Hyderabad-based real estate company Meenakshi Group has revealed plans to raise up to ₹700 crore for its real estate-focused alternative investment fund (AIF), named the Meenakshi Real Assets Fund. The firm has pledged 20% of the total fund size as sponsor capital, according to the company’s statement.
The fund, which has a total target corpus of ₹700 crore—including a ₹350 crore greenshoe option—will adopt a hybrid investment approach, allocating capital across both debt and equity instruments, the company stated.
The Meenakshi Real Assets Fund will strategically pursue 6 to 8 high-conviction opportunities over a six-year investment horizon. Specifically, it will focus on self-liquidating real estate assets that not only generate consistent cash flows but also offer potential for capital appreciation. Moreover, the fund plans to collaborate with Tier I developers operating in high-growth micro-markets across major urban centers. Each transaction, according to the company, could involve deal sizes of up to ₹70 crore.
“Securing the AIF license allows us to bring institutional-grade, well-structured investment products to the market. We’re already seeing strong early interest, and we have three deals currently under due diligence. We’ve also received soft commitments from the Meenakshi Group, its wider network, and early investors,” Mahesh Katragadda, CEO of Meenakshi Alternates, said.
“Our goal is to build long-term trust and deliver consistent returns by leveraging our strong track record in real estate. We are focused on creating value through disciplined capital deployment and high-quality investment opportunities,” he said.
With the launch of the ₹700 crore Meenakshi Real Assets Fund, Meenakshi Group is making a strategic push into the real estate investment space through a hybrid model of debt and equity. By targeting high-conviction, self-liquidating assets in partnership with top-tier developers, the fund aims to deliver not only stable returns but also long-term value. Furthermore, it seeks to capitalize on opportunities in key urban growth markets, reinforcing the group’s commitment to scalable and sustainable investments.
