Hyderabad-based Meenakshi Group has stepped into the financial services industry with the launch of its new investment platform, Meenakshi Alternates (M-Alts). As its first major move, the group has introduced the Meenakshi Real Assets Fund, a real estate-focused fund worth Rs 700 crore.
This fund is registered as a Category II Alternative Investment Fund (AIF) with SEBI approval. It is designed to invest in real estate assets across India’s major cities, especially Tier I locations known for rapid urban development. The fund will back promising projects that have both solid returns and long-term value.
The fund follows a hybrid model, combining both debt and equity investments. It has a base size of Rs 700 crore, including a greenshoe option of Rs 350 crore. The Meenakshi Group itself has committed up to 20% of the fund value, showing strong internal confidence in the new venture.
Focus on Urban Growth
With a six-year investment window, the fund will invest in 6 to 8 high-potential real estate deals. Each transaction may go up to Rs 70 crore. The fund’s main focus is on self-liquidating real estate assets—those which can return capital over time while generating steady income.
Meenakshi Alternates CEO Mahesh Katragadda stated that the company is already reviewing three investment opportunities. He noted growing interest from institutional and high-net-worth investors who see value in well-managed urban real estate.
Real Estate Track Record
The Meenakshi Group has a strong presence in infrastructure, having completed over 13 million square feet of real estate, 371 MW in energy, and more than 650 lane kilometers of highways. Now, through M-Alts, it aims to provide structured financial products rooted in this real estate experience.
Mahesh Katragadda emphasized that the firm’s main goal is to offer reliable investment options and build long-term trust with stakeholders. With urban India expanding rapidly, the Meenakshi Real Assets Fund hopes to serve as a key player in financing this growth through responsible and strategic investments.
