IITL Bets Big on Real Estate with Launch of Rs 500 Crore AIF

Industrial Investment Trust Limited (IITL), a non-banking financial company, is set to launch a Rs 500 crore alternative investment fund targeting India's burgeoning real estate sector. The fund will focus on tier 1 and 2 cities, aiming to leverage growth opportunities in both residential and commercial properties.

Industrial Investment Trust Limited (IITL), a prominent NBFC, has unveiled plans to introduce a Rs 500 crore Category-I alternative investment fund aimed at capitalizing on India's real estate potential.

The initiative seeks to harness growth in residential and commercial sectors, underpinned by robust housing demand, unprecedented office leasing, and the rise of flexible workspaces.

Focusing strategically on Tier 1 and Tier 2 cities, IITL aims to collaborate with leading developers to deliver premium projects, bolstering urban development and supporting sustainable growth initiatives.

(With inputs from agencies.)