Stories
Keventer, Saroj Poddar Groups Launch Rs 400-Cr Real Estate Debt Fund
N
News18•02-10-2026, 16:15
Keventer, Saroj Poddar Groups Launch Rs 400-Cr Real Estate Debt Fund
- •Keventer Group and Saroj Poddar Group have partnered to launch a Rs 400-crore Category II Alternative Investment Fund (AIF), the first such fund by a West Bengal real estate developer.
- •The Poddar Keventer Real Estate Fund – Scheme I targets a corpus of Rs 400 crore, with a Rs 200 crore greenshoe option, potentially reaching Rs 600 crore.
- •The fund will employ a secured real estate debt strategy, focusing on projects in Delhi-NCR and West Bengal, aiming for a gross internal rate of return (IRR) of 18-22 per cent.
- •Sponsors have committed Rs 80 crore (20% of the target corpus) to the fund, demonstrating alignment with investor interests.
- •The fund will provide structured financing for select real estate projects across ultra-luxury, premium, and mid-market segments, focusing on debt rather than direct equity investment.
Key Questions Answered
The Poddar Keventer Real Estate Fund – Scheme I has a target corpus of Rs 400 crore, along with a Rs 200 crore greenshoe option that can expand the total corpus up to Rs 600 crore.
The fund follows a secured real estate debt strategy rather than direct equity investment, providing structured financing to select mid-market, premium, and ultra-luxury real estate projects.
The fund focuses its secured debt financing strategy on real estate projects located in Delhi-NCR and West Bengal.
