Shivalik Investment Fund Secures INR 150 Cr in First Close of Inaugural Fund The fund is primarily focused on investing in residential, commercial, and plotting projects in Ahmedabad's high-growth areas.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Chitrak Shah, Founder and Managing Director, Shivalik Group

Gujarat-based Shivalik Investment Fund (SIF), a Category II Alternative Investment Fund (AIF), has achieved the first close of its inaugural fund, securing 50% of its targeted corpus of INR 150 crore. The fund plans to raise an additional INR 150 crore through a green shoe option.

The inaugural fund has attracted significant interest from high-net-worth individuals (HNIs) and family offices, focusing on real estate development in Ahmedabad's high-growth areas. With a primary focus on residential, commercial, and plotting projects, SIF aims to leverage Ahmedabad's evolving infrastructure and rising demand for premium properties.

"Our successful first closure of the fund demonstrates our commitment to leveraging our financial and development expertise to enhance our presence in Ahmedabad and maximise returns for our investors," said Chitrak Shah, Founder and Managing Director, Shivalik Group.

Shivalik Group, known for its real estate developments in Ahmedabad, has already delivered over 75 landmark projects, contributing to more than 15 million square feet of real estate development. The group has also developed over 12 micro markets across Ahmedabad with its projects.

SIF's investment team is currently in advanced discussions on several identified deals.

"Ahmedabad's real estate market is entering a transformative phase, driven by infrastructure development, rising incomes, and increased demand for premium residential and commercial properties. Shivalik Investment Fund is well-positioned to leverage these trends through our professionally managed fund, offering investors an opportunity to be part of Shivalik's growth story," said Piyush Kothari, Executive Director, Shivalik Investment Fund.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Leadership

Doing Well by Doing Good — How Purpose-Driven Entrepreneurs Are Changing the World

Exploring the transformative impact of mission-driven business leadership.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

Business News

'I Love Doing Product Reviews': Bill Gates Stepped Down from Microsoft in 2020, But Admits He Still Spends 15% of His Time Working at the Company

In a new interview with the Wall Street Journal, Gates also said he is still close with Microsoft's CEO Satya Nadella.

News and Trends

Handloom Fashion Brand Dressfolk Secures Funding to Scale Indian Craftsmanship Globally

In FY24, Dressfolk achieved nearly 200 per cent growth, supported by a network of over 800 weavers and 120 artisans across six Indian states.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

EQT Acquires 100% Stake in Indostar Home Finance for INR 1,750 Cr to Boost Growth

EQT plans to invest INR 500 crore of primary capital into Indostar Home Finance via its MMG fund to fuel its next growth phase.