The Hindu Business Line

Axis AMC realty fund raises ₹400 cr


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.

Newspapers in English

Newspapers from India