Build Nivesh Secures Rs 40 Crore in Landmark Real Estate Fund

Build Nivesh LLP secured Rs 40 crore in its first real estate alternate investment fund. The company announced the fund’s final closure, emphasizing robust investor interest. The fund targets real estate opportunities in the Mumbai Metropolitan Region, forming part of a growing real estate asset management initiative under the BUILD brand.

Build Nivesh LLP announced on Tuesday that it successfully raised Rs 40 crore through its inaugural real estate alternate investment fund. This marks a significant step in the firm's ambitions within the property sector.

The venture, attracting considerable investor attention, closed with an impressive total corpus. The company exercised a full green-shoe option, demonstrating confidence in its strategy and the opportunities ahead.

Focus will be placed on the Mumbai Metropolitan Region as the fund eyes real estate developments. In partnership with Labdhi Lifestyle Limited, Build Nivesh intends to invest in several projects within the area, aiming to secure substantial minority stakes and enhance its Real Estate Asset Management division.

(With inputs from agencies.)