Meenakshi Group to raise up to ₹700 crore for a real estate-focused alternate investment fund
The fund, with a total corpus of ₹700 crore (including a ₹350 crore greenshoe option), will follow a hybrid investment strategy by deploying capital across both debt and equity instruments, the company said.
With a six-year investment horizon, the Meenakshi Real Assets Fund will target 6 to 8 high-conviction deals, focusing on self-liquidating real estate assets that offer a combination of steady cash flows and capital appreciation. The fund is geared toward working with Tier I developers operating in high-growth micro-markets across key urban centres, with deal sizes of up to ₹70 crore per transaction, the company said.
Also Read: ASK Property Fund, ISIR-backed real estate AIF raises ₹500 crore for Investment in luxury housing projects
'Securing the AIF license allows us to bring institutional-grade, well-structured investment products to the market. We're already seeing strong early interest, and we have three deals currently under due diligence. We've also received soft commitments from the Meenakshi Group, its wider network, and early investors," Mahesh Katragadda, CEO of Meenakshi Alternates, said.
'Our goal is to build long-term trust and deliver consistent returns by leveraging our strong track record in real estate. We are focused on creating value through disciplined capital deployment and high-quality investment opportunities," he said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
28 minutes ago
- Hindustan Times
Yes, It Pays to Share a Home With Family. But Plan for Some Challenges, Too.
Whether it is college graduates taking over the basement because they can't afford to buy or rent, or grandparents seeking the security of family as they age in place, multigenerational households in the U.S. have skyrocketed. According to the Pew Research Center, between 1971 and 2021, the last year for which these statistics are available, the number of people living in multigenerational households quadrupled. The trend is driven by financial issues, the need for caregiving for both children and older adults, and delays in new household formation by young adults. Yes, It Pays to Share a Home With Family. But Plan for Some Challenges, Too. But despite the benefits of communal living, there are challenges as well. Twenty-three percent of adults in multigenerational households say it is stressful all or most of the time, and 40% admit it is stressful some of the time, according to Pew. That is why flexible floor plans that enhance privacy, a healthy respect for boundaries and candid discussions upfront among family members are key to the success of any multigenerational arrangement. Darlene Gibson, 56, and her husband, Jim Gibson, 58, have been sharing their 2,600-square-foot home in Goodyear, Ariz., with Jim's mom, Cheryl, since they purchased it for $422,490 in 2021. Before moving in, Cheryl, 79, was living on her own in rural Virginia, where she was isolated and dependent on others to get around. Today, the family is living together in a style of home that is becoming more popular as multigenerational living becomes more common. Miami-based Lennar has sold its Next Gen home design since 2011, according to Alan Jones, the company's division president in Tempe, Ariz. These models include an attached private suite with a separate entrance, kitchen, living room, bedroom, bathroom and laundry facilities. 'We call it two homes in one,' Jones said. 'A person can live in this space completely independent from the other family.' Jones said that Next Gen homes make up 25% of the company's sales in the Phoenix market and that while prices vary by market and model, the price of a typical 3,000-square-foot Next Gen home is approximately $15,000 more than a similarly sized home without the multigenerational features. But Lennar isn't the only builder offering floor plans designed for multigenerational living. Many homes sold by Fort Washington, Pa.-based Toll Brothers can be customized for multigenerational living as well. In addition, many existing homes are suitable for multiple generations. According to nationally, about 3.8% of homes listed between Jan. 1 and June 21 advertised an additional dwelling unit, in-law suite or casita in the listing description, and homes featuring one of these additional dwelling units had median listing prices 20.6% higher than the market median. (News Corp, owner of The Wall Street Journal, also operates Cheryl Gibson now has the equivalent of her own apartment, where she bakes and gets together with friends. She's lost weight because she's active in the community, using the clubhouse for bingo and craft night. When she needs to go to a doctor's appointment, Darlene and Jim are there to support her. But the arrangement only works, Darlene said, because of mutual respect. Except for emergencies, no one enters the other party's living quarters without knocking first and being invited inside. The arrangement also gives the couple peace of mind, knowing they are just a few steps away in case Cheryl has a health issue or needs assistance. If you're planning to share your home with relatives of different generations, here are some things to consider. Agree on all financial and legal details up front. Hillery Dorner, a real-estate attorney with Dorner Law & Title Services in Concord, Mass., suggests that the parties outline everyone's expectations, responsibilities and financial obligations in a written cohabitation agreement. The agreement should include an exit strategy to lay out what happens if one of the parties dies, gets divorced, needs to move to assisted living or just wants to leave the shared home. If title to the property is held by all parties jointly, that exit strategy should include a method of valuing the home in case one party wants to buy the other out, according to Zachary D. Schorr, a real-estate attorney in Los Angeles. Plan to revisit the agreement every year or so to update it to reflect changing finances and needs. Decide whose names go on the deed. If you need your parents' help to qualify for a mortgage, it is likely the lender will require them to be on the deed and mortgage. Decide whether you want to own the property as joint tenants with right of survivorship, where the surviving party automatically owns the entirety of the property if the other owner dies, or tenants in common, where a deceased owner's share goes to his or her heirs, which could possibly leaving the survivor as a co-owner with strangers. Schorr said that holding title in the name of a trust is a good option as well, assuming the lender will allow it. 'With a trust, there would be a mechanism for who gets what if someone dies or wants out,' he said. Create an emergency fund. Donna Butts, senior fellow at Generations United, a nonprofit that advocates for intergenerational programs and multigenerational living, suggests that families create an emergency fund, to which everyone contributes, to cover unexpected repairs. That fund could also be used to modify the home to allow older adults to age in place or to childproof the home for young children. 'Updating a home for one generation can positively impact multiple generations,' she said. 'That front-loading washer makes it easier not just for older adults but for children who want to help. Accessibility enhances everyone's ability to enjoy the home they share.'
Time of India
3 hours ago
- Time of India
India-US trade deal: US team may cancel August visit, says report; 50% Trump tariffs to take effect from August 27
Postponing or rescheduling the meeting is important because the US has imposed a significant 50% on Indian products. (AI image) India-US trade deal: As India looks at the possibility of a 50% tariff on its exports to the US effective August 27, the sixth round of trade deal talks between the two countries may be postponed. An official told PTI that a US team, initially set to visit India from August 25 for the next round of negotiations on the proposed bilateral trade agreement, is expected to postpone the meeting. Up to now, five rounds of discussions have been completed for the proposed bilateral trade agreement (BTA), and the US team was supposed to come to India for the sixth round. The negotiations were planned for August 25-29. "This visit is likely to be rescheduled," the official said. Also Read | 'Russia lost an oil client, which is India': What Donald Trump said before meet with Putin; 'secondary sanctions would be devastating…' India talks tough on important sectors Postponing or rescheduling the meeting is important because the US has imposed a significant 50% on Indian products. The US is seeking increased market access in sensitive sectors like agriculture and dairy, which India cannot agree to as it would impact the livelihoods of small and marginal farmers. India has made it clear that it will not compromise the interests of its farmers and cattle rearers. The US and India have announced their intention to finalize the first phase of the Bilateral Trade Agreement (BTA) by the fall of 2025. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dementia Has Been Linked To a Common Habit. Do You Do It? Memory Health Click Here Undo Both countries aim to more than double their bilateral trade to $500 billion by 2030, up from the current $191 billion. Also Read | Trump sees a 'dead economy' - but US-based S&P Global upgrades India's credit rating - here's why A 25% tariff on Indian goods entering the US has been in place since August 7. An additional 25% tariff, imposed as a penalty for India's purchase of crude oil and military equipment from Russia, will take effect on August 27. Between April and July, India's exports to the US grew by 21.64 percent, reaching $33.53 billion, while imports increased by 12.33 percent to $17.41 billion, as reported by the commerce ministry. The US was India's largest trading partner during the April-July period of 2025-26, with bilateral trade amounting to $12.56 billion. Since April this year, India's exports to the US have been showing positive growth. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
The Hindu
4 hours ago
- The Hindu
Saad Kassis-Mohamed's SKM Capital announces intention to revive Caterham F1 team for 2027 entry
The 2026 Formula 1 season will see the grid swell up to eleven teams for the first time in ten years, with the inclusion of General Motors-backed Cadillac F1 team. A twelfth entrant also could be a possibility after Kuwaiti investor Saad Kassis-Mohamed announced his intention to revive the dormant Caterham F1 team as SKM Racing, subject to approval from the FIA and rights holder Liberty Media. SKM Capital, of which Kassis-Mohamed is the board director, aims to secure an entry ahead of the 2027 season. The team will function out of a technical base in Silverstone and will have a race operations unit in Munich. 'F1 now operates with clearer financial guardrails and stable technical frameworks, making the category investable. We like the intersection of elite engineering, a global platform, and predictable cost governance,' Kassis-Mohamed told Sportstar. Caterham was part of the F1 grid for three seasons (2012-2014), during which it failed to score a single point. An eleventh-place finish for Vitaly Petrov in the 2012 Brazilian Grand Prix was the team's best result. After entering administration in October 2014, the team returned for a final race in Abu Dhabi that year, managing to raise enough money via crowdfunding. With the administrators failing to find a new investor, the team folded at the end of the year, with its remaining assets auctioned off in March 2015. 'Caterham has strong recall and no current grid presence. A brand licence shortens the marketing ramp without reviving the defunct corporate entity or its liabilities,' the Kuwaiti entrepreneur said, outlining the reason for not marketing the team as a new entry. The road to FIA approval is still quite far, with the FIA yet to announce the reopening of its Expressions of Interest process since its previous notification in early 2023. Cadillac's confirmed F1 entry was also far from smooth. Michael Andretti's initial attempts to form an eleventh team were met with reluctance from Liberty Media. It was only after the onboarding of an Original Equipment Manufacturer (OEM) in the form of General Motors that the team was welcomed to the grid. Despite the perceived importance of OEM support, Kassis-Mohamed said the team will apply as a customer team, hoping to strike a deal with the existing 2026 power unit suppliers. 'We respect the thresholds set by FIA/ F1. Our plan involves two options: a change of control transaction in an existing entrant or applying in the next FIA process as a compact, well-funded customer team with long-term PU supply,' he said. Despite the short turnaround time, Kassis-Mohamed is confident of setting up the infrastructure and leadership group before 2025 comes to a close, ahead of focusing on chassis systems and race operations the following year. The timeline and decision-making, however, will be contingent on regulatory and commercial approvals. Related Topics Formula 1 / FIA
