Indiareit close Domestic Scheme V at Rs. 300 cr

Indiareit Fund Advisors announced the interim closing of Domestic Scheme V. The fund, which has a targeted corpus of Rs.1,000 crore, has reached a close of Rs. 300 crore. Scheme V is the 6th in the series of funds raised by Indiareit which already manages and advises a total corpus of Rs. 4,343 crore across five earlier funds and two third-party mandates.The scheme is targeting structured returns to take advantage of the mismatch between the availability of capital and the demand for it. Therefore, the investment underwriting focuses on not just the quality of the project, visibility of cash flows and track record of the development partner, but also adds an extra layer of security to enhance the risk return profile.Indiareit’s most recent offering, Mumbai Redevelopment Fund has also reached its targeted corpus of Rs. 500 crore.

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