this story originally appeared in on jul 30 2013bangaloremumbai global investors are once again warming up to indias real estate and have raised nearly 2 billion rs 11854 crore in the past year despite the economic uncertainties and the scepticism surrounding this sectorsome of the large investments include abu dhabi investment authority adia backing kotak realty fund and sovereign fund of oman investing in hdfc additionally aditya birla real estate fund redfort capital and jpmorgan are some of the funds that have raised money recently to invest in real estate projects on monday kotak real estate fund said it had raised 200 million rs 1200 crore from select group of investors and has firmed commitments to raise 200 million more to close its 400 million rs 2400 crore eightyear tenure fund to invest in only residential properties in indias six metros kotak group has invested around 30 million as sponsors the investor base has consolidated and the nature of investors has undergone a sea change s sriniwasan chief executive kotak real estate fund said today only longterm investors like large government funds and pension funds are keen on investing in india he declined to name the investors as it is confidential the transaction size can be large in metros and another benefit of investing in metros is that there is liquidity in these centres as against small cities sriniwasan said the fund had so far raised 1 billion from overseas markets invested in 32 properties and returned 380 million from six exits with a 23 return according to sriniwasan it is very challenging in todays market to raise capital since investors or lps are looking at continuity and consistency in management investors are willing to invest in real estate however they are exploring the market for the right projects we anticipate that in the next few quarters the momentum in real estate will pick up throwing open more investible options for investors says sanjay dutt executive managing director south asia cushman wakefield but money is hard to come by for realty developers with both private equity and banks tightening their purse strings while nonbanking finance companies are making the most of the situation we have been very active since the last few quarters and are in the midst of a lot of sensible deal flow there are attractive opportunities in the market and it will continue this way at least for the next two years says amar merani ceo xander finance xander finance is the xander groups indian nbfc arm specialising in offering credit to indian businesses especially in real estate and manufacturing yes caution does prevail in the market but we are increasingly getting our terms and structures in place with the right developers and are actually closing deals he adds while realty funds are cautious they are looking for future opportunities as well sovereign wealth fund of gulf adia has invested in the offshore fund of kotak realty funds run by kotakmahindra bank to pump in 300