Shivalik Investment Fund Deploys ₹55 Crore in Ahmedabad Real Estate Projects | AIF Investment News

Shivalik Investment Fund, a SEBI-registered Category-II Alternative Investment Fund (AIF), has reportedly deployed ₹55 crore across various real estate projects in Ahmedabad. The strategic capital allocation reflects the fund's confidence in the city's expanding property market and development potential.

Fund Structure and Investment Strategy

According to industry sources, Shivalik Investment Fund operates as a SEBI-registered Category-II AIF with an ambitious target corpus of ₹150 crore, complemented by a greenshoe option for an additional ₹150 crore. The fund has reportedly achieved its first close at approximately ₹75 crore.

The investment vehicle focuses on residential, commercial, and plotted development projects specifically within Ahmedabad's real estate landscape. Industry insiders suggest that the fund primarily targets high-net-worth individuals, family offices, and private institutions, with a minimum investment threshold set at ₹1 crore.

The fund operates on a seven-year tenure structure and aims to deliver an expected Internal Rate of Return (IRR) ranging between 15% to 24%. Notably, the investment strategy includes allocating approximately 30% of capital to projects outside the Shivalik Group's development portfolio, with potential opportunities in startup investments as well.

Key Investment Projects and Market Focus

Industry reports indicate that the ₹55 crore deployment targets strategic real estate projects aligned with Ahmedabad's growth trajectory. These investments are positioned to capitalize on the city's expanding infrastructure, increasing demand for premium properties, and overall economic development.

Among the flagship projects is "Curv," described as a 32-floor twisted commercial tower in GIFT City, Gujarat. The project, valued at an estimated ₹700 crore, is expected to offer approximately one million square feet of commercial space and potentially redefine the region's architectural landscape.

Market Impact and Development Prospects

Real estate analysts suggest that Shivalik Investment Fund's capital infusion could generate several positive implications for Ahmedabad's property market. The investment is expected to accelerate construction timelines and enhance the completion of high-quality residential and commercial developments.

The deployment may also stimulate local economic activity through job creation and increased business operations. Industry observers believe this could boost investor confidence and encourage additional investments in Gujarat's economic powerhouse.

Alternative Investment Fund Landscape

The move reflects broader trends in India's alternative investment sector, where Category-II AIFs are increasingly focusing on real estate opportunities. Such funds typically target sophisticated investors and operate with specific investment mandates aligned with market conditions and regulatory frameworks.

Ahmedabad's real estate market has been attracting attention from institutional investors due to its strategic location, industrial base, and infrastructure development initiatives. The city's position as a major commercial and industrial hub in western India continues to drive property demand across various segments.

Industry Outlook and Investment Climate

Market participants suggest that Shivalik Investment Fund's deployment represents growing institutional confidence in Ahmedabad's real estate potential. The investment strategy appears to focus on projects that align with the city's urban development plans and infrastructure expansion initiatives.

The fund's approach of diversifying investments beyond its parent group's projects indicates a comprehensive market assessment and risk management strategy. This methodology could potentially serve as a model for other alternative investment funds targeting regional real estate markets.

The deployment of ₹55 crore by Shivalik Investment Fund represents a significant milestone in Ahmedabad's real estate investment landscape, potentially setting precedents for future institutional participation in the city's property development sector.