Lumos Alternate Investment Advisors Pvt Ltd and Gruhas Proptech LLP have partnered to raise a Rs500 crore real estate fund, focused on structured debt, last-mile funding, and opportunist equity in residential projects across major cities. Gruhas Proptech, focused on real estate investments and prop tech and promoted by entrepreneur Abhijeet Pai and Zerodha Broking Ltd co-founder Nikhil Kamath, has joined Lumos Alternate Investment as anchor investor and general partner. “Post second wave of covid, real estate is emerging as one of the most preferred investment avenues and we are happy to have some prominent industry experts and investors on board to help us in institutionalising real estate investment and management processes. We are now actively looking at residential-focused last-mile funding and structured equity deals for our prospective fund,” said Anuranjan Mohnot, co-founder and managing director of private equity fund Lumos. We are delighted to partner with a highly experienced team that is having a remarkable track record of real estate fund management and real estate development,” said Abhijeet Pai, co-founder of Gruhas and Puzzulona Group.

Source: Mint December 01, 2021 03:32 UTC