ICICI Prudential AMC to raise ₹2,000 crore fund for Mumbai housing
ICICI Prudential Asset Management Company is raising ₹2,000 crore for a residential development fund targeting Mumbai, where demand for housing remains strong. The fund, which includes a ₹1,000 crore green-shoe option, aims for a gross internal rate of return of 20-25% and focuses on redevelopment projects in constrained land areas. Initial fundraising response has been robust, indicating strong market interest.