Bakeri Group and Lumos Alternate Launch Rs 500 Crore Realty Investment Platform

Bakeri Group and Lumos Alternate have teamed up to launch the Rs 500 crore 'Sakar Realty Fund-I', targeting mid-market residential projects in major Indian cities. The platform aims to attract various investors by leveraging Bakeri's expertise, offering a robust governance framework and appealing return structure.

Bakeri Group and Lumos Alternate have forged a partnership to create a Rs 500 crore real estate investment platform. Named 'Sakar Realty Fund-I', the initiative recently secured final approval from Sebi and is set to focus on mid-market residential projects in Bengaluru, Mumbai, Ahmedabad, and Pune.

The platform intends to achieve superior returns for its investors by capitalizing on Bakeri Group's extensive experience in real estate development, having delivered over 420 lakh square feet in its 65-year history. It is expected to draw interest from high-net-worth individuals, family offices, and institutional investors.

According to Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors Pvt Ltd, the platform provides a unique opportunity for investors to partner with reliable developers at an early stage, enabling both parties to benefit from a structured deal and a strong corporate governance framework.

(With inputs from agencies.)