Residential Real Estate AIF Triveda Capital To Focus On Plotted Developments

TriVeda Capital, a residential real estate-focused alternative investment fund (AIF), expects quicker cash flows from plotted residential realty projects. The company’s maiden Sebi-approved `200 crore fund will focus on the south Indian real estate market in the beginning.

TriVeda capital was launched in 2013 and focused on single project capital support. The company shifted to structuring fund after the Covid-19 pandemic. In the middle of 2022, it launched a fundraiser for its first series Bangalore Opportunities Series I Fund, which focused on plotted developments.

The company plans to make its first closing from the fund and may deploy `80-90 crore shortly. The company said it consciously avoided luxury developments but focused on suburban developments. TriVeda Capital is promoted by Ravindra Pai, Managing Director of Century Real Estate and Raj S Inamdar of Sorani Capital LLC. The partners have a development portfolio of 15 million sq feet.