Bakeri Group & Lumos Alternate Launch ₹500 Cr Real Estate Fund
Bakeri Group, one of India’s oldest real estate developers, and investment management firm Lumos Alternate have launched a ₹500 crore real estate investment platform, Sakar Realty Fund - I. The fund recently received SEBI’s final approval and aims to deliver strong returns by leveraging Bakeri Group’s 65-year legacy and execution expertise, having developed over 42 million sq. ft. of real estate.
While institutional investors have committed over ₹20,000 crore to similar platform deals in recent years, retail investors and family offices often lack direct access to such opportunities. Sakar Realty Fund - I seeks to bridge this gap by offering a regulated investment vehicle for participation in high-quality real estate projects.
Anuranjan Mohnot, Managing Director and CEO of Lumos Equity Advisors Private Limited, said, “The real estate market has been robust over the past few years, and many family offices and HNIs are looking to establish long-term direct partnerships with credible real estate developers who have successfully navigated multiple real estate cycles. Sakar Realty Fund, provides investors the opportunity to partner with one of the most trusted and experienced developers at an early stage and on pre-defined terms. The platform will invest in mid-market residential projects in Bangalore, Mumbai, Ahmedabad, and Pune, with an investment horizon of 3-4 years per project.”
He further added, “A pre-structured deal with a credible developer creates a win-win situation for both investors and developers. While the developer gains confidence in the availability of equity on call, investors benefit from a well-defined corporate governance framework and return structure with their preferred developer. Additional comfort is provided by an independent asset management company and investment committee, which ensures rigorous monitoring and timely enforceability of contracts.”
Pavan Bakeri, Promoter and Managing Director of Bakeri Group, stated, “The real estate industry is expected to grow from its current size of approximately $500 billion to $1.5 trillion by 2034. This expansion presents significant and sustainable opportunities for developers and investors to participate in and benefit from India’s growth story. The Sakar Realty Fund uniquely blends development expertise with independent investment acumen, delivering value to investors while contributing to landmark real estate projects in major Indian cities.”
