IDFC Alternatives raises Rs760 crore realty fund

IDFC Alternatives raised the fund at a time when investors are sceptical about backing real estate projects, and several funds are trying to win over foreign, domestic investors.

“Fundraising is a positive sign for the market, that shows opening up more investment opportunity for the market,” said Chintan Patel, partner, deal advisory—real estate and hospitality—at KPMG India.

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