Investments will be made by the Fund keeping in mind the below mentioned objectives
To focus on long term capital appreciation for the intvestors & maximize returns over the term of the Fund
To opportunistically invest in "well positioned" residential, commerial, mixed use real estate assets in high growth urban centers
To invest as per well defined investment criteria
Be tax efficient to the investors
Fund plans to invest in residential projects, co-invest in investee entities with developers, diversify risk and formulate clear exit strategies
To Invest in – 1) Residential projects based in high growth urban cities*, 2) mixed use development assets 3) Trading in “transfer of development rights”
Invest in projects with real estate developers and/or partner with real estate developers
Adequate risk diversification with Prudential investment caps. Not to invest more than 25% of aggregate Capital Commitment in any single Investee Entity
Unutilized capital contributions be invested in temporary /short term investments
Formulate clear exit strategies and to react quickly on the potential real estate opportunities
Based on the current market situation following is the investment focus of the Fund
The fund plans to invest in residential real estate projects in Mumbai/Thane/ Ahmadabad
The projects can be greenfield / under construction or where significant progress has been made
a) Development of land parcel b) Redevelopment c) Slum Rehabilitation d) Land acquisition
Min INR 15 Cr, Max INR 50 Cr
1) Equity/Quasi-Equity/Quasi Debt 2) Significant minority control on various strategic aspects of the project
3) Project to be eligible of securing debt from banks and financial institutions 4) Staggered cash flows
Fund will do 1) JV with known developer who is known to sponsors 2) JV with land owners (if known to sponsor/developer),
3) Projects promoted by sponsors
The fund plans to generate pre-tax IRR >25%
The Process will begin with originating a lead followed by evaluating / negotiating a proposal in detail, taking Investment Committee’s approval, doing due diligence, making investment, regularly monitoring it and finally exiting from it
Team responsible: The Project Team comprises of Fund Manager, Legal, Architect, Associates & Analysts
Responsibilities: Identifying the investment opportunities as per the defined investment strategy First Level Analysis such as Financial Valuation & Feasibility Presenting a First Level Analysis to the Investment Committee Conducting initial Due Diligence
Signing of term-sheet by Investment Committee . Investment Committee comprises of management of sponsor & representatives of some key investors
Team responsible: Project Team, Legal Team and the other appointed third party consultants.
Team responsible: Investment Committee & Management Team along with external advisors
Responsibilities: Due diligence report review Authorized to take an Investment Decision Structuring the deal Negotiating the deal Liaising with the Investors
Critical Role of the Management Team is to ensure the timely development of assets within the budgeted cost
BlackSoil Realty Fund invests INR 35 crs in two residential projects in BandraDownload
BlackSoil Realty Fund has invested INR 3 crores in four residential projects of Hyderabad-based developerDownload
BlackSoil Realty to invest INR 26 crs in a luxurious residential project at TardeoDownload
BlackSoil Realty Fund Completes Its Maiden Investment in Sheth DevelopersDownload
BlackSoil Realty Fund successfully exits its investment in Bengaluru based developer, Krishna EnterprisesDownload
BlackSoil Realty set to invest INR 25 crs in Ahuja Constructions’ residential project, O2 at Sion (E)Download
The brains behind the 'epicness'
Investment Committee comprises of successful corporate leaders from diverse background.
Mr. Gnanesh (Sunil) Gala is President (Finance) of Navneet Publications Ltd. and associated with the group for the last 28 years. Mr. Gala, after completing B.Com from Sydenham College of Commmerce and Economics, Mumbai University, joined the family business and shouldered the responsibility of managing the key areas of finance and taxation of the group.
As President - Finance, he has taken several initiatives to accelerate the company's topline and bottom-line growth. It was his vision that Navneet should be a household name amongst parents, children, students and teachers across the country. He has maintained professional rapport with key people in Banks, FIs, stock broking community and other industrialists.
He is an integral part of the Gala family’s Real Estate business – Gala Infra for the last 10 years. His role in Gala Infra includes managing the financial planning process, determining the financial needs and cash management, ensuring the reliability of financial reporting and planning for the business, guiding sales department and advising on key strategic decisions.
Mr. Shashi Kiran Shetty is the Chairman & Managing Director of Avvashya group of companies which are active in logistics and real estate sector. Mr. Shetty has completed his B.Com from Shri Venkatramana Swamy College, Karnataka.
In 1993, he founded Allcargo Logistics, which has built capabilities in the NVOCC and multimodal transport business. With acquisition of ECU Line- a Belgium based company in 2005, the company evolved into a global player with over 142 offices in over 62 countries. Today the company operates in 5 continents, and is known as the largest LCL consolidator globally.
He is also the Chairman and MD of SKS Netgate Pvt. Ltd., the promoters of Planet SKS, a mega eco-housing project worth INR 150 crore, which boasts of becoming the tallest skyscraper in Mangalore and one of tallest residential building in South India.
He has been conferred with the E&Y Entrepreneur of the Year Award in services category in the year 2010 and has also won the ‘Face of the year’ award at the 4th Express Logistics and Supply Chain awards (ELSC) organized by the Economic Times & Future Group.
Mr. Virendra Gala is the promoter of Mahavir Agency, which is engaged in the business of real estate advisory services. He has over 25 years of consulting experience in real estate industry in Mumbai and Thane region. His expertise lies in all aspects of real estate sector starting from the acquisition of land till the possession of fully developed project to end users. He specializes in enabling sale and acquisition of large parcels of industrial lands, strategizing marketing of large real estate projects, bulk buying with the help of corporate houses and HNIs, sole selling of projects through his own retail network, helping developers in deal structuring and raising finances as well as dealing in real estate regulatory and other related issues.
He is associated with reputed clients like Sheth Developers, Naman, Ariisto, Ruby Mills Group, Fortune, Dhanlaxmi, Prime, Cello Sonal, Satara, etc. He has been instrumental in selling various industrial lands such as Zandu Pharma at Dadar, Borosil Glass at Andheri, Voltas at Thane, Standard Mills at Prabhadevi, Bihor Industries at Kandivili, Bombay Metal at Chembur, Eastern Ceramics at Goregaon etc.
He has successfully completed transactions of ~5 million sq ft of industrial & land parcels for Sheth Developers in Mumbai & Thane region and has also accomplished transactions size of ~2 Million sq ft with other developers across Western Mumbai. As a sole selling agent he has sold ~5 lacs Sq.ft of transactions (Residential & Commercial) and has also underwritten projects aggregating to ~2 Million sq ft.
Mohinder has over 25 years of experience in M&A, strategic advisory, capital markets, portfolio company integration as well as post-acquisition performance management in India, Asia and Europe
Mr. Bansal is also the Director/Partner in following Companies/LLP:
Tushar Jani is the founder Chairman of Blue Dart Express Ltd., the premier International and Domestic Courier Company, which was taken over by DHL Express (Singapore) Pte.Ltd in March, 2005, presently he is the Chairman of Blue Dart Aviation Ltd. the first private air cargo carrier in India having its own fleet of seven aircrafts.
Kaiwan Kalyaniwalla is a Solicitor and Advocate of the Bombay High Court and a Partner in the law firm of Maneksha & Sethna in Mumbai. He has been in practice for over 22 years. He is enrolled as a Solicitor of the Supreme Court of England and Wales.
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