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IREF Funds Overview

India Realty Excellence Fund (IREF)

  • Year of Launch : 2009
  • Corpus :  INR 165 Crore
  • Focus :  Residential projects in top cities of India
  • Capital Committed : 100%
  • Number of Investments : 7
  • Structure : Structured Equity Investments.
  • Investments Exited : All investments have been exited
  • Fund Status : Closed

Investment Strategy

  • Focus on residential assets with compelling valuations
  • Emphasis on leveraging cyclical nature of the industry and self liquidating nature of investments
  • Opportunistic investments in commercial and other classes of real estate assets which are underserviced
  • Focus on “Next-Gen” players which have good execution capabilities
  • Achieve superior returns by investing capital through equity and/or equity related instruments in projects

Investment Snapshot as on 31st March 2018

Developer Location Project Type Month & Year of Investment Amount Invested
(in Rs. Cr.)
Silvex Developers Mulund (West), Mumbai Residential (MHADA Redevelopment) Jan-10 25
PR Developers Vakola, Santacruz (East), Mumbai Commercial Feb-10 05
Eiffel Developers Chembur (East), Mumbai Residential (Redevelopment) Jun-10 10
Godrej Developers Hebbal, Bangalore Residential Sep-10 50
PR Developers Chakala, Andheri (East), Mumbai Residential Nov-10 35
Eiffel Developers Karjat & Khalapur, Raigad,Maharashtra Plotted Mar-11 26
Supreme Universal & Mirchandani Group Somatane, Pune Residential Jul-12 30