0.1 overview

Overview

Since 2005, Kotak Realty Fund has raised 9 funds and invested in 52 projects and companies across commercial office, residential, retail, industrial and hospitality sectors.

Investing across asset classes gives us the edge in being able to take advantage of positive cycles in any real estate vertical. Till date we have made investments totaling ~INR 51.9 billion across

~52 investments and have successfully realized ~INR 61.3 billion (achieving full exits across 41+ investments) from investments across residential, townships, commercial, hospitality projects.

0.2 our approach

As the India experts in real estate fund management, Kotak Realty Fund is uniquely positioned to identify sector trends and capitalise on the opportunity - much ahead of the curve.

Partnering with developers having proven execution capabilities and established brand equity

Investing in projects that generate scalable, sustainable and risk-adjusted returns

Leveraging the team’s expertise in investment structuring and thorough understanding of India’s investment regulations

Engaging in active asset management and value enhancement

Formulating clear exit strategies at the time of investment

Adhering to and ensuring strong transparency, governance and reporting norms

Our Team

0.3 our team

Vikas Chimakurthy

CEO – Realty Funds

Vikas Chimakurthy joined the Kotak Mahindra Group in 1999 and has over 21 years of work experience in the financial services industry.

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Chetan Shah

Executive Director

Chetan joined Kotak Realty Fund in 2018 as Executive Director where he oversees investments across all realty segments with special focus on residential..

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Raj Shah

Associate Director

Raj Shah joined Kotak Realty Fund in October 2007 and has over 11 years of work experience in the financial services industry....

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Sonu Jalan

Associate Director

Sonu Jalan joined the Kotak Mahindra Group in 2006 and has over 12 years of professional experience....

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Rahul Deshpande

Associate Director

Rahul Deshpande joined Kotak Realty Fund in September 2015 and is a real estate professional with over 17 years of valuable experience in real estate investments...

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Saurabh Gupta

Vice-President

Saurabh Gupta joined Kotak Realty Fund in March 2017 and has over 9 years of experience in the real estate investments, investment banking and research...

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Vaibhav Lodha

Vice President

Vaibhav Lodha joined Kotak Realty Fund in 2019 and has over 10 years of work experience in the real estate investments and financial services industry.

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Dhananjay Borse

Associate Vice-President

Dhananjay Borse joined Kotak Realty Fund in 2018 and has over 14 years of work experience in all aspects....

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Suresh Kumar

Associate Vice-President

Suresh Kumar joined Kotak Realty Fund in 2018 and has over 6 years of work experience in the Real Estate financing industry.....

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Hardik Bajaria

Associate Vice President

Hardik Bajaria joined Kotak Realty Fund in August 2018 and has over 8 years of experience in the real estate investments, investor relations and investment banking...

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Vaibhav Shah

Associate Vice President- Asset Management

Vaibhav joined Kotak Realty Fund in April 2019 and has over 6 years of work experience across financial due diligence...

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Vishal Parekh

Associate

Vishal joined Kotak Realty Fund in 2018 and has over 3.5 years of work experience in the banking and real estate industry...

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Virat Nilangekar

Associate

Virat Nilangekar joined Kotak Realty Fund in 2018 and has over 5 years of work experience in the Real Estate industry...

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Arpit Khandelwal

Associate

Arpit joined Kotak Realty Fund in December 2016. Prior to joining Kotak Realty, Arpit worked at EY for three year in their assurance division...

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Srihari KS

Associate

Srihari joined Kotak Realty Fund in July 2018. Prior to joining Kotak Realty, Srihari worked with Goldman Sachs in their Investment Management Division...

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0.4 Select Portfolio

Retail - Marina Mall

Marina Mall being developed by Allied Investments & Housing Pvt Ltd (AIHPL) is located on Old Mahabalipuram Road in Chennai. The retail mall has ~5.1 lac sq. ft. leasable area, of which ~60% had been leased at the time of investment.

Kotak Realty Fund’s (KRF) Role in Project Success:

KRF entered at a stage where the mall had reached an advanced stage of construction and required capital for completing the project. KRF’s asset management expertise and disciplined project monitoring has led to steady progress in leasing & construction of the mall.

Developer Partner Overview:

Incorporated in 1990, AIHPL are operating in the business of construction & real estate development. AIHPL has successfully completed over 45 projects with approx. area of ~1.5 million sq. ft. across residential, apartments, office buildings and commercial spaces.

Commercial – NIBR

Investment in a commercial building developed by NIBR in Mumbai which was an non-performing asset with part construction already completed in Sept 2017. This investment is a unique case of take-over and successful turn-around of a disstressed asset. Investment was used to recapitalize the project and complete construction.

Kotak Realty Fund's (KRF) role in 1 Aerocity project success:-

KRF played critical role in driving the following:-

  • Design development of the project including redesigning offices to enhance the marketability,
  • Entire Project approvals process and was involved in driving critical approvals,
  • Tendering and selection of contractors/vendors to ensure timely completion of construction works,
  • Monitoring costs and schedule of the project on an ongoing basis,
  • Entire project launch process from marketing awakening till launch, which saw a huge success.

Company Overview

NIBR (National Indian Bullion Refinery)

NIBR is a pioneer and leader in the bullion trade in India. They are an authorized body of the Government of India for hallmarking gold coins and bars in India. They had a vision to develop and deliver a landmark address at their commercial headquarters in Mumbai.

Residential - Alliance Orchid Springs

Orchid Springs developed by Alliance Group is located in Annanagar West Extension in Chennai. The project is developed across 18 acres of land and houses 2,026 residential units in 8 towers. The total project size is 2.8 million sq. ft. of saleable area.

Kotak Realty Fund’s (KRF) Role in Project Success:

KRF has played a crucial role of financing for last-mile completion of the project. Active project progress monitoring and timely disbursements have led to better than expected Return on Investment for KRF as well as the Developer Partner.

Developer Partner Overview:

Alliance Group is one of the leading residential real estate developers in Chennai. The Group has delivered close to 3.7 million sq. ft. and is currently developing close to 7 million sq.ft. of residential real estate in Chennai, Bangalore and Hyderabad.

Lemon Tree Hotels

Lemon Tree Hotels owns and/ or operates a chain of full-service, mid-segment business hotels primarily under the 'Lemon Tree' brand. Lemon Tree targets business travellers looking for a high-quality product and efficient service at a moderate price.

Spank Hotels, a group company of Lemon Tree Hotels, is a chain of budget hotels targeting cost-conscious business and leisure travellers by offering clean, comfortable and reliable limited-service hotel rooms under the 'Red Fox' brand.

Kotak Realty Fund had made an investment at the parent company level to support the hotel chain's growth and expansion plans.

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