"India represents a steadily rising economic influence of power in the international system and is on the threshold of global economy. This is the right time to invest here and fruitful ventures are inevitable"
- Matin Graham, Director of Market Services, London Stock Exchange

Real Estate Fund aims to invest in equity and equity-linked instruments of undertakings engaged in development, construction, maintenance and operation in the infrastructure and real estate sector.

• Project Development
  
  • The fund aims to partner reputed builders and construction companies and not be just a financer of projects and pormoters.
  • The estimated investment horizon of each project is calculated at 2 to 5 years.
  • Targeted returns in development projects aim to be in the region of 30% per annum.
  • Investment will mainly be in the hospitality, healthcare, residential and commercial sectors.
• Lease Rental
  
  • Indian lease rentals, being the highest worldwide, will spur the fund to invest in Grade A buildings that project a strong tenant profile.
  • Returns will be in the region of 15% for leveraged assets.
• The fund will identify suitable investmen opportunities in areas that experience strong growth in the IT/ITES sector.
• The fund shall focus on opportunities, as and where they arise, without any specific geographical focus.
• For un-leveraged assets, returns shall be in the range of 9% to 10%.

• The fund will aim to initiate most of its investments into the capital market through initial public offers, in order to enable its exit at a superior return.
• Strategic and financial sale to investors will be additional exit opportunities.

• The fund is merely a pass-through entity; hence investors will be taxed as if they make investment directly into the portfolio companies - Provision of Section 10 (23 FB) of the Income Tax Act.
• Dividend income will be taxable at the Special Purpose Vehicle (SPV)/ portfolio company level and there is no tax liability in the hands of the investor.
• Interest income will be taxable in the hands of the investors at the tax rate applicable.
• There will be no liability to wealth tax or gift tax on investors.
• In case of capital gains, investors will be liable to long-term capital gains tax.