Lumos Alternate, Bakeri Group to set up Rs 500 cr fund for housing projects

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Lumos Alternate, Bakeri Group to set up Rs 500 cr fund for housing projects - Business Standard

Quick Summary:

The platform 'Sakar Realty Fund- I', which recently received final approval from Sebi, will invest in mid-market residential projects in Bengaluru, Mumbai, Ahmedabad, and Pune, with an investment horizon of 3-4 years per project, Lumos Alternate said in a statement.

It aims to provide superior returns to its investors by leveraging the exceptional execution capabilities of Bakeri Group, which has delivered more than 420 lakh square feet of real estate development over its 65-year legacy.

Realty company Bakeri Group and investment management firm Lumos Alternate have partnered to set up a Rs 500 crore real estate investment platform.