HiLITE Group to launch ₹200 crore Shariah-certified Category II AIF
A key distinction of the fund is its Shariah certification by TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.)
HiLITE Group plans to launch a new investment management venture with the introduction of its first fund, HiLITE Ethical Fund 1. This fund is a real estate-focused Category II Alternative Investment Fund (AIF) with a maximum size of ₹200 crore. Registering with SEBI, HiLITE Ethical Fund 1 is tailored for High Net Worth Individuals (HNI) and institutional investors seeking long-term opportunities in the real estate sector.
The fund, certified Shariah-compliant by TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.), aims to extend HiLITE Group's real estate expertise to a broader investment landscape. Focused on Greenfield and brownfield developments, HiLITE Ethical Fund 1 emphasizes disciplined capital management and operates under a seven-year tenure with a minimum investment commitment of ₹1 crore, payable in 36-month instalments.
Backed by an institutional partner network comprising PwC, Mitcon Credentia, SBI, Nuvama, and Ajmal & Company, HiLITE Group Chairman P. Sulaiman emphasized the company's vision to bring its real estate experience to a wider investment landscape, offering HNIs access to professionally managed, real estate-focused investment opportunities.
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