 "Mutual Fund investments")
Sensing opportunities from stalled real estate projects and cash starved developers, home grown fund managers are launching stressed asset funds.
When sales are very low and financing from banks and non banking finance companies are not coming, fund managers are expecting good returns from their investments, experts said.
On Monday, fund manager Lumos Alternative Investment Advisors said it has tied up with some prominent real estate developers in the country to launch its maiden Rs 300 cr stressed-assets- focused real estate fund.
The proposed fund will focus on last-mile funding and acquisition of stressed residential and commercial projects in six
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