Live
- Study Reveals Teabags Release Billions of Microplastics and Nanoplastics, Entering Your Body
- Kumbh Mela 2025: Essential Guide to Comfortable and Respectful Attire for Maha Kumbh
- Hyderabad Real Estate Faces Setback: Property Sales Drop 7% Year-on-Year in 2024
- Gnani’s Gen AI Solutions Revolutionising BFSI
- Trump's WHO threat sparks debate on the efficiency of global health governance
- ICC Champions Trophy 2025 Schedule: India vs Pakistan Match Set for February 23 in Dubai
- Champions Trophy 2025: Full Schedule, Match Dates, Venues, Timings, and Updates
- FRAI Urges Government to Provide Technology Platform for Kirana Stores to Stay Competitive
- Not just Gen Z, millennials too: Redditors discuss the wave of pet parenthood embraced by young Indians
- Innovation can expedite the journey to a Smoke-Free future- in focus at Technovation Abu Dhabi
360 Realtors joins Rising Straits Capital to launch Rs 100-cr fund
360 Realtors joins Rising Straits Capital to launch Rs 100-cr fund
Real estate brokerage firm 360 Realtors has partnered with Rising Straits Capital to launch a Rs100 crore stress fund to provide last mile financing to builders to complete their residential properties
New Delhi: Real estate brokerage firm 360 Realtors has partnered with Rising Straits Capital to launch a Rs100 crore stress fund to provide last mile financing to builders to complete their residential properties.
The company has started the process to raise money and the Rs100 crore fund will be launched next month, said Ankit Kansal, the founder and Managing Director of Gurugram-based 360 Realtors.
"We have tied up with Rising Straits Capital to launch a real estate dedicated Alternate Investment Fund (AIF)," he said.
The two partners would have an equal stake in the joint venture firm 360 Rising Straits Management Pvt Ltd which would act as an investment manager of the fund, Kansal said. "We will put in about Rs 10 crore amount in this fund and the remaining will be raised from retail investors, HNIs and NRIs," he added.
The JV firm has already identified a few projects in Noida and Greater Noida in Uttar Pradesh where it would provide last mile funding, Kansal said, but refused to name the builders and the projects.
Besides Noida and Greater Noida, he said the company is looking at projects in Mumbai, Pune and Bengaluru.
