Bajaj Alts raises Rs 950 crore in initial close of maiden real estate fund

Bajaj Alternate Investment Management has triumphantly raised around Rs 950 crore for its debut real estate fund, looking to achieve a target of Rs 2,000 crore with potential extra funding. This fund will specialize in the development of top-tier commercial office properties through strategic partnerships with established developers, capitalizing on the growing demand from Global Capability Centres and significant corporate occupiers in India's market.