IITL Launches Rs 500-Cr AIF Real Estate Fund

New Delhi: Industrial Investment Trust Limited (IITL), an NBFC, has announced plans to launch a Rs 500-crore Category-I alternative investment fund (AIF) focused on India’s real estate sector. With a target corpus of Rs 500a crore, the fund aims to harness growth in both residential and commercial real estate driven by robust housing demand, record-breaking office leasing, the rise of flexible workspaces, and surging domestic tourism. IITL’s current investment portfolio stands at Rs405 crore (as on September 30, 2024), with diversified investments across multiple industrial sectors, with a particular emphasis on real estate.

The new AIF will strategically focus on Tier 1 and Tier 2 cities, partnering with leading Grade A developers to bring high-quality residential and commercial projects to fruition, the NBFC said in a release. These cities, recognised for their economic growth potential, will benefit from investments aimed at enhancing urban development and generating value across the real estate landscape, it added. “India’s real estate sector is on a powerful growth trajectory, and we see immense potential in partnering with esteemed developers across the country.