ADIA anchors fund as global investors deepen bets on Indian property market.

Kotak Alts Seals $1 Billion Close for 14th Real Estate Fund.

Kotak Alternate Asset Managers (Kotak Alts), the alternative investment arm of the Kotak Group, has successfully achieved the final close of its fourteenth real estate fund, raising nearly $1 billion in commitments. The fund is anchored by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), which has committed over $675 million, marking its sixth consecutive investment in Kotak Alts’ real estate platform. Another key investor is the National Pension Service of the Republic of Korea (NPS Korea), marking its first-ever investment in Indian alternative assets. The strong backing from global institutional investors underscores continued confidence in India’s real estate sector. The fund will focus on providing growth and development capital across residential, commercial, and other real estate asset classes in major Indian cities. Kotak Alts said the strategy will emphasise disciplined underwriting, robust security structures, and insights drawn from its previous real estate fund vintages.