The Hindu Business Line

Axis AMC realty fund raises ₹400 cr

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Axis AMC, an asset management company backed by Axis Bank and Schroders, has raised ₹400 crore through its maiden real estate fund, the Axis RERA Opportunit­ies Fund – I.

Investors in the fund include the AMC sponsor, domestic institutio­ns, and high net worth investors. The fund is targeting investment­s in top eight cities in India through the structured debt route.

Balaji Rao, Managing Partner – Real Estate, Axis AMC, said the real estate market has seen trying times over the last few months. Developers have had to navigate through a liquidity crunch and a paradigm change in their business models brought about by the implementa­tion of GST and RERA.

However, he said, this is the opportune moment for value investors to identify and back those real estate players with strong systems and strategies.

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