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Saroj Poddar, Keventer Launch ‘400 Crore Real Estate Debt AIF
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CNBC TV18•02-10-2026, 14:37
Saroj Poddar, Keventer Launch ‘400 Crore Real Estate Debt AIF
- •Saroj Poddar Group and Keventer Group have partnered to launch a ‘400 crore Category II Alternative Investment Fund (AIF) focused on secured real estate debt.
- •The Poddar Keventer Real Estate Fund – Scheme I has a target corpus of ‘400 crore with a ‘200 crore greenshoe option, potentially reaching ‘600 crore.
- •The fund will invest in secured real estate debt opportunities across Delhi-NCR and West Bengal, targeting a gross internal rate of return (IRR) of 18%-22% before expenses.
- •Poddar Keventer Capital Advisors will provide structured financing to select projects in ultra-luxury, premium, and mid-market segments, using secured debt structures with security cover and escrow arrangements.
- •This AIF is the first launched by a real estate developer from West Bengal, aiming to build an institutional real estate investment platform.
Key Questions Answered
The Poddar Keventer Real Estate Fund – Scheme I has a target corpus of ₹400 crore with a ₹200 crore greenshoe option, which can potentially bring the total fund size up to ₹600 crore.
The fund will invest in secured real estate debt opportunities across Delhi-NCR and West Bengal, targeting projects in the ultra-luxury, premium, and mid-market segments.
The fund is targeting a gross internal rate of return (IRR) of 18% to 22% before expenses, utilizing secured debt structures, security covers, and milestone-linked funding.
