New Delhi: Arka Investment Advisory Services Pvt Ltd (AIASPL) intends to secure Rs 500 crore from investors for its upcoming fund specifically focused on residential real estate. The company announced on Wednesday that they have introduced their second alternative investment fund, called Arka Hreem Real Estate Opportunities Fund.
Rohan Builders, a company involved in real estate and Engineering, Procurement, and Construction (EPC), became the operating partner for the fund using its financial services division Hreem. The initial plan of the fund, Arka Hreem Real Estate Opportunities Fund I (Arka Hreem Fund), aims to raise Rs 500 crore with an option to raise an additional Rs 250 crore, specifically focusing on residential real estate opportunities in India. This release comes after Arka's first private credit fund closed successfully.
Arka Hreem Fund has been strategically crafted to attract investments in the Indian residential sector. The Fund will target Tier 1 cities and partner with top-tier developers for investment. AIASPL manages it and Arka Financial Holdings Pvt Ltd sponsors it; the financial services platform is supported by Kirloskar Oil Engines Limited.
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