Realty developer Bakeri Group and investment management firm Lumos Alternate have entered into an alliance to set up a Rs 500-crore real estate investment platform, Sakar Realty Fund – I.
The platform has received final approval from the capital market regulator SEBI and aims to provide superior returns to its investors by leveraging the execution capabilities of the developer that has so far delivered over 42 million sq ft over the last more than six decades.
“The real estate market has been robust over the past few years, and many family offices and HNIs are looking to establish long-term direct partnerships with credible real estate developers who have successfully navigated multiple real estate cycles,” said Anuranjan Mohnot, Managing Director & CEO of Lumos Equity Advisors.
The platform will invest in mid-market residential projects in Bangalore, Mumbai, Ahmedabad, and Pune, at an early stage and on pre-defined terms with an investment horizon of 3-4 years per project.
“The real estate industry is expected to grow from its current size of approximately $500 billion to $1.5 trillion by 2034. This expansion presents significant and sustainable opportunities for developers and investors to participate in and benefit from India’s growth story,” said Pavan Bakeri, Promoter & MD, Bakeri Group.
Platform deals are quite common among institutional investors, and in recent years, more than Rs 20,000 crore has been committed by institutions to some of India’s established developers. However, retail investors and family offices usually have no direct access to such deals.
Sakar Realty Fund – I is aiming to facilitate and expand access to institutional-grade investments by providing a regulated investment vehicle that allows investors to participate in high-quality real estate projects.
