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. Kotak, which had invested around Rs.540 cr. in 2015 from its $400 million offshore fund, has exited with around Rs.838 cr., at an internal rate of return (IRR) of 18%.
Kotak Realty Fund exits Lodha’s Mumbai township project at 18% IRR
Date posted: Monday 12 March 2018