Mt. K Kapital Backs Rustomjee Group by raising Rs. 4,000 Crore

Mt. K Kapital, a real estate investment management firm backed by Mumbai-based Rustomjee Group, announced on November 27 that it has successfully raised its second fund of Rs. 4,000 crore.

The fund has attracted strong participation from leading General Partners (GPs) and Limited Partners (LPs), underscoring confidence in the company’s investment strategy and the performance of its first fund.

After deploying its maiden Rs. 790 crore fund entirely in the Mumbai Metropolitan Region (MMR), Mt. K Kapital now plans a national expansion with Fund II.

Key Highlights

• Mt. K Kapital raises Rs. 4,000 crore for its second real estate fund
• New fund targets Pune, Bengaluru, Delhi NCR and Mumbai markets
• Deployment planned for early 2026 with strong developer partnerships

This targets major growth markets such as Pune, Bengaluru, and Delhi-NCR. According to the firm, India’s robust economic fundamentals and the strong outlook for the real estate sector support its focus on expanding the credit space for developers.

The company aims to use the new fund to form partnerships with developers across key markets, investing at the acquisition stage and continuing support through the project lifecycle. As a partnership-driven platform, the firm will concentrate on enhancing project viability, improving financial performance, and driving product differentiation within micro-markets.

“The Mt. K platform was built with an absolute alignment of interests among all stakeholders in the development value chain, and the performance of our first fund is a testament to our thesis. With our second fund, we look forward to expanding this proposition across the country as we enter the markets of Pune, Bangalore, and NCR," said Binitha Dalal, Founder & Managing Partner, Mt. K Kapital.

“The Mt. K platform, backed by Rustomjee, has made considerable progress since its inception, and it has reaffirmed my thesis of making Real Estate Investments a win-win for all stakeholders. With the second fund, we are confident that the real estate industry stands to benefit even more meaningfully from Mt. K’s approach and development mindset," Boman Irani, CMD, Rustomjee Group.

"The first fund, which is a Rs. 790 crore MMR-focused fund, has been a landmark strategy in terms of underwriting, project monitoring, and investor support. We are certain that the platform will continue to grow consistently and emerge as a major institutional player for the real estate sector from an investment perspective. It has already proven to be a highly effective model within the Rustomjee ecosystem,” he added.

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Mt. K Kapital has set a deployment target of early 2026 for the new fund, backed by a solid pipeline of projects under evaluation.