The fund intends to raise about $150-$200 million from domestic investors and another $300 million from global markets. The fund, which has about $750 million worth of assets under management, plans to invest close to $100 million over the next couple of months in major Indian cities. The investments will mainly be in the residential property assets. Rising interest rates and tighter loan approvals could slow near-term growth in the Indian property sector. Kotak is raising a $300 million private-equity fund to invest in infrastructure projects in the country.
