Secura to raise Rs 200 crore to invest in realty

The country’s first SEBI-registered and Shariah-complaint venture capital fund, Secura Investment Management (India) Pvt. Ltd., launched its third investment management fund, Realty AIF 1 (Alternative Investment Fund).
Aiming to raise Rs 200 crore with the Green Shoe Option of Rs 100 crore, the minimum investment under the scheme is Rs 1 crore, which can be paid in installments in three years. The scheme will have its first closing on December 31, 2016. The tenure of the fund is seven years from the final closing, said the company officials. “With the investment potential in real estate sector is growing at a steady pace, we are looking at an annualized ROI of 15-20%” said Mehaboob M. A., Managing Director, Secura Investment Management.

Read more: Economic Times