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Business Standard
an hour ago
- Business
- Business Standard
Wealth Company launches Bharat Bhoomi Fund with Rs 1,000 cr green shoe
The Wealth Company Asset Management, part of the Pantomath Group, has launched Bharat Bhoomi Fund—a Rs 1,000 crore category II alternative investment fund (AIF) with a Rs 1,000 crore green shoe option—under its fifth Bharat Value Fund (BVF) series. The fund will follow a diversified capital allocation strategy—investing in data centres, warehousing, hospitality, and renewable parks, sectors aligned with India's evolving infrastructure, digital transformation, and sustainability priorities. Alongside this, investments will target mid-to-premium residential, retail, plotted villas, and mixed-use developments across high-growth cities such as Mumbai (MMR), NCR, Pune, Bengaluru, Chennai, and Hyderabad. The fund will also focus on infrastructure-led corridors and plotted developments benefiting from upcoming connectivity and urban expansion. The fund's approach is designed to identify projects with clear land titles, regulatory readiness, and early exit visibility. It will target ready-to-launch assets that can move swiftly from investment to value creation. With a pipeline spanning approximately 1,200 acres across six projects, the fund aims to deploy capital with speed, prudence, and precision while focusing on execution-ready projects across high-opportunity corridors and core cities. The Wealth Company stated that the real estate asset class perfectly aligns with its focus on tangible value, risk-managed returns, and disciplined capital deployment. Madhu Lunawat, founder and director of The Wealth Company Asset Management, said, 'As capital becomes more thoughtful, the demand for real assets with real outcomes has never been higher. Bharat Bhoomi Fund allows meeting that demand with discipline, data, and domain expertise. The Wealth Company's investment ethos is now extending confidently into India's real estate space—with conviction and clarity.' Additionally, The Wealth Company Asset Management, formerly known as Pantomath Capital Management, houses all alternate products under India Inflection Opportunity Trust (IIOT). BVF is a category II AIF launched by IIOT and managed by The Wealth Company. BVF primarily focuses on pre-IPO investment opportunities in Indian growth-stage enterprises.
Gulf News
01-05-2025
- Business
- Gulf News
Dubai gold price drops to lowest in 2 weeks - but many UAE shoppers have already done their buying
Dubai: The Dubai Gold Rate has slipped further to Dh362.5 a gram for 22K – the lowest in more than 15 days. The fairly sizable drop did not come in time for many shoppers in the UAE, who were out buying gold yesterday to make 'Akshaya Trithiya', the Indian festival where adding to one's gold holdings is a key part of the tradition. Even then, UAE's shoppers – residents and tourists – were not deterred that they had to pay for gold at Dh366-Dh369 a gram yesterday. The Dubai Gold Souq and jewellery stores elsewhere in the UAE had a heavy rush of buyers, starting from around 12pm and which continued right through closing time. It was as if shoppers were only intent on meeting the tradition of buying on Akshaya Trithiya whatever be the prevailing price. "They were picking up everything - gold coins, bars and jewellery," said Abdul Salam K. P., Vice-Chairman of Malabar Gold & Diamonds. This was indeed the best one-day sales the UAE jewellery trade has had since the start of 2025." Clearly, there was a lot of pent up demand on display, because most shoppers had been staying away from jewellery stores as prices kept on pushing higher and reaching the highest point of Dh388 last week. 'Contrary to historical trends, the INR might appreciate. Key thesis here is that the US will prefer a weaker dollar and a lower interest rate regime as large amounts of US debt will be maturing and coming up for renewal. 'Also, India's macro-factors like inflation, government finances, GDP growth and political stability should aid in INR stability. Only joker in the pack are crude oil prices, which according to me will be range-bound with a downward bias' - Prasanna Pathak, Managing Partner, The Wealth Company A little price drop helps By afternoon yesterday, the local gold rate had slipped to Dh366 levels, and which was another catalyst in the shopper surge seen in the afternoon. 'Tradition wins' is how another retailer characterized the heavy buying demand seen yesterday. "It would not surprise me if we had the same rush even if the Dubai gold rate was Dh375 or Dh385," he added. Many shoppers, especially first-time buyers, were also using the day to start their monthly instalment schemes with jewellery retailers. This way, they make a commitment to pay a fixed amount each month and for them to pick up gold at the end of 12 months. (In many cases, the jewellers put up a sum equal to what the individual is paying in a month as an incentive.) "There were younger shoppers who were getting into gold investments through the monthly instalment program," said Salam. "Their idea is to time their next big gold purchase in 12 months - and closer to Akshaya Trithiya 2026."
