IL&FS India Realty Fund II
The Fund had a target corpus of US$ 750 mn and managed to raise US$ 895 mn during the market conditions of 2008. The Fund will primarily invest in high-growth real estate assets across India. The Fund seeks to provide its investors with a return in excess of 25% IRR and will invest primarily in office, residential, retail, hospitality and mixed-use properties that will attract quality customers/ end users.
IIML has advised 26 investments for the Fund till date and aims to capitalize on opportunities in Re-development projects (e.g., rehabilitation of urban sites), Adaptive re-use of Industrial land, Ground-up development projects, Asset buyouts, Industrial Parks and the other successful strategies of the Fund I