Property funds turn to affordable segment

Kotak Realty Fund was looking at launching an affordable housing fund: Sources

Private equity funds in real estate are looking at affordable housing after the Union Budget granted infrastructure status to the segment. Kotak Realty Fund was looking at launching an affordable housing fund and was in talks with investors, said sources in the know. S Sriniwasan, managing director, Kotak Investment Advisors, which manages private equity funds, said,  “In 2016, we raised a $250 million fund for equity investments in realty projects in the country. This pool of capital will evaluate investments in affordable housing projects as well.”

Brick Eagle, an investor in and incubator of low-cost housing companies, plans to