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The Poddar Keventer Real Estate Fund - Scheme I will have a target corpus of Rs 400 crore, with a Rs 200 crore greenshoe option that can take the total corpus to Rs 600 crore, according to the sponsors. The fund will follow a secured real estate debt strategy, focusing on projects in Delhi-NCR and West Bengal. It is targeting a gross internal rate of return (IRR) of 18-22 per cent before expenses. The sponsors have committed Rs 80 crore, or 20 per cent of the target corpus, to the fund, demonstrating alignment with investors, they said. The fund will provide structured financing to select real estate projects across ultra-luxury, premium and mid-market segments. The initiative brings together the real estate and business interests of the Keventer Group and the Saroj Poddar Group, with the fund focused on opportunities in two major real estate markets. The fund's strategy is centred on secured debt financing rather than direct equity investment in projects. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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