Decides to set up Category-1 Alternative Investment Fund (AIF) with ₹500 crore investment
Prominent non-banking financial company, Industrial Investment Trust Limited (IITL), has turned its focus toward the growing Indian real estate sector. The company has announced plans to launch a Category-1 Alternative Investment Fund (AIF) in India with a corpus of Rs 500 crore.
The fund aims to capitalise on growth in both residential and commercial real estate, driven by factors such as strong housing demand, record-breaking office leasing, the rise of flexible workspaces, and increasing domestic tourism. IITL’s current investment portfolio stands at Rs 405 crore, with diversified investments across various industries, placing special emphasis on real estate.
The new AIF will strategically focus on Tier-1 and Tier-2 cities, partnering with top-grade developers to capitalise on high-quality residential and commercial projects. Additionally, IITL is launching a housing finance company to provide financing solutions for homebuyers and property upgrader. This subsidiary will make home financing options more accessible.
“I believe the Indian real estate sector is on a strong growth trajectory. We have immense potential to forge partnerships with prestigious developers across the country. With the launch of this AIF, our goal is to offer value-based investment options to our stakeholders, while supporting urban expansion and sustainable development,” said Bipin Agarwal, Chairman and Managing Director of IITL.
