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Azure Capital Raising $94M Fund

India’s Azure Capital said on Thursday it will raise up to 5 billion rupees ($94.10 million) through a real estate private equity fund that will invest in commercial properties across the top seven cities in the country, Reuters reported Thursday. The fund would be a rental yield fund, where investments will be made into commercial properties that are pre leased, the firm said in a statement.

(Reuters) – India’s Azure Capital said on Thursday it will raise up to 5 billion rupees ($94.10 million) through a real estate private equity fund that will invest in commercial properties across the top seven cities in the country.

The amount would be raised completely from domestic investors and would be a rental yield fund, where investments will be made into commercial properties that are pre leased, it said in a statement. ($1 = 53.1350 Indian rupees) (Reporting by Indulal PM; Editing by Anand Basu)