Altern Capital launches maiden real estate fund; Targets ₹250 Crore fund
The Hindu
Altern Capital, an investment management company specialising in real estate investments, launched its maiden SEBI-approved Category II Alternative Investment Fund (AIF) named JIRAAF AU INDIA REAL ESTATE FUND - I (“JIREF I”). The target size of this fund is ₹250 Cr, with an additional greenshoe option of ₹100 Cr.
Altern Capital, an investment management company specialising in real estate investments, launched its maiden SEBI-approved Category II Alternative Investment Fund (AIF) named JIRAAF AU INDIA REAL ESTATE FUND - I (“JIREF I”). The target size of this fund is ₹250 Cr, with an additional greenshoe option of ₹100 Cr.
Altern Capital’s core strategy for their maiden fund is plotted development and last-mile funding. The fund’s strategic focus is on reducing approval and execution risk, setting it apart from its peers. The Fund’s tenor is 4 years, as opposed to the typical 6-year horizon, emphasizing early project completion, quicker visibility, and reliability of principal and returns for investors, said a release.
AI Growth Private Limited, founded by Saurav Ghosh and Vineet Agrawal and market leader in tech-based innovative fixed-income platforms through its brands “JIRAAF & ALTGRAAF”, is the sponsor of JIREF I.
From traditional handicraft items from Manipur to a variety of dress materials from across state by women Self-Help group members are on display at the stalls at the National SARAS mela in Karavali Utsava ground in Mangaluru. The nine-day long mela began on Friday.
India participated as an observer at the Board of Peace meeting, reaffirming its support for a viable Palestinian state.
T.N. Deputy Chief Minister inaugurates CREDAI FAIRPRO 2026, showcasing over 500 real estate projects from 80 developers in Chennai.
Andhra Pradesh prioritizes Guntur Mirchi Yard's development with a new committee focused on quality yields and farmer support.
Navy delegates from 50 countries explore natural dyeing and local crafts at Sankalpa Art Village during the International Fleet Review.
Farmers complained about indiscriminate stone quarrying taking place in Madurai district, particularly at Kallanai in Kalligudi taluk. They urged authorities to take necessary action to stop the indiscriminate quarrying activities and protect the environment
Madras High Court dismisses Ramadoss's petitions to freeze 'mango' symbol, emphasizing resolution through civil court, not writs.
After more-than-two-year wait, the flyover at Goripalayam junction will be commissioned on Saturday. As of now, the main arm of the new flyover, named after freedom fighter Netaji Subash Chandra Bose, will help to decongest vehicular movement from Tamukkam junction till Nelpettai junction on East Veli Street.
PAC criticizes the government for poor execution and financial delays in the ₹4,455 crore SANKALP skill development scheme.
Coimbatore is emerging as a leading hub for Global Capability Centres in Tamil Nadu, driven by strong educational infrastructure and investment.
Peace talks between fishermen from Rameswaram and Karaikal aim to resolve fishing territory disputes and ensure maritime harmony.
Telangana's Food Safety Department inspects 122 establishments in a statewide drive, enforcing compliance on cereal products and safety standards.
The Greater Bengaluru Authority expands to 86 members, enhancing representation with key political figures included.