Bakeri Group & Lumos Alternate unveils Sakar Realty Fund I for Rs. 500 crore

Bakeri Group, a real estate developer, and Lumos Alternate, an investment management firm, have partnered to create Sakar Realty Fund I, a Rs. 500 crore real estate investment platform.  This SEBI-approved platform will focus on mid-market residential projects in major Indian cities like Bengaluru, Mumbai, Ahmedabad, and Pune. Each project's investment timeline is projected to be 3-4 years.

The fund aims to attract a diverse investor base, including high-net-worth individuals (HNIs), family offices, and institutional investors. Having secured final approval from SEBI, the platform seeks to deliver strong returns by capitalizing on Bakeri Group's extensive development experience, having delivered over 42 million sq ft in the past six decades.

While institutional investors frequently participate in such platforms, retail investors and family offices often lack direct access. Sakar Realty Fund I address this gap by offering a regulated investment vehicle, enabling broader participation in high-quality real estate projects. This allows investors to partner with a reputable and experienced developer like Bakeri Group from the initial stages, under pre-agreed terms.

Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors, highlighted the platform's focus on mid-market residential projects. He emphasized the mutual benefits of this pre-structured approach. Developers gain assurance of readily available equity, while investors benefit from a clear corporate governance framework and defined return structure, partnering with their preferred developer. 

Further security is provided by an independent asset management company and investment committee, ensuring robust monitoring and timely contract enforcement. This structure promotes transparency and accountability, fostering confidence among investors.