Kotak Realty Fund has exited its investment in real estate firm Lodha Group’s township project, Palava City, in suburban Mumbai. Bengaluru: Kotak Realty Fund, a part of Kotak Investment Advisors Ltd, has exited its investment in real estate firm Lodha Group’s township project, Palava City, in suburban Mumbai. A Kotak Realty Fund executive confirmed the exit but didn’t wish to be named. Lodha’s Palava is a 4500-acre development in the Kalyan-Dombivli suburb and is being developed as a greenfield smart city. It has recently also exited from Gurgaon-based SS Group’s project, where it had invested Rs125 crore, with 21% IRR, the executive said.

Source: Mint March 09, 2018 07:41 UTC