Altern Capital Launches Jiraaf Au India Real Estate Fund – I with INR 250 Crore Target

Altern Capital Launches Maiden Real Estate Fund with INR 250 Crore Target

Altern Capital, a leading real estate investment management firm, has made waves in the industry with the announcement of its maiden fund, Jiraaf Au India Real Estate Fund – I. The fund aims to raise INR 250 crore with an additional greenshoe option of INR 100 crore, showcasing the firm’s ambitious vision for the future.

Focused on plotted development and last-mile funding strategies, the fund is designed to minimize approval and execution risks while offering investors a four-year tenor for project completion and robust returns. This innovative approach highlights Altern Capital’s commitment to setting new industry benchmarks through tech-based investment processes and post-investment monitoring.

Navin Dhanuka, founder and CEO of Altern Capital, emphasized the firm’s core values of Trust, Team Quality, and Transparency, underscoring their dedication to revolutionizing real estate investment. With plans to invest significantly in plotted development in cities like Bengaluru, Chennai, Hyderabad, and Mysuru, as well as last-mile funding initiatives in urban centers such as Bengaluru, Mumbai, Pune, and Chennai, Altern Capital is poised to make a significant impact on the market.

With a proven track record of managing over 150 real estate transactions and assets exceeding INR 20,000 crore in major Indian cities, Altern Capital is well-positioned to succeed in this venture. This initiative also reflects a broader trend in the financial landscape, with VC and PE firms increasingly focusing on Indian startups and alternative financing ventures.

As Altern Capital’s maiden fund gains momentum, investors and industry experts alike are eager to see the impact it will have on the real estate market and the broader investment landscape in India.