Mt. K Kapital has successfully raised over INR 500 crore for its inaugural fund, the Mt. K Resi Development Fund, a Category II SEBI-registered Alternative Investment Fund. The funding round saw participation from prominent investors, including SBI, ICICI Bank, Famy Care, and various high-net-worth individuals.
Out of the total funds raised, more than INR 300 crore has been committed to five key projects located in prime areas of Mumbai. These projects include The Panorama in Pali Hill, Ocean Vista at Versova Beach, Cliff Tower on Mt. Mary Road, Dhuruvadi in Prabhadevi, and Crescent in Pali Hill. The Panorama and Ocean Vista have already received the necessary approvals, with construction actively underway and sales showing positive momentum.
The fund is also exercising its green shoe option, aiming to add an additional five to seven projects to its portfolio in the near future. Mt. K Kapital’s innovative investment structure enables investors to benefit from strong performance, while favorable macroeconomic conditions are anticipated to bolster the real estate market and potentially yield internal rates of return (IRRs) exceeding 25%.
Led by experienced professionals Binitha Dalal and Abdeali Tambawala, who together bring over five decades of expertise in real estate and fund management, Mt. K Kapital focuses on quick turnaround residential projects with minimal equity investments. The fund aims to distribute project profits from redevelopment assets across Mumbai.
Boman Irani, Chairman & Managing Director of Rustomjee Group, expressed confidence in the real estate sector, stating, “It is an exciting time to invest in real estate. The Mt. K platform is built on principles of transparency and alignment of interest between investors and developers, offering value to those looking to capitalize on real estate growth.”
Binitha Dalal, Founder and Managing Partner of Mt. K Kapital, remarked, “The strong response from visionary investors and the support from Rustomjee validate our ambition to become a leading real estate development fund management company. We remain optimistic about investment opportunities in the Mumbai Metropolitan Region (MMR) and are actively evaluating a robust pipeline of projects with deal sizes between INR 60-90 crore.”
With this initial success, Mt. K Kapital is poised to further strengthen its portfolio and continue making impactful investments in Mumbai’s thriving real estate landscape.
Also Read: Indian Real Estate Set for Breakthrough: Projected 16% Annual Growth to Reach $10 Trillion by 2047
