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Construction : Web Exclusive | November 2012 | Source : Construction Update

Secura mulls Rs 50 cr realty fund

In order to invest in sectors related to real estate in Kozhikode and Kochi, Secura Investment Management (India) plans to raise Rs 50 crore through its second scheme of venture capital fund.

In 2009, the company promoted by Hi Lite group started scheme one and the payback of investment to investors had already started after successfully implementing real estate projects at Kozhikode.

The second scheme of Secura India Real Estate Fund is open with a minimum investment of Rs 5 lakh, and no maximum limits.

The firm said in a press release that the investments and operations of the fund shall be subject to the compliances of Islamic Finance rules, as advised by the Shariah Advisor to the Fund, and Taqwa Advisory & Shariah Investment Solutions, Mumbai.

Secura India Real Estate Fund is the first SEBI registered real estate venture capital fund in Kerala. This is the first Sharia complied venture capital fund in India as well. Trustee of the fund is IL&FS Trust Company, Mumbai.

 
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