TriVeda Capital will concentrate on planned real estate projects

TriVeda Capital was established in 2013 with a focus on funding for single projects. After the Covid-19 epidemic, the corporation changed its focus to capital structuring. Raj S. Inamdar, partner at TriVeda Capital, said, "We started a campaign for our first series, Bangalore Opportunities Series I Fund, which concentrated on plotted developments, in the middle of 2022. According to Inamdar, the goal was to offer real estate ticket sizes that were agreeable to the salaried class. According to him, the business intends to use the capital for its initial close. We might deploy '80 to '90 crore soon,' he said.

The company said it consciously avoided luxury developments but focused on suburban developments. TriVeda Capital is promoted by Ravindra Pai, managing director of Century Real Estate and Raj S Inamdar of Sorani Capital LLC. The partners

  have a development portfolio of 15 million square feet. Asked which are the other markets TriVeda is bullish on, Inamdar said the company is also looking at Chennai, Pune, and Bengaluru.

“Our plan is always to mitigate risk for investors. If they buy a plot, they can always easily liquidate the investments as compared to vertical development, which may take time to get liquidated,” Inamdar said. He said the goal of the fund was to garner $1 billion in assets under management. Real estate AIFs are a boon for cash-strapped real estate players. The Sebi-regulated investment vehicle pool capital from investors and deploy it in various real estate asset classes.