Rupee denominated PE funds key to residential real estate

The woes of the real estate sector are far from over. It will continue to get most of its private equity (PE) funding from funds specifically focused on real estate, especially in residential segment. Sector agnostic private equity funds will invest in residential real estate with caution.  

Jones Lang LaSalle India's Segregated Funds Group closed its first real estate fund in India - Residential Opportunities Fund-I  (ROF-I) - at Rs 160.75 Crore. Like most real estate focused funds, Scheme ROF-I too is registered with SEBI under the new Alternate Investment Funds (AIF) regulations. The fund's focus is to invest in small residential projects in prominent locations across seven - Delhi NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Kolkata, Hyderabad and Pune.

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