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Mt. K Kapital, a Mumbai-based real estate investment platform, is set to launch its second fund with a target corpus of Rs 2,500 crore. The new fund aims to finance housing projects in major cities across India. The company, which holds a SEBI-approved Category II Alternative Investment Fund (AIF) license, successfully closed its first fund with a corpus of Rs 790 crore. It has already deployed around 50% of that in five projects.
These projects, covering 7 lakh square feet, are located in the Mumbai Metropolitan Region (MMR) and are being developed by Keystone Realtors under the 'Rustomjee' brand. The firm plans to commit the remaining funds by the end of this year.
The upcoming second fund, which will be at least three times the size of the first, will focus on key Indian cities such as Delhi-NCR, Bengaluru, Pune, and Mumbai. The fund will partner with prominent developers in these cities to drive growth in the real estate sector. The launch is expected by the end of the current calendar year.
Mt. K Kapital's first fund, the Mt. K Resi Development Fund, raised capital from financial institutions, family offices, and high-net-worth individuals (HNIs). Around 60% of the funds came from leading institutions, including SBI, SBI Life, ICICI Bank, and Famycare, alongside Keystone Realtors.
