 crore sales bookings target for this fiscal. During the 2024-25 fiscal, the company's sales booking rose 31 per cent to a record of ₹ 29,444 crore from ₹ 22,527 crore in the preceding year. In the first quarter of this fiscal, Godrej Properties reported an 18 per cent decline in its pre-sales or sales bookings to ₹ 7,082 crore. During the last two financial years, Godrej Properties was the country's largest real estate firm in terms of sales bookings. The company is likely to retain its top rank for the third consecutive fiscal year, if it achieves the sales bookings target of ₹ 32,500 crore. On financial front, Godrej Properties recently reported a 15 per cent increase in its consolidated net profit to ₹ 598.40 crore in the first quarter of this fiscal as against ₹ 518.8 crore in the year-ago period. Total income, however, fell to ₹ 1,620.34 crore in the April-June period of 2025-26 fiscal against ₹ 1,699.48 crore in the corresponding period of the preceding year. The Mumbai-based firm posted a net profit of ₹ 1,389.23 crore on a total income of ₹ 6,967.05 crore during the last financial year.
Time of India
8 minutes ago
- Time of India
The Barbell Advantage: Positioning for stability and opportunity in Indian fixed income
The global fixed income backdrop is shifting as the US Federal Reserve looks poised to deliver its first rate cut of the current cycle this September. Markets place the odds of a 25 basis point cut at nearly certain levels, with the target fed funds range expected to move from 4.25–4.50% down to 4.00–4.25%. With signs of slowing labour markets, muted inflation pressures, and the potential for up to three cuts before the end of the year, this marks a clear pivot from the Fed's long pause since December 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 1 minute and see why everyone is addicted. Undo Whenever US yields have moved materially, Indian bond yields have tended to react, largely via sentiment and capital flows. Previous easing cycles in the US have often led to benign moves in Indian yields, though the scale and speed vary depending on domestic conditions. Right now, the global shift towards easing, if sustained, can encourage flows into emerging market debt such as India's — a factor that can help anchor local yields, especially in the absence of major fiscal shocks. Live Events Domestically, Indian bonds have held up in the face of global volatility. The RBI has already front-loaded policy easing since February, cutting the repo rate by a cumulative 100 basis points to 5.50%. This was complemented by large liquidity support, with a further 100 basis point CRR cut to be phased in from September to November, adding approximately INR2.5 lakh crore of liquidity into the banking system. Inflation has been running below the 4% target, with CPI in July printing at just 1.55%, though the RBI's projections point towards a gradual climb, crossing 4% in early 2027. Growth forecasts remain steady at 6.5% for FY26, supported by rural consumption recovery and government-led capital expenditure . As many market participants have also observed, the local yield curve has steepened in recent months, especially between the 10-year and 15-year maturities, as limited 10-year supply and cautious sentiment have pushed intermediate yields higher. Ultra-long bonds have been relatively more stable. This steepening has occurred even though the underlying global and domestic macro backdrop arguably favours a constructive duration view. For fixed income investors, the next 12–18 months seem to offer opportunities at both ends of the maturity spectrum. In the near term, credit spreads in high quality corporate bonds remain stable and attractive. Pairing 1–5 year AAA-rated corporate bonds with short-duration accrual strategies can deliver steady income while benefiting from the downward drift in short-term rates as CRR cuts inject liquidity. This part of the portfolio plays defence while locking in yields that may compress further. The other leg of positioning is to maintain core exposure to long-duration government bonds , particularly in the 14–15-year segment and selectively at the very long end. The steepening at the longer end seems to be overdone relative to fundamentals, and a normalisation of sentiment or moderation in supply could see spreads compress. If Fed easing and global growth softness push US and Indian yields lower, this part of the book stands to benefit from capital gains. Together, this barbell approach — accrual-oriented short duration plus strategic long duration — aligns with an outlook where local rates are near the end of their easing cycle but global conditions remain supportive for bonds. The RBI may hold through October and consider one final 25 basis point cut in December, but even without it, abundant liquidity and anchored inflation expectations should keep yields well-supported. Risks remain — from renewed inflation pressures, higher long-bond supply, or global shocks — but the balance of probabilities favours a stable to stronger bond market backdrop. Investors, therefore, can use the current steepness in parts of the curve to add duration selectively while earning carry from shorter corporate exposures. It's a patient strategy for a cycle that appears closer to its bottom in India yet is still in its early stages globally. (The author is Managing Director and Head of Investment Strategy & Solutions, Waterfield Advisors.)
