Nishith Desai close Aditya Birla Groups 500M Realty Fund

The Aditya Birla Group has launched a real estate fund with plans to raise up to $500 million (Rs. 2,400 Crores). Aditya Birla India Real Estate Vision Fund, which will be advised by the Group’s assets management arm, Birla Sun Life Asset Management, has a target corpus of $350 million (Rs. 1,680 Crores) with a green shoe option to raise another $150 million (Rs. 720 Crores).