Axis AMC has raised Rs 400 crore through Maiden Real Estate Fund.

By Abhay Harish Shah , Realty Quarter

Axis AMC (Asset Management Company) has successfully managed to raise Rs.400 Crores through its Maiden Real Estate Fund. This is known as Axis RERA opportunities fund – I or Axis RERA Fund.

The main investors are the High Net worth Investors (HNIs), Domestic Institutions and the Axis AMC.

In a Press release, “Axis AMC said, the fund is targeting investments, through structured debt route, in the top 8 cities of India and aims to work with developers with an established track record of delivery and who show potential and capability for future growth.”

Mr Balaji Rao (Managing Partner Real Estate of Axis AMC) says, “The real estate market has seen trying times over the last few months Real estate business in India has changed, and we are looking to work with developers who can adapt to it.”

It is believed that the demand for mid-income and affordable housing will rise, thanks by the strong support from the government through initiatives like RERA, PMAY, Housing for all by 2022 etc.