Anand Jain-promoted Urban Infrastructure Opportunity Fund (UIOF) has concluded 13 real estate deals with an investment of Rs 1,102 crore during the past few months. UIOF, backed by Reliance Industries (RIL) among others, has picked up equity varying from 10% to 50% in projects across India. UIOF had raised Rs 2,221 crore from a clutch of brokerages, high networth individuals and corporates, to invest in real estate and projects in special economic zones (SEZs). UIOF has a fund raising target of Rs 5,000 crore.
The fund has adopted a fairly de-risked investment strategy by spreading its resources across different segments of the real estate sector in various cities across the country,” UIOF sources said.

Of the total investment, UIOF has 27% exposure in Bangalore while it has 24% investment in Mumbai. In the cities like Panchkula, Chennai, Hyderabad and Nashik the fund has investment exposure of 11%, 10%, 9% and 8%, respectively.

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