Promoted by Shashi Kiran Shetty, Chairman and Managing Director of Allcargo Logistics, and Gnanesh Gala, Managing Director of Navneet Education, the fund has its focus on the Mumbai, Navi Mumbai and Thane real estate market and has built in a co-investment structure to aid its investors to take bigger selective bets, the company said in a statement.
BlackSoil’s debut fund recently did its initial closing at Rs. 129 crore and plans to invest the residual amount within the next one-and-a-half years, the statement added.
“This investment will act as proof of our focus and strategy and help us to raise further funds for our other deals through co-investment structure. The Fund plans to invest in overall 5-6 deals with an average transaction size of around Rs. 20-40 crore each,” said Mohinder Bansal, Managing Partner of BlackSoil Realty Investment Advisor LLP. Business Line
New Delhi, December 27, 2024: The year 2024 has been a pivotal year for Indian…
Gurgaon, December 27, 2024: The Delhi-NCR real estate market demonstrated exceptional growth in 2024, emerging as…
Ghaziabad, December 27, 2024: The housing segment across the National Capital Region witnessed remarkable growth…
By Mr. Prashant Sharma – President, NAREDCO Maharashtra The Indian real estate market has long…
New Delhi, December 27, 2024: Sundream Group has announced the opening of a massive McDonald's…
~Launches Pay 10% Now & 90% later on Handover, Innovative Payment Solution offering buyers financial…