Brick Eagle Receives Rs 100 Crore Anchor Commitment from Axis Bank and Bennett Property Holdings for its Affordable Housing Fund

Brick Eagle Capital Advisory has received Rs. 50 crore anchor commitment each from Bennett Property Holdings and Axis Bank for its Alternative Investment Fund out of its targeted corpus of Rs 500 crore. The Brick Eagle India Affordable Housing Fund is a Category II AIF registered with SEBI aimed at catalysing 50,000 homes for low income families, while targeting healthy returns for its investors. Amid increasing investor interest for Affordable Housing, Kirti Timmanagoudar, Managing Partner of Brick Eagle Capital Advisory said “Our fund has been created with Local Developer requirements in mind and will make several small investments at early stages. We invest in Developers that target end customers as home buyers and not investors.

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