{
  "id": 11470326,
  "title": "Saroj Poddar Group, Keventer launch real estate-focussed AIF, target ₹400 crore corpus",
  "url": "https://urgent.news/2026/10/02/saroj-poddar-group-keventer-launch-real-estate-focussed-aif-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T15:01:04.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/saroj-poddar-group-keventer-launch-real-estate-focussed-aif-target-400-crore-corpus/article71537578.ece"
  },
  "original_language": "en",
  "account": "The Saroj Poddar Group and Keventer Group have jointly launched a real estate-focused Alternative Investment Fund (AIF), named the Poddar Keventer Real Estate Fund – Scheme I. This category II AIF aims to raise a corpus of ₹400 crore, with an option to expand to ₹600 crore through a ₹200 crore greenshoe option. The fund's investment strategy will focus on secured real estate debt opportunities across Delhi-NCR and West Bengal, with a target gross IRR of 18-22 percent before expenses. The sponsors have committed 20 percent of the target corpus, demonstrating their strong alignment with investors. The fund will provide structured financing for select real estate projects, including ultra-luxury, premium, and mid-market developments. Saroj Poddar Group and Keventer Group's long-standing expertise in institutional management and real estate development and execution, respectively, sets the foundation for this new venture.",
  "summary": "The category II Alternative Investment Fund, the first AIF launched by a real estate developer from West Bengal, is expandable to ₹600 crore through a ₹200 crore greenshoe option",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "KP Group plans ₹4,000 crore Sun Drops Energia IPO as storage becomes core growth bet",
        "url": "https://urgent.news/2026/10/02/kp-group-plans-4-000-crore-sun-drops-energia-ipo-as-storage-becomes",
        "published": "2026-10-02T10:51:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}