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Axis AMC, an asset management company backed by Axis Bank and Schroders, has raised ₹400 crore through its maiden real estate fund, the Axis RERA Opportunities Fund – I.
Investors in the fund include the AMC sponsor, domestic institutions, and high net worth investors. The fund is targeting investments in top eight cities in India through the structured debt route.
Balaji Rao, Managing Partner – Real Estate, Axis AMC, said the real estate market has seen trying times over the last few months. Developers have had to navigate through a liquidity crunch and a paradigm change in their business models brought about by the implementation of GST and RERA.
However, he said, this is the opportune moment for value investors to identify and back those real estate players with strong systems and strategies.
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