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- 20/12/2023
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Toro Investment plans GIFT City’s maiden realty fund worth Rs 1,600 crore
Source: The Economic Times
Financial services company Toro Investment Managers is looking to raise a real estate Alternative Investment Fund (AIF) amounting to Rs 1,600 crore, marking the maiden fund of its kind to be established within the Special Economic Zone of India's offshore hub, Gujarat International Finance Tec-City (GIFT City).
This fund, a pioneer in GIFT City, exclusively targets projects within the offshore hub, focusing on commercial, residential, and social infrastructure segments. The seven-year dollar-denominated fund with two possible two-year extensions seeks investment from global sources, including institutional investors, family offices, high net worth individuals (HNIs), and non-resident Indians (NRIs)."